Submission
Published: 17 January 2025
BritishAmerican Business Submits Response to Department for Business and Trade's Trade Strategy Consultation
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Contact: Dominic Parker, Senior Communications and Media Manager
dparker@babinc.org | 020 7290 9882 | +44 7500 115352
BAB submitted a response to the UK Department for Business and Trade’s consultation that will help shape the UK’s future Trade Strategy.
BAB’s submission identifies the following points in response to the three main consultation questions:
1. Facilitating Trade for Businesses
- Strengthen trade promotion capacity and provide clear guidelines and support structures.
- Improve trade promotion success by revisiting insights from the Industrial Strategy response.
- Streamline support and expand coverage for small companies.
- Integrate industrial strategy with trade promotion efforts.
2. Building International Partnerships
- Identify and address trade barriers through comprehensive reports and dialogues.
- Champion and promote trade agreements, including a potential UK-US Free Trade Agreement.
- Improve and implement existing trade agreements and mechanisms.
- Link dialogues to policymaking for effective trade strategies.
3. Supporting and Protecting Businesses Internationally
- Promote trade as part of the UK’s competitiveness agenda.
- Identify opportunities for key sectors and support businesses in domestic and international markets.