Service Industries: Trade Agreements

(asked on 26th May 2021) - View Source

Question to the Department for International Trade:

To ask the Secretary of State for International Trade, what steps she is taking to promote professional business services in free trade agreements.


Answered by
Greg Hands Portrait
Greg Hands
Minister of State (Department for Business and Trade)
This question was answered on 11th June 2021

The UK is a world leader in professional and business services. In 2019, the UK exported £63 billion of professional and business services (PBS), with a trade surplus of £34 billion.

To support the success of this important and diverse sector, the Department for International Trade is seeking ambitious commitments in its free trade agreements (FTAs) on cross-border trade in services, investment, mobility, and digital trade, which will reduce trade barriers, and provide certainty and transparency for UK professional and business service suppliers.

The Government is also using FTAs to foster regulatory dialogue and collaboration across all PBS sectors. This can help reduce administration and costs for UK professionals and firms seeking to supply services overseas.

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