As the Labour Party entered government on 4 July 2024, they faced an international trade landscape defined by Brexit, Russian war sanctions, and highly globalised, yet insecure, supply chains.
This report examines the Labour Government’s first phase of international trade policy through the lens of its three most consequential early agreements: the UK–EU reset, the UK–India Comprehensive Economic and Trade Agreement, and the UK–US Economic Prosperity Deal.
Together, these arrangements define the Government’s emerging trade strategy and offer insight into how the Labour Government has sought to balance economic opportunity, political constraint and geopolitical risk.
This report seeks to offer a sector-by-sector overview of international trade under this Labour Government. It outlines key announcements in the EU, India and US deals, alongside timelines for enacting these promises. It assess the effectiveness of current announcements against the Government’s manifesto commitments, and offer a forward look on what is to come in international trade for each sector.
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