Anyone with experience of trade deals will tell you that the biggest challenge is not removing tariffs but removing the regulatory barriers to trade.
The Financial Services sector has been urging the UK and EU to quickly come to an agreement, with a memorandum of understanding said to be expected in March. While equivalence remains a pipe dream for the UK, both sides have pressed on with their own agenda aimed at reshaping the European fund industry.
This week, the Government published its long-awaited response to the consultation on proposals to establish ten Freeports across the UK. The initiative is identified as a strategic priority as ministers seek to kickstart the UK’s economic recovery, and deliver on its stated ambition of ‘levelling up’ towns, cities and regions considered to have been left behind.
The response from industry, based on our discussions with business leaders over recent days, has been overwhelmingly positive. The consensus is that the Government’s thinking now goes far beyond what was originally conceived – constituting a comprehensive and holistic approach with the potential to make serious waves.
After Brexit, our attention to UK trade policy has focused mostly on future FTAs, and in particular trade negotiations between the UK and the EU. But another front has quietly been opened.
Hume Brophy today announces the appointment of former Special Advisor to Tánaiste Simon Coveney TD, Caitríona Fitzpatrick, as Senior Account Director in its Public Affairs Team.
Hard Brexit proponents in the UK extol the virtues of leaving the EU without a deal on what is known as ‘WTO terms’. It is argued that much of global trade already takes place on such terms and there is nothing to fear about the UK falling back on this structure.
The number of companies that have successfully listed in Europe recently, and the list of those that are expected to go public in the near future is under-pinning indications of a very health stock market sector.