In the financial year 2019/2020 the UK Department for International Trade (DIT) removed 175 trade barriers to trade across 61 countries worldwide, opening new global markets for British exporters. Barriers include unnecessary, legal, regulatory, or administrative requirements. This includes labelling restrictions, out-of-date regulations, and licensing requirements, says Gov.UK. It believes that according to its research liberalising market access barriers could boost British exports by £75bn per year. Breaking down market access barriers makes it easier for British businesses to trade and invest across the world. Read what some of the barriers lifted are over the past year and to prepare for changes to trading, businesses can visit GOV.UK/transition to find the information they need to take action. To give businesses affected by coronavirus more time to prepare, the UK Government will be providing extensive support for businesses including: a three-phased approach for new border controls up until 1 July 2021. Read the full press release here.
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