Category Archives: Trade policy

UK trade summit in Saudi Arabia accused of promoting firms linked to senior Tories

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Lib Dems says Conservatives have ‘serious questions to answer’ about what appears to be clear conflict of interest

A UK government trade summit in Saudi Arabia has been criticised for helping to promote businesses linked to a string of senior Conservatives, including peers and the former chair of the party, Ben Elliot.

Oliver Dowden, the deputy prime minister, has been in Riyadh this week launching the government-backed Great Futures campaign to promote British trade with Saudi Arabia, despite the Gulf country’s controversial record on the repression of women and LGBT people.

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Food importers in UK say new Brexit checks could add 60% to costs

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Businesses say fees for Dover inspections are much higher than first thought and will push up shop prices

Importers of food from the EU into Britain have said newly introduced post-Brexit checks could increase their costs by up to 60%, pushing up prices for customers and driving some shops out of business.

After five previous delays, the UK government on Tuesday introduced the physical checks on animal and plant products entering from the EU, having revealed at the start of this month that it would be implementing a common user charge (CUC) of up to £145 per consignment.

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UK to delay start of health and safety checks on EU imports – report

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New post-Brexit border checks ‘set to zero’ to avoid what Defra calls risk of serious disruption

The UK government has reportedly told port health authorities it will not “turn on” health and safety checks for EU imports as new post-Brexit border controls begin this month.

A presentation prepared by the Department for Environment, Food and Rural Affairs (Defra) highlighted the risk of “significant disruption” if the new measures were implemented, according to the Financial Times. It made clear that the systems would not be fully ready on time.

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New Brexit checks will cause food shortages in UK, importers warn

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Rules due to come in this month will impose new handling fees – and experts say small suppliers are already being driven away

Ministers’ decision to impose Brexit import checks on 30 April will lead to shortages of some foods, flowers and herbs, industry leaders have warned.

In the week after the government was accused of blindsiding the British food industry by giving 27 days’ notice that every consignment of items such as camembert, steak, tulips and chives would be subject to fees of up to £145, small retailers such as delis and farm shops have been scrambling to make sure they still have products to sell.

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‘Our profits could disappear’: Small UK businesses hit out at new import fees

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Post-Brexit charges of up to £145 may lead to a reduced range of goods available for consumers

British small businesses have hit out at newly announced post-Brexit import fees coming in later this month, warning they could wipe out profits and make importing some products unfeasible.

Trade bodies, retailers and small firms said that the new charges of up to £145 for each consignment could force them to limit the range of items they can offer, while others may have to push up their prices.

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Dover health authority says inland border facility will be ‘open door for disease’

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Sevington site was never designed to handle volume of imports envisaged by post-Brexit changes due in April, port’s health chief warns

An inland facility set up to carry out checks on nearly all EU meat and dairy imports coming through Dover will be unable to cope when post-Brexit rules come in next month, the port’s health authority has warned.

The Dover Port Health Authority (DPHA) said the Sevington facility in Ashford, which is 22 miles inland, had not been designed to handle the scale of imports expected, and claimed its geographical position would “create an open door for disease and food fraud”.

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UK and India put free trade deal talks on ice until later this year

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Latest round of negotiations end without breakthrough and talks will not resume until after India’s election campaign

The UK and India have closed their 14th round of trade negotiations without reaching a deal and will put the discussions on ice until later this year.

The UK government ended the latest round of talks on Friday night after two weeks of intensive negotiations with Indian officials failed to bear fruit.

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UK negotiators fly to India in last-ditch effort to seal free-trade deal

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Exclusive: Team will try to resolve goods and services issues amid fears Delhi is holding out for a Labour government

British negotiators have flown to India in a last-ditch attempt to clinch a trade deal amid concerns that Narendra Modi’s administration intends to hold out for a Labour government.

A team of negotiators led by a senior civil servant flew out on Monday with a mandate to resolve the goods and services chapters, which are among the thorniest outstanding issues in the talks.

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UK gives £600m backing to Jim Ratcliffe’s ‘carbon bomb’ petrochemical plant

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Campaigners say Ineos project in Antwerp will turbocharge plastic production on a scale not seen before in Europe

The UK government is providing a €700m (£600m) guarantee for the billionaire Jim Ratcliffe to build the biggest petrochemical plant in Europe in 30 years that will turbocharge plastic production.

The huge petrochemical plant has been described as a “carbon bomb” by campaigners. Being constructed in the Belgian city of Antwerp by Ratcliffe’s company Ineos, it will bring plastic production to Europe on a scale not seen before, just as countries are trying to negotiate a binding global treaty to tackle the growing problem of plastic pollution.

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UK officials recommend extending post-Brexit steel quotas

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Kemi Badenoch to make final decision on protections amid British industry fears of possible flood of imports

Whitehall officials have recommended extending post-Brexit steel quotas – a development that will come as a relief to the British steel industry, which had feared a rise in imports.

The “steel safeguards”, which were due to expire at the end of June, were first brought in by the EU in 2018, which feared that countries such as China would dump excess steel on the market after sales to the US were blocked by Donald Trump.

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Post-Brexit watchdog ‘ready’ to investigate flood of cheaper Chinese electric cars

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Remarks by head of trade authority come amid fears UK firms could be undercut ‘to extinction’

The head of Britain’s post-Brexit trade watchdog has said it is ready to follow Brussels in launching an investigation into Chinese companies flooding the market for electric cars, but the government has not asked it to do so.

Oliver Griffiths, the chief executive of the UK’s Trade Remedies Authority (TRA), which advises the government on trade defence, said it was keeping lines of communication open with ministers and had been in close contact with the car industry. “We’ll be ready to go if anyone does come to us,” he told the Guardian in an interview.

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UK farmers vow to mount more blockades over cheap post-Brexit imports

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Inspired by French action, British campaigners say they will continue slow tractor protests after Dover roads were blocked

Farmers say there will be further French-style blockades following a slow tractor protest at Dover against low supermarket prices and cheap food imports from post-Brexit trade deals.

Around 40 tractors and other farm vehicles blocked roads around the Kent port for several hours on Friday evening by driving slowly and carrying signs with slogans such as “No More Cheap Imports”.

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UK anti-dumping body recommends lifting limits on steel imports

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Proposal to suspend safeguarding measures on certain products follows news of Tata’s Port Talbot closure plans

The government’s anti-dumping body has recommended that measures limiting the import of certain steel products be lifted after the decision to close the blast furnaces at Port Talbot.

The Trade Remedies Authority, which is charged with protecting UK industry from dumped or subsidised imports, said its preliminary view was to advise the business secretary, Kemi Badenoch, to suspend safeguarding measures on imports of hot-rolled flat and coil steel for a temporary period of nine months.

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‘It’s all a bit marginal’: claims of Brexit trade perks don’t add up, say firms

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A business department report trumpeting the four-year benefits of leaving the EU does not match the reality faced by companies

On the four-year anniversary of Brexit last Wednesday, business and trade secretary Kemi Badenoch trumpeted its successes. “The British people’s conviction that the UK would excel as masters of our own fate has paid dividends,” she said, launching a report detailing the benefits.

Among the top achievements listed were booming sales of honey to Saudi Arabia, surging pet food exports to India, a rush of UK pork, worth £18m over five years, heading into Mexico’s restaurants and homes, and UK beauty products sales leaping in China, thanks to barriers being smashed.

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New Brexit food checks likely to mean less choice, warn delis

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Guild of Fine Food fears European suppliers of specialist produce will stop supplying UK because of red tape

Thousands of delicatessens and other specialist food shops have said new border rules that come in from Wednesday are likely to mean reduced choice of products for consumers.

The Guild of Fine Food (GFF), which represents 12,000 businesses, has raised fears that European suppliers of specialist foods such as cheeses and meats will stop supplying the UK as a result of the additional red tape for imported goods.

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UK ditches post-Brexit Canada trade talks; Vodafone and Three UK merger under investigation – as it happened

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Live, rolling coverage of business, economics and financial markets as Canada says UK was unwilling to give access to agricultural products

Shares in US chipmaker Intel have slumped in pre-market trading after it revealed a weaker forecast of earnings.

Chipmakers have been flying in recent years as shortages followed by the huge hype over artificial intelligence – which is hungry for processing power – prompted investors to pile into the sector.

Although Intel beat estimates, investors’ disappointment in Intel’s datacentre GPU story’s growth can be primarily attributed to the slower-than-expected product delivery and ramp-up.

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Hard cheese: Canada rejects British attempt to secure tariff-free exports

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Many UK cheese makers could face 245% duty from 1 January, making exporting unaffordable

A priceless opportunity to sell “more affordable high-quality cheese to Canada” was one of those many Brexit boons that Boris Johnson championed with his customary blather as prime minister.

A bespoke UK-Canada trade deal was going to open up the Canadian market to cheddar, stilton and wensleydale in a way that had never been possible under a trading agreement struck between the EU and Canada.

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UK and Switzerland agree to deepen ties between City and Swiss banking system

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Treasury says post-Brexit tie-up to be signed on Thursday will ease cross-border market access for financial services

The UK and Switzerland will agree to forge closer links on Thursday in a post-Brexit accord that aims to deepen ties between the City and the Swiss banking system.

In a move that brings Europe’s largest financial centres closer together, the mutual recognition agreement will be signed on Thursday by the chancellor, Jeremy Hunt, during a visit to Berne.

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No 10 team arrives in Delhi to revive talks over free trade deal

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Exclusive: Pre-election agreement would provide a major boost to Narendra Modi and Rishi Sunak

Senior Downing Street officials have flown to Delhi to kickstart talks over a multibillion pound free trade agreement, with the government of Narendra Modi having indicated it is keen to finalise a deal in the next three months.

UK trade negotiators are in the Indian capital talking to their Indian counterparts as they look to revive a deal that looked a distant prospect just a few months ago.

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UK will not return to Cameron era’s close ties with China, Sunak says

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At summit to drum up foreign investment PM says he does not intend to change policy towards Beijing

Rishi Sunak has said the UK will not return to the close relationship with China pursued under David Cameron, as the prime minister met business leaders in an effort to drum up foreign investment.

The government on Monday said £29.5bn of new investment had been earmarked for the UK, including projects by the ScottishPower owner, Iberdrola, and BioNTech, the German company that partnered with Pfizer on its Covid vaccine.

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