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Being a Sovereign nation allows a country to make Trade deals on its own account. Pre 2020 the EU had negotiated across the globe for all its members collectively, it was one of its founding principles. The single entity selected markets that would benefit and enhance the union. It was an ambitious grouping of countries with enormous economic power and influence to make, negotiate and agree strategic trade agreements.
Following the succession of the United Kingdom from the EU, the country has been free to engage with countries and trading blocs on its own account. It has sought continuation agreements to replace the same agreements the other countries and blocs already had with the EU but this time, on behalf of and for the UK. Equally it has sought to expand its trading terms with a considerable number of other nations as it resumes its place as a trading nation and its ambition to be a Global Britain.
Firstly, re-taking a place as a credible trading nation is a challenge. The world has changed from the days of the Empire, equally so from when the UK joined the Union in 1973. Alliances, disputes, wars and issues are varied, complex and volatile. Trade has changed. We live and trade in a world of digitisation, climate change, migration and technological advances across all sectors including Space needing traders to adapt to constantly changing circumstances.
Secondly, and in spite of the impression of Free Trade, the increase in documentary requirement and evidence belies the term. Export skills had not been needed for intra sales between the UK and the EU and so it is a steep learning curve.
And lastly… maintaining relationships with the EU. How we move forward as a country could temper of attitudes to negotiating and formalising agreements with the UK. Strategic groupings and individual countries may feel that the UK is a disruptor rather than a perfect partner.
As a non-public sector organisation, we are not motivated to achieve targets. Consequently, we have the freedom to offer impartial support and advice to our members and the wider international trade sectors.
As a non-public sector organisation, we are not motivated to achieve targets. Consequently, we have the freedom to offer impartial support and advice to our members and the wider international trade sectors.
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