Source · Select Committees · Business and Trade Committee
Recommendation 11
11
Accepted
Provide long-term policy certainty to businesses for greater trade with Asia.
Recommendation
The Committee, therefore, calls on the Government to provide long-term policy certainty to businesses navigating rising geo-political and regulatory complexity across the region to enable them to take up the opportunities that greater trade with Asia. It must also continue to engage, through all available channels, with Asian partners and set a clear strategic policy direction in its upcoming trade strategy. (Recommendation, Paragraph 64)
Government Response Summary
The government states its Industrial Strategy provides long-term certainty and stability, and its Trade Strategy outlines policy priorities, committing to continue engagement with Asian partners. This indicates existing frameworks address the committee's call.
Government Response
Accepted
HM Government
Accepted
The Industrial Strategy provides a credible, 10-year plan to deliver the certainty and stability businesses need to invest in the high-growth sectors that will drive our growth mission. The Government recognises the value of certainty and stability for exporters; agreements such as the UK-India FTA will provide stability as well as new opportunities in a time of uncertainty. The Trade Strategy outlines how we intend to take forward our trade policy priorities, and we will continue to engage with partners in Asia to deliver mutual trade benefits.