We talked about overlapping agreements - bilaterals vs the CPTPP. @Liam_Sm_Y_th made a good point - that it's the traders that bring these agreements to life.
So...
/2
Combining these two points - with the overlapping trade agreements it's going to be even more crucial to provide UK companies with a good source of reliable information on market access conditions and requirements under all existing deals.
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My hope is that by the time we get to that stage we will have a well functioning and advanced trade portal where UK companies can go to understand how to export/import to/from these markets under various trade deals.
/4
Tariffs, quotas, rules of origin, certificates, licenses, trade remedies, regulatory and testing requirements etc - all in one place.
And in addition, a helpline or two.
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Personally, based on my experience of working with companies, I think that could improve the utilisation of the UK's trade deals and be as important (if not more) as the trade liberalisation provisions themselves.
6/6
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Excellent point from @DmitryOpines on the need for a greater period of reflection and debate before rushing into trade agreements (on @SkyNews)
Trade policy goals/ objectives on the domestic and international levels need to be consistent and aligned!
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Dmitry linked it nicely to the environment, agriculture and sustainability.
You can't expect a trade deal to deliver on certain promises if you're not backing it up with domestic policies that are aligned with these promises/objectives.
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The need for more analysis and reflection on what future FTAs are supposed to deliver (in a wider context) was also highlighted by @EmilyThornberry, @DavidHenigUK and most of Trade Twitter.
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This is a truly historic day - I disagree with David (and @pmdfoster). And that doesn't happen often!
Customs and trade facilitation chapters in FTAs are quite generic. The actual, tangible cooperation and facilitation often occur informally, through a bilateral dialogue.
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for me, it’s not a question of how often the Customs Committee meets but the conversations that take place on a completely different level – customs administration to customs administration, officer to officer.
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There are two completely different levels here:
1⃣ customs, SPS and border formalities and requirements
Take it from someone who spends part of the time working on export promotion strategies in various countries around the world that “getting more of them to export” is not as easy as it sounds.
Having an FTA in place is step one. And it doesn’t mean very much without supporting policies. I wonder if (I hope) the Gov is well aware of this.
/2
In order to achieve any returns on this investment (negotiating and FTA) further, far less “sexy”, policies are required: i.e. around awareness, guidance, access to financing etc.
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