Parliamentary Evidence Sessions
The APPG for Trade and Export Promotion holds Parliamentary Evidence Sessions each year on topics which assist Parliamentarians contribute to debate. We hold an open call for evidence, and welcome written contributions. Following written evidence we hold a Parliamentary Evidence Session inviting contributors to present to MPs and Peers.
If you are interested in contributing to APPG's activities or want to be involved in the evidence sessions detailed below, please get in touch at email@example.com
Evidence Session 1 (Jan 2021) Review of UK Trade Governance
Trade today impacts all walks of life. The 2018 Trade Model That Works For Everyone set out four principles of best practice: consensus building, transparency, democratic oversight, and net benefit for all. These four principles provide the foundations on which to build public trust in the trade system. Since 2018, the UK has made significant progress in establishing a governance structure and process in which to engage stakeholders outside of government. Whilst it is recognised that this is work in progress, it is believed that it is not yet on par with Chile, the EU, Mexico, New Zealand, or the US for example.
Evidence session 2 (Feb 2021) Review of UK Trade Strategy
As a major, outward facing trading nation, the United Kingdom requires a strategic framework for trade that reaches beyond free trade agreements to include all aspects of the international trade agenda; trade policy, trade promotion, investment and trade finance. Despite progress being made in building out trade relations, too often there is a lack of clarity on what the strategic framework is. As a result, trade can feel disconnected from other policy priorities where trade plays a vital role such as climate, environment, sustainability or industrial growth.
Evidence session 3 (Mar 2021) Review of UK Trade Finance
The global trade finance gap, short-term working capital to fund SME trade, has ballooned from $1.5 trillion to $3-5 trillion during the pandemic, with a £2 billion gap in the UK alone. This issue has been treated for too long as a niche banking and finance problem and as a result not been given the airtime it deserves because those most impacted are trading SMEs. The issue needs to be re-framed, placing SMEs at the centre of the discussion and looking at the issue through the lens of ensuring economic recovery is got right. If trade is to be at the heart of the recovery, then the working capital has to be available to SMEs to enable them to trade.
Evidence Session 4 (October 2021) Aligning Trade Rules to Meet Climate and Environment Goals
To meet our goals on net zero emissions and the environment will require unprecedented policy coherence. Trade should act as an enabler to achieving our global goals for protecting the environment and achieving net zero.
Internationally, over 40 governments including the UK are undertaking a review of trade agreements and how they align to global environment and climate objectives. However, this exercise will not cover 2-3,000 bilateral trade agreements negotiated at national level. This joint evidence session with the APPG on Environment will undertake to mirror global efforts to align frameworks and examine the friction points where UK bilateral trade rules conflict with, or hamper, our environmental and climate objectives.
Report to be published in November 2021.