Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Government ministers set to take role in trade disputes

by March 10, 2023
March 10, 2023
Government ministers set to take role in trade disputes

Ministers will take greater powers in tackling unfair trade practices, reducing the role of an independent body set up after Brexit to adjudicate disputes.

In a move welcomed by industry, Kemi Badenoch, the business and trade secretary, announced changes to the way in which Britain investigates unfair practices.

The Trade Remedies Authority was established in 2021 after Britain’s departure from the European Union to help to protect businesses from unfair international competition and unforeseen surges in imports.

The changes would give the government powers to decide the outcome of the authority’s investigations.

Announcing the proposals, Badenoch said they would maintain the “TRA’s expert independent analytical and investigative role, while also giving ministers greater power to look at wider public interest considerations”. She said it would deliver the “flexibility to make decisions that balance the interests of UK producers, importers and consumers” and would allow ministers “to apply an alternative remedy from that recommended by the TRA”.

The government has responsibility for setting trade remedies policy, within international rules established by the World Trade Organisation.

Gareth Stace, director-general of UK Steel, the trade association, said the reforms were “hugely significant for UK industry, making the UK’s trade remedies regime more balanced, flexible and truly allowing for decisions to be made in the best economic and public interest of the UK”.

Separately, the European Commission was said to be on the verge of releasing details of green industrial subsidies and tax breaks in response to the $369 billion of subsidies envisaged by President Biden’s Inflation Reduction Act in the United States.

Read more:
Government ministers set to take role in trade disputes

0
FacebookTwitterGoogle +Pinterest
previous post
In New Jersey, cancer-stricken casino dealers push for Atlantic City smoking ban
next post
Extended life for two UK nuclear power stations

You may also like

UK retailers boosted by November sales of winter...

December 6, 2022

Tax relief system needs overhaul to prevent abuse,...

July 26, 2023

Five-year mortgage rates average 6% for first time...

July 4, 2023

A Life of Lights, Labor, and Legacy: The...

April 27, 2025

Government-backed Taskforce is tackling the North East female...

March 12, 2023

Maersk pauses shipping operations in Red Sea indefinitely...

January 3, 2024

Oil prices could double if Red Sea shipping...

January 5, 2024

Canary Wharf introduces eels and songbirds to boost...

October 4, 2024

An Interview with Jonathan Bergsma: Charting New Courses

April 28, 2025

Global supply chains brace for shock as Trump’s...

February 4, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump ally stands firm against ‘big, beautiful bill’ despite pressure: ‘It’ll completely backfire’

      June 8, 2025
    • Rubio condemns assassination attempt on Colombian presidential candidate Miguel Uribe

      June 8, 2025
    • Obama WH physician says Biden doc should have performed cognitive test

      June 8, 2025
    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,571)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved