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Trade policy animated videos
Our animated videos help to explain the effects of trade policy. This video explains direct and indirect ways of trading services internationally, and looks at the implications for trade policy, particularly trade agreements.
For more trade explainers, visit our animations page.
Briefing Paper 73 – THE CHALLENGES FACING UK FIRMS: TRADE AND SUPPLY CHAINS
New analysis presented in our Briefing Paper, The challenges facing UK firms: Trade and supply chains reveals that UK businesses are struggling with increased costs, labour and skill issues and supply shortages following the UK’s departure from the European Union. The authors of the Briefing Paper analysed over 2,800 responses to three surveys issued by the British Chambers of Commerce (BCC), to help produce a long-term perspective on the challenges facing UK businesses. They examine the main challenges and opportunities reported by businesses over 2021 and 2022 and two specific trade-related areas. The first is on the difficulties and advantages for businesses arising from the EU-UK Trade and Cooperation Agreement (TCA). The second is on supply chain challenges. The results show that as a result of the TCA, UK businesses are reporting significant difficulties and disadvantages, including increased red tape, bureaucracy and costs as well as shipping and transport issues. Such increases inevitably lead to both shortages of products and rises in prices for the UK public. Read Briefing Paper 73: THE CHALLENGES FACING UK FIRMS: TRADE AND SUPPLY CHAINS
Briefing Paper 74 – THE UK’S NEW (AND IMPROVED?) DEVELOPING COUNTRIES TRADING SCHEME
This year, the UK Government will replace its current preferential trading scheme for low and lower-middle income countries with the Developing Countries Trading Scheme (DCTS). This Briefing Paper looks at and evaluates two key changes in the DCTS: changes in the eligibility criteria for the Enhanced Preferences sub-scheme, and changes in the rules of origin to use preferences under the Comprehensive Preferences sub-scheme offered to Least Developed Countries (LDCs). Using a novel RoOs Restrictiveness Index, the authors find that the RoOs under the DCTS are, on average, less restrictive than those under the former scheme. They also conclude that most benefits are likely to be accrued by LDCs both in the short and long term due to more lenient rules of origin, extended cumulation rules, and being eligible for the Enhanced DCTS if they graduate from LDC status. Read Briefing Paper 74: THE UK’S NEW (AND IMPROVED?) DEVELOPING COUNTRIES TRADING SCHEME
Briefing Paper 75 – JOINING THE CPTPP: ECONOMIC OPPORTUNITIES AND POLITICAL DILEMMAS OF FUTURE EXPANSIONS FOR THE UK
In this Briefing Paper, its authors consider the potential economic opportunities for the UK arising from the current CPTPP in comparison with the likelihood of further expansion in the future. They evaluate the UK’s economic opportunities with both current and potential CPTPP members, including trade in goods, trade in services, supply chain relationships and rules of origin. They also compare the CPTPP’s policies, with those of current and potential CPTPP members and explain why the UK Government should develop and articulate a strategic plan based on the political reality surrounding the CPTPP. Read Briefing Paper 75: JOINING THE CPTPP: ECONOMIC OPPORTUNITIES AND POLITICAL DILEMMAS OF FUTURE EXPANSIONS FOR THE UK.
