House of Commons · Written Ministerial Statement
Trade Policy Update
06 September 2022 · Department for International Trade
Proposed by Anne-Marie Trevelyan Con Berwick-upon-Tweed
Summarised by AI from the official record, so it can contain mistakes.
At a glance
Key points
- The Department for International Trade provides an update on Ukraine reconstruction efforts and ongoing trade negotiations with India.
- The UK aims to complete its technical assessments to join the CPTPP by autumn and finish UK-India FTA negotiations by the end of October.
- The Developing Countries Trading Scheme is launched to enhance trade relations with developing nations.
Issue summary
The statement provides an update on the Department for International Trade's progress on Ukraine reconstruction, trade negotiations with India, accession to the CPTPP, and the launch of the Developing Countries Trading Scheme.
Action requested
The minister updates Parliament on ongoing negotiations and initiatives including technical assessments in Ukraine, continued talks towards joining the CPTPP by autumn, target completion for UK-India FTA negotiations by end of October, and the launch of the Developing Countries Trading Scheme to boost trade with developing nations. The government will keep Parliament updated as these processes progress.
Key facts
- DIT appointed Mott MacDonald and Crown Agents on a 12-week programme to act as Ukraine Reconstruction Industry Advisors.
- CPTPP first in-person Accession Working Group took place in Tokyo, 24 - 28 July 2022.
- UK-India Free Trade Agreement negotiations were conducted in hybrid fashion between 18 - 29 July 2022.
- Developing Countries Trading Scheme launched on 16 August 2022.
- DCTS covers trade with 65 developing nations home to more than 3.3 billion people and will reduce import tariffs saving UK businesses over £750 million per year.