Starmer Seeks to Expand Service Exports in UK Trade Strategy

6 hours ago 1
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(Bloomberg) — The UK is seeking to increase the recognition of British professional certifications abroad, a move aimed at boosting the nation’s service-sector exports by making it easier for highly skilled employees to work for clients overseas.  

Financial Post

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Prime Minister Keir Starmer’s government said on Wednesday that it wants to use trade deals to expand the acceptance of such professional accreditations outside the UK. That could open up new markets for UK firms engaged in law, accounting, and other highly regulated occupations by removing a major hurdle for their workers.

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The priority was part of a broader international trade strategy that also included steps like expanding the green-energy industry and helping small business more easily sell their products abroad. But service-sector businesses are a crucial part of Britain’s overseas trade — accounting for a large share of exports — and they have pushed in recent years for the UK to further eliminate barriers to their expansion.

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The trade strategy roadmap is the first since the UK left the European Union and comes as Starmer’s government is seeking to strike new trade deals to spur segments of the economy. 

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It reached such an agreement with India last month that’s expected to benefit the UK’s alcoholic-beverage producers and another with the US to shelter some businesses from the punitive tariffs rolled out by the Trump administration. 

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The strategy also includes plans for a £20 billion funding boost for UK’s national export credit agency and future green-energy agreements with countries like Brazil or the Philippines. The government is also looking to expand policies to protect the country’s steel industry, according to a separate official statement.

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“We will strike more agile, targeted deals that exploit the sectors which drive the most growth for our economy,” Business and Trade Secretary Jonathan Reynolds said in a statement.

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