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Ellie Newis reviews two of the flagship free trade agreements that were supposed to reignite the UK economy.
Scathing report by Public Accounts Committee criticises government’s approach.
Britain’s trade with the EU has been hit by higher costs, delayed shipments and reduced freight volumes since the new economic relationship started on January 1.
Johnson's much-trumpeted FTAs “barely scratch the surface of the UK’s challenge to make up the GDP lost by leaving the EU”.
A NEW report has shown that the UK government’s prospective Free Trade Agreements are projected to only add between 0% and 0.16% to the UK’s Gross Domestic Product, up to fifteen years after their implementation.
Move comes amidst complaints of red tape from businesses and despite government producing similar reviews of other trade agreements signed.
A £5 billion EU continuity trade deal with Mexico, hailed by Whitehall as an “Aztec Brexit Boost”, has become obsolete – after the EU signed a more generous and comprehensive deal between its 27 members states and Mexico.
More than 15,000 direct and indirect jobs are currently being affected negatively due to the failure of Ghana and UK to sign a post Brexit trade agreement that allows Ghanaian fruit producers’ tariff free access to the UK market as exists under the Economic Partnership Agreement (EPA).
Today marks 100 days since Brexit properly happened in the UK - with seamless trade and EU rules replaced by a weighty trade deal.
All trade deals combined worth less than 50p per person a year, analysis of government figures shows.
Brussels and Delhi tipped to open talks on free trade agreement within days – while UK admits ‘shared intent to begin work’ only.
Allies of UK trade secretary Liz Truss accused of launching an ‘unprovoked attack’ on Dan Tehan on the eve of their meeting.
The future of the recently signed trade agreement between the UK and Kenya seems increasingly uncertain as MPs and a group of farmers in Nairobi are threatening to shoot down the pact.
International Agreements Committee warns of dangers of ‘arbitary’ Diwali deadline. / The government's rushed negotiating strategy for getting a Brexit free trade agreement (FTA) with India risks a bad deal, a parliamentary committee has warned.
The sole economic modelling exercise showing material benefits for the UK from Brexit has been debunked as “doubly misleading”, further demolishing the argument that for Britain “no deal would be better than a bad deal” when it comes to the EU.
There was spontaneous applause as Africa’s largest economy Nigeria signed up to a deal that experts say could provide far-reaching benefits, but only if it is implemented properly.
The decision not to “roll over” the Comprehensive Economic and Trade Agreement (CETA) if the UK abandons its withdrawal agreement with Brussels is a huge blow to Britain's hopes of maintaining continuity in a no-deal Brexit and could severely impact businesses that sell goods to the Canadian market.
THE UK Government failed to heed warnings over the damage Brexit would do to Scotland’s food and farming sectors, despite “clearly being aware of the consequences”, a Scottish minister has said.
African leaders met on Sunday to launch a continental free-trade zone that if successful would unite 1.3 billion people, create a $3.4 trillion economic bloc and usher in a new era of development.
The European Union (EU) and Vietnam on Sunday signed a long-awaited free trade deal that will slash duties on almost all goods, an agreement that pushes back against a rising tide of global protectionism and hailed as a "milestone" by Brussels.
Small towns in the Midlands and North are among the areas likely to suffer most from the bare-bones trade deal Boris Johnson is seeking with Brussels, according to a respected economic thinktank.
The African Continental Free Trade Area (AfCFTA) has been signed by 44 African countries at a summit of the African Union in Kigali, Rwanda. / 10 of the African Union's (AU) 55 member states did not sign the agreement.
The South American customs pact Mercosur and the EU are “very close” to a far-reaching free trade accord, Brazil’s foreign minister said, a deal that would serve as a powerful counterpoint to growing tensions in global trade.
Following the unveiling of the African Continental Free Trade Agreement in Kigali, Rwanda, in March 2018, Africa is about to become the world’s largest free trade area: 55 countries merging into a single market of 1.2 billion people with a combined GDP of $2.5 trillion. In this edition, we examine the benefits and challenges of a free trade area for countries and individual traders.
Dave Sharma says ‘megaphone diplomacy’ was behind British government suggesting Dan Tehan was a novice.