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Congratulations to UK exporters which
Alan Rides MIEx (Grad) Chief Executive
As a former British Government trade Officer for DIT, now DBT I am very pleased to see that the UK has now moved up to become the world’s 4th largest exporter! As per statistics from UNCTAD, (the UN’s permanent intergovernmental body) and is substantially down to our strong services exports. London is of course the main centre in the UK for service company exports
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Legislation mandating the UK’s accession to the #CPTPP Indo-Pacific trade pact has passed into law and been welcomed as a “red-letter day” for British firms.
It comes after business and trade secretary Kemi Badenoch signed the accession treaty in July 2023 following two years of negotiations to join the market of over 500M people.
The UK is expected to be fully ratified to join the bloc later this year, making over 99 per cent of current UK goods exports to CPTPP nations eligible for zero tariffs, including cars.