To ask the Secretary of State for Business and Trade, what steps her Department is taking to help reduce barriers to global trade for British businesses.
Answered on
18 May 2023
We are targeting a global ‘hit list’ of barriers whose removal would deliver massive new opportunities for UK business throughout the country, estimated to be worth over £20 billion over five years.
Latest available figures show that in the year to March 2022, the Department resolved 192 trade barriers in 79 countries; 45 of these alone are estimated to be worth around £5 billion to businesses across the UK over the next five years.
Answered by
Department for Business and Trade
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