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The UK's Trade Strategy
26 June 2025
Type
Written Ministerial Statement
Department
Department for Business and Trade
At a Glance
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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Assessment & feedback
Summary accuracy