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Britain Has Removed 175 Trade Barriers With 61 Countries To Boost Exports After Brexit

Britain Has Removed 175 Trade Barriers With 61 Countries To Boost Exports After Brexit

The UK authorities removed 175 trade barriers with 61 countries before the end of the Brexit transition period, the Department for International Trade (DIT) trade said in a statement.

"During the 2009-2020 financial year, the Department for international trade removed 175 trade barriers to trade with 61 countries, opening up new global markets for British exporters," the report said.

These are unnecessary legal, regulatory, and administrative requirements that include labeling restrictions, outdated rules, and licensing requirements.

"British businesses can now export and invest in global markets more freely and openly," the Ministry said.

The government estimates that removing barriers could boost British exports by 75 billion pounds a year.

Among the lifted restrictions are the lifting of the ban on beef and lamb exports to Japan, which is estimated at about 127 million pounds in the first five years of access; the removal of barriers to fish exports to Brazil, the abolition of strict product labeling rules in the UAE, and others.

The UK left the EU on January 31. Until the end of this year, the transition period will continue, during which the parties are trying to agree on a model for their future relations. At this time, EU rules continue to apply to the country. But it does not participate in the decision-making process in the Union and continues to make contributions to the EU general budget. If the parties fail to reach an agreement by the end of the year, their relations will switch to a "hard" format.

In the financial year 2019/2020, the Department for International Trade (DIT) has removed 175 trade barriers to trade across 61 countries worldwide, opening new global markets for British exporters.

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