United Kingdom to focus a new commercial strategy on increasing service exports

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On Thursday, Sir Kerr Starmer will launch a new commercial strategy that focuses on enhancing service exports in the United Kingdom, while strengthening anti -combating defenses to protect Britain from the repercussions of the global war war.

The Minister of Trade Douglas Alexander said Curtain A policy based on “pragmatic patriotism” will set strict heads, adopt free trade and seek to build markets around the world, including China and the Gulf.

“Our strategic response on this new world cannot be based on nostalgia for the past or imperial illusion, not to mention any ideological or ideological association with a commercial block or another,” Alexander told the Financial Times.

He spoke before the launch, he said that the commercial strategy will focus on breaking the organizational barriers “behind the borders” to enhance exports by the dominant services sector in Britain, at a value of 500 billion pounds annually.

The strategy will try to address the gloomy commercial performance in the United Kingdom since Britain’s exit from the European Union, which has witnessed a sharp decrease in goods exports that have been partially compensated only through strong growth in services.

Trade volumes in the UK have grown only 1 percent since 2019, while the European Union and G7 have enjoyed an 8 percent growth, European Reform Center He said last month.

Alexander said that the new “Ricardo Fund” – which was called the name of the free commercial economy expert – deserves “tens of millions of pounds” that would help organizers in the United Kingdom and external teams determine the barriers related to the service trade and processing them.

“At a time of customs tariffs, the global services trade is thrived,” he said. “This commercial strategy is an indispensable element in the profits of contemporary exports in the United Kingdom.”

Alexander said that the strategy will also tighten the commercial defenses of Britain to prevent it from becoming a victim of dumping and unfair commercial practices in a “growing protectionist world”.

The UK is currently the only country to reach a deal with Trump to avoid its worst definitions. However, it continues to monitor the indirect effects of American -Chinese trade tensions that have seen that Chinese exports to America decrease by 34.5 percent in May, according to customs data.

“We will promote what we can and protect what we must,” he said. “We will expand and glow our commercial defense tool group in our toolbox to be able to respond to unfair competition.”

Alexander said that the strategy also aims to obtain more small and medium -sized companies that are exported, especially to Europe, and to help them move in the red tape after Britain’s exit from the European Union.

Chiffon Haveland, General Manager of British Chambs of Commerce, welcomed the strategy, saying: “We have hit the commercial strategy over the past four years, and now on fashion. Only 10 percent of the UK’s export work, and this is not enough.”

Alexander said that the commercial policy will look forward to building on the European Union’s deal last month, which began to remove some obstacles in Britain’s exit from the European Union to trade, especially in foodstuffs, animal products and energy markets.

However, government estimates indicate that the package will create a result of the GDP with only 0.3 percent in 2040-a small part of the long 4 percent long blow to the GDP of Brexit estimated by the budget responsibility office.

Alexander said: “I would like to claim that the agreement on May 19 was not one prominent event, but rather the beginning of an operation of the annual summits of the European Union in the United Kingdom,” Alexander said. “We will continue to talk, continue to work and continue to search for opportunities for British business.”

The “hardline” approach to trade also means continuing to build trade relations with China. He insisted that Washington had no veto over UK policy, although the United States has a trade deal with Britain to check closer to China’s role in supply chains.

“We will remain and we will remain a sovereign representative on commercial policy,” he said. “We take our responsibility for issues such as investment security and economic security, but these decisions will be taken in London.”

At the same time, the Alexander team is in the late stages to negotiate what they hope will be a free trade agreement with the six countries in the Gulf Cooperation Council, or the Gulf Cooperation Council.

The unions have expressed concerns that the deal will not address workers ’rights issues in the region, but Alexander insisted that the United Kingdom is trying. “We are looking for legally binding chapters in the Free Trade Agreement with the Gulf Cooperation Council countries on environmental standards and work standards.

“You can not handle everything in commercial deals, but it is important to reflect on this approach in your negotiations.”

The working government also seeks commercial agreements with Switzerland and South Korea. While the free trade agreement had a role, Alexander stressed that “we cannot be one club golf player.”

The new trade strategy will target digital trade agreements narrowly, and deal with mutual recognition of professional qualifications.

In response to a question about whether the trade strategy was characterized by the transformation of technocrats from the “Buccaneering” approach that called Boris Johnson after Britain’s exit from the European Union, Alexander said: “I want to put a commercial strategy that relies on data, not after the imperial.”