UK Trade Policy Review

International trade has an important contribution to make to living standards in UK. The current government has recognised this and is developing a trade strategy to set out how trade can contribute to its “growth mission”. At the same time, trade policy connects with other concerns, such as climate change and sustainability, economic security, and regional development. Trade policy is also at heart of geopolitical tensions that have escalated over the last few years.

In conjunction with Frontier Economics and the UK Trade Policy Observatory, the Centre for Inclusive Trade Policy is conducting an independent UK Trade Policy Review. This Review is intended to complement the World Trade Organizations’ (WTO) review which is due in 2025.

The Review will provide an impartial assessment of UK trade policy, based on rigorous analysis of evidence and input from policymakers, stakeholders, civil society, UK citizens and experts.

The Review will identify the UK’s approach to trade policy including the policy tools used, key priorities, policy decision-making processes, who is involved in the decision making and who benefits and who loses. It will look at sectoral case studies and provide recommendations on how to improve trade policy formulation and outcomes for productivity, growth and the economy as well as how to address pervasive policy issues, identify priorities and manage trade-offs.

Aims

This UK Trade Policy Review will focus on trade policy effectiveness and coherence with broader policy objectives and concerns.

While the WTO report focuses largely on a detailed analysis of specific trade measures and sectoral issues, our Review will address issues thematically. It will address the way trade policy interacts with key issues, such as sustainability, economic security, regional development, industrial policy in a digital age, and inclusiveness.

The Review will comprise a holistic evaluation of the UK’s trade policies, addressing a major gap in the UK trade policy formulation process.

Key Dates

Post-election roundtables

September to December 2024

Citizens Jury (Public Engagement)

November 2024

Consultation on ‘the future of UK Trade Policy’

January 2025

Citizens Jury Results

March 2025

Industry roundtable events

May 2025

Final Report published and launch events

September 2025

The Team

UK Trade Policy Review Partnership

CITP in conjunction with Frontier Economics and the UK Trade Policy Observatory.