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PARLIAMENTARY WRITTEN QUESTION
Service Industries: Trade Agreements (26 May 2021)

Question Asked

To ask the Secretary of State for International Trade, what steps she is taking to promote professional business services in free trade agreements.

Asked by:
Dr Kieran Mullan (Conservative)

Answer

The UK is a world leader in professional and business services. In 2019, the UK exported £63 billion of professional and business services (PBS), with a trade surplus of £34 billion.

To support the success of this important and diverse sector, the Department for International Trade is seeking ambitious commitments in its free trade agreements (FTAs) on cross-border trade in services, investment, mobility, and digital trade, which will reduce trade barriers, and provide certainty and transparency for UK professional and business service suppliers.

The Government is also using FTAs to foster regulatory dialogue and collaboration across all PBS sectors. This can help reduce administration and costs for UK professionals and firms seeking to supply services overseas.


Answered by:
Greg Hands (Conservative)
11 June 2021

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