Context
The MP questioned the steps taken to reduce barriers to global trade for British businesses, referencing specific efforts and potential economic benefits.
Question
What steps her Department is taking to reduce barriers to global trade for British businesses. In the last financial year alone, we have removed 192 barriers across 79 countries. The removal of just 45 of those barriers is estimated to be worth £5 billion to businesses over five years.
Answer from Nigel Huddleston
The Department has removed 192 trade barriers across 79 countries in the last financial year, estimating a £5 billion benefit over five years. The Government aims to target another 100 barriers on their most wanted list with potential for export opportunities worth £20 billion.
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