Source · Select Committees · Business, Innovation, Science and Trade Committee
Recommendation 60
60
In today’s volatile geopolitical climate, the UK must be able to defend itself against economic...
Recommendation
In today’s volatile geopolitical climate, the UK must be able to defend itself against economic coercion from hostile actors. The Trade Strategy correctly recognises that today’s trade remedies system does not adequately protect us against emerging economic threats. As economic coercion becomes more prevalent, the Government must go further and consider whether a new framework is now required to adequately protect the UK from coercive economic practices. (Conclusion, Paragraph 198)