House of Commons · Written Ministerial Statement
Free Trade Agreement Negotiations Update
29 July 2024 · Department for Business and Trade
Proposed by Jonathan Reynolds Lab Co-op Stalybridge and Hyde
Summarised by AI from the official record, so it can contain mistakes.
At a glance
Key points
- The UK intends to launch Free Trade Agreement negotiations with the Gulf Co-operation Council, India, Israel, Republic of Korea, Switzerland, and Turkey in Autumn 2024.
- The UK plans to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to support its trade strategy.
- The UK's trade strategy aims to align with economic growth, geopolitical analysis, industrial strategy, and net zero ambitions.
Issue summary
The statement addresses the UK's commitment to developing a trade strategy that aligns with economic growth, geopolitical analysis, industrial strategy, and net zero ambitions.
Action requested
The Minister announces the intention to launch Free Trade Agreement (FTA) negotiations with multiple countries starting in Autumn, focusing on the Gulf Co-operation Council, India, Israel, Republic of Korea, Switzerland, and Turkey. The UK also commits to joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Key facts
- The UK is the world's 4th largest exporter with exports worth £855 billion.
- FTAs are a key lever for driving growth in line with international trade priorities.
- Negotiations will start during Autumn after writing to international partners.