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New trade deal will deliver for UK plc in the long term, says Logistics UK


Following the Prime Minister’s announcement of the new UK trade deal with the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) last week (31 March 2023), Logistics UK has said that while it may only deliver modest benefits in the short term, the deal’s impact on the UK economy over the long term promises to be significant.

“The UK’s accession to the CPTPP may only yield small benefits to the nation’s businesses in the short term, but the access to innovation and increased productivity which the deal will deliver longer term will be of benefit to the overall health of the UK economy,” said Kate Jennings, Logistics UK’s Director of Policy.

“As a nation with longstanding and excellent trading links worldwide, UK plc stands ready to benefit from the opportunities the new agreement will provide thanks to the country’s interconnected supply chain. The success of the agreement will stand on improved access to high growth markets, including simplification of customs processes and future opportunities to digitise the movement of goods to speed connections between the UK and the 11 nations involved.”

*www.logistics.org.uk/brexit

Published On: 06/04/2023 15:00:43

 

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In brief

NEW GOVERNMENT DEPARTMENT REACHES OUT TO LOGISTICS

The newly created Department for Business and Trade (DBT) is reaching out to the logistics industry to ask it to share its views about its work and remit. The new Department aims to be the foremost business voice for UK business in government. To help inform and support the DBT transition team as it builds the new Department, it is asking Logistics UK members to complete a short survey. All information gathered in this survey will be treated confidentially.

To complete the survey, please visit the link below.

SURVEY LINK

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