Business: Trade Barriers

(asked on 30th March 2023) - View Source

Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what steps her Department is taking to reduce barriers to global trade for British businesses.


Answered by
Nigel Huddleston Portrait
Nigel Huddleston
Financial Secretary (HM Treasury)
This question was answered on 17th April 2023

In addition to our ambitious free trade agreement programme, our latest publicly 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.

In her first 200 days, the Secretary of State knocked down barriers to global markets worth £11 million every day to UK businesses. As a recent example, the Department resolved a barrier worth £6 million allowing honey exports to Saudi Arabia, unlocking new opportunities for British businesses.

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