The CBI has identified areas in the short, medium, and long-term where business and government can work together to ensure that trade helps to restart, revive, and renew the UK economy.
These efforts should build on the unprecedented co-operation between government and business during the crisis and be linked to wider domestic policies to rebuild the UK economy.
The international health crisis of coronavirus has had a dramatic impact on international trade, with steep falls in trade volumes, significant interruptions in supply chains and proliferation of trade restrictions.
In the short-term, to help international trade restart the UK economy, priorities are keeping trade moving or maintaining capacity for when recovery comes.
In the medium-term, to help international trade revive the UK economy, priorities remain securing trade continuity with a comprehensive EU trade deal which avoids significant new burdens on UK exports of goods and services, continuity of UK’s existing trade deals and short-term commercial wins to boost confidence and generate growth.
In the longer-term to help international trade renew the UK economy, priorities are implementing a 10-year strategy for the UK’s newly independent trade policy and, on a global level,
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