Commons Sense

House of Commons · Written Ministerial Statement

The UK's Trade Strategy

26 June 2025 · Department for Business and Trade

Proposed by Douglas Alexander Lab Co-op Lothian East

Business & Trade

Summarised by AI from the official record, so it can contain mistakes.

View on Parliament.uk

At a glance

Key points

  • The UK's Trade Strategy has been published to outline the Government's plan for maximizing trade opportunities in response to a changing global trading environment.
  • The publication aims to position the UK as a key influencer on the world stage through free trade while reflecting British businesses' needs.
  • The strategy includes establishing the Ricardo Fund and strengthening support for businesses via digitalisation and trade defence measures.

Issue summary

The UK's Trade Strategy has been published to outline the Government’s plan for maximizing trade opportunities in response to a changing global trading environment.

Action requested

The publication of 'The UK’s Trade Strategy' aims to position the UK as a key influencer on the world stage through free trade while reflecting British businesses’ needs. It includes establishing the Ricardo Fund and strengthening support for businesses via digitalisation and trade defence measures.

Key facts

  • The UK's Trade Strategy was published by the Department of Business and Trade on 26th June.
  • Publication follows the Industrial Strategy launched on 23rd June, which aims at 10 years of sustained economic growth in key sectors.
  • The strategy acknowledges changing global trade structures and challenges such as protectionism, supply chain vulnerabilities, and technological disruption.
  • A new Ricardo Fund will help UK regulators remove regulatory barriers for businesses trading abroad.
  • Measures to protect against economic pressures include making the trade remedies system more accessible and establishing an Economic Security Advisory Service.
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