UK Trade Deals
The Briefing Room
BBC
4.8 • 731 Ratings
🗓️ 24 November 2022
⏱️ 30 minutes
🧾️ Download transcript
Summary
‘We will now open a new chapter in our national story, striking free trade deals around the world’ said Boris Johnson in December 2020 after the UK struck a deal with the European Union for relations after Brexit. The government say these new deals will help level up the UK, cut red tape, provide better investment opportunities and open new digital markets. But, nearly three years after leaving the EU, what deals have we negotiated, are they providing the benefits we were promised and what challenges lie ahead?
Joining David Aaronovitch in The Briefing Room are: Dharshini David, BBC Global Trade correspondent Sam Lowe, partner at Flint Global, a business advisory service where he runs the trade and market access practice David Henig, Director of the UK Trade Policy Project Peter Foster, Public Policy Editor of the Financial Times
Producers: Ben Carter, Kirsteen Knight and Daniel Gordon Editor: Simon Watts Studio manager: Rod Farquhar Production co-ordinators: Siobhan Reed & Helena Warwick-Cross
Transcript
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| 0:00.0 | BBC Sounds, Music, Radio, podcasts. |
| 0:10.8 | I'm David Ronovich. Welcome to the briefing room, the space in the metaverse, where you, me, the top experts and a big subject get together for 28 minutes. |
| 0:24.1 | This week, remember trade deals? Getting better ones was going to be one of the big benefits of Brexit. So, nearly three years on, |
| 0:29.8 | what have we negotiated and how have we done? We will now open a new chapter in our national story striking free trade deals around the world, |
| 0:42.2 | said then Prime Minister Boris Johnson in December 2020. Today, his successors claim these deals |
| 0:49.3 | will help level up the UK, cut red tape, provide better investment opportunities and open new digital markets. |
| 0:57.3 | So, nearly three years after leaving the European Union, what deals have we negotiated? |
| 1:03.4 | How good are they? And what remains to be done? |
| 1:06.4 | Step inside the briefing room and together we'll find out. |
| 1:20.0 | Before we get into the intricacies of the individual deals we've negotiated or are in the process of negotiating, we wanted to get an idea of broadly how things have changed post-Brexit |
| 1:25.9 | and how important trade is for our overall economic health. |
| 1:30.3 | To find out, the briefing room's Ben Carter spoke to Darshini David, the BBC's global trade correspondent, |
| 1:36.5 | an author of The Almighty Dollar. |
| 1:39.3 | Darshini, how did we trade with the EU before Brexit? |
| 1:43.5 | Before Brexit, we never really asked ourselves the question of how we traded with the EU. |
| 1:48.8 | Because we were all part of the same club, it was seamless. |
| 1:51.9 | There were no tariffs charges on goods crossing borders. |
| 1:54.5 | There were no quotas. |
| 1:55.8 | Still aren't. |
| 1:56.6 | But on the other hand, we also had the same regulations, the same standards. |
| 2:01.7 | We'd signed up to have the same kind of rules and laws in place, |
| 2:05.8 | which means we didn't have to think about whether or not things were compatible with each other. |
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