Uk Trade Ranking

Trump calls US-UK trade deal 'comprehensive', vows lasting partnership

Trump earlier in the day said that Thursday would be a very big and exciting day for the United States and Britain, and that there would be a news conference at 10 ET (1400 GMT)

UK trade secy Jonathan Reynolds to visit India in Feb for FTA talks

Britain's Secretary of State for Business and Trade, Jonathan Reynolds, on Monday revealed plans to visit India next month with a focus on finalising the Free Trade Agreement (FTA) negotiations as part of the UK government's ambition to elevate the bilateral partnership across all sectors. Addressing India Global Forum's (IGF) annual UK-India Parliamentary Lunch at the House of Lords complex in London, Reynolds highlighted the strength of the bilateral trading relationship which stood at GBP 41 billion in the year until September 2024. However, the Cabinet minister went on to reaffirm the British government's commitment to improve trade between India as the fifth and the UK as the sixth largest economies of the world. I want to reaffirm the UK's commitment to deliver growth for both countries through the trade deal that we're talking about, through the Comprehensive Strategic Partnership and the Technology Security Initiative; and I can let you know exclusively, I hear what you say

Britain's Treasury chief in China to revive economic, financial talks

Britain's Treasury chief is travelling to China this weekend in a bid to boost economic and financial cooperation between the countries, as the UK's Labour government seeks to reset strained ties with Beijing. Rachel Reeves will seek stability in the United Kingdom's relationship with China and aim to help grow Britain's lackluster economy, the Treasury said on Friday. She will travel to Beijing and Shanghai and meet with her Chinese government counterpart, Vice Premier He Lifeng. A focus of Reeves' trip is reviving the China-UK Economic and Financial Dialogue annual bilateral talks that have been suspended since 2019 due to the COVID-19 pandemic and deteriorating relations in recent years. The British side wants the dialogue to help bring down barriers that UK businesses face when looking to export or expand to China. The talks were shelved after ties soured following a series of spying allegations from both sides, China's support for Russia in the Ukraine war and a crackdown on

UK trade body opens review into 13% import duty on PET plastics from India

The UK's Trade Remedies Authority (TRA) has initiated a transition anti-subsidy review of a countervailing measure on imports of polyethylene terephthalate (PET) plastics from India, to assess whether the nearly 13 per cent duties should continue to be applied. TRA, an independent arm's length body of the government's Department for Business and Trade, will consider whether the importation of the subsidised goods subject to review would be likely to continue or recur if the countervailing amount were no longer applied to those goods. It will also consider whether injury to the UK industry in the relevant goods would be likely to continue or recur if the countervailing amount were no longer applied to those goods. Countervailing measures are the UK's one of three trade policy tools to counter imports which are "causing or threatening injury" to domestic industry, the other two being anti-dumping and safeguard measures. Countervailing, or counteracting, measures address imported good

Possible outcomes of India-UK trade deal

India faces complex negotiations ahead that could restrict domestic policy space and economic interests

UK trade minister to seek closer ties on US trip, deal remains distant

Trevelyan will meet US Trade Representative Katherine Tai and US Commerce Secretary Gina Raimondo in Washington on Tuesday

UK keeps top financial sector global ranking, Brexit seen as risk

The body, which promotes Britain as a financial centre netted a total trade surplus of $93.6 billion in 2016