The trade minister Anne-Marie Trevelyan will say about how Britain will look to break down digital trade barriers. This is to help its businesses export their services. He is the country’s newly appointed trade minister also. Britain’s Department for International Trade had published a report that seeks to predict trends in global trade. The demand for digital services will double in the next decade, according to its forecast.
In a virtual speech to London Tech Week, Trevelyan’s office expects her to say as, all of them depend on digital trade. But still, the British businesses face digital barriers in countries who take a protectionist approach. She wants the UK to break down these barriers and open up new opportunities for businesses. This will lead to improved productivity, jobs and growth. Trade deals typically focus on removing goods trade barriers, but since leaving the European Union, Britain has sought to include agreements on digital trade and common standards in professional services to spur service sector growth.
The plans that Trevelyan will set out includes, enhanced consumer and intellectual property protections and promoting the development of digital trading systems. The digital sector contributed 150.6 billion pounds to the UK economy in 2019. They also wanted to make it simpler and cheaper for businesses that use data to trade internationally. This is by advocating free and trusted cross-border data flows.
