Trade and investment: Briefing for a new government
This briefing looks at the effects of domestic trade policies and international trade agreements, including on labour rights and public services.
Topic
WBG analysis and policy recommendations on trade
In a modern economy where ‘90 per cent of everything’ that we use and consume has been internationally traded, the effects of international trade agreements are felt by everyone in society. But the gains and losses of changing trading arrangements can be different for different groups – and it is crucial that these are measured and assessed, and more importantly, that harms are mitigated.
As a result of the UK leaving the EU, the UK is now responsible for negotiating its own trade agreements. We believe that the power of trade must be harnessed to improve equality and wellbeing both in the UK and other countries. We need to work to develop a trade system that is socially and environmentally sustainable and work against a race to the bottom.
All post-Brexit trade and investment agreements should guarantee no deterioration of environmental, human rights and labour standards in the UK and our trading partners, and they should exclude public services.
This briefing looks at the effects of domestic trade policies and international trade agreements, including on labour rights and public services.
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