Britain's officials are re-evaluating the country's post-Brexit trade strategy, moving away from large free trade agreements with nations like the US and India. Instead, the government plans to target more modest agreements, particularly to recognize foreign professional qualifications beneficial for the UK's services sector. Business Secretary Jonathan Reynolds emphasized that the country must navigate the new geopolitical landscape while promoting national interests. While the government remains open to tariff negotiations, it faces criticism over recent deals and their implications for economic growth.
The UK is an open trading nation but we must reconcile this with a new geopolitical reality and work in our own national interest.
Broad and complex trade deals like we secured with India will bring billions to our economy every year but to deliver our plan, we will strike more agile, targeted deals.
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