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International Trade Secretary, Liz Truss, appoints Jonathan Knott as a new HM Trade Commissioner (HMTC)
As the UK announces its intention to join the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP), International Trade Secretary Liz Truss, appoints Jonathan Knott as the new HMTC for Latin America and the Caribbean region, to champion British trade with important economic partners in the region.
As HMTC for the LATAC region and Consul General São Paulo, Jonathan will look to grow trade and investment between the UK and Latin America and the Caribbean, as the UK moves forward with its new independent trade policy. Joining CPTPP would see the UK deepen its access to fast-growing markets and major economies including Mexico, Chile and Peru.
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2020 was, to say the least, an unusually active year on the trade front. While 2021 may not be as spectacularly eventful, we nonetheless anticipate several significant developments in international trade, and specifically trade related to Canada, over the coming year. COVID-19 will continue to affect global trade flows and economic growth throughout 2021. The pandemic has highlighted the significance of e-commerce and the importance of new digital trade chapters included in mega-regional trade agreements (like the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) as well as standalone e-commerce agreements. We also anticipate further East-West decoupling to impact trade through measures focused on separate supply chains for strategic technology and defence goods, as well as ESG-related supply chain legislation, such as legislation governing modern slavery and human trafficking.
Brexit timeline (Image: Express)
This month, the UK applied to join the CPTPP on the first anniversary of Britain s official departure from the EU.
This agreement would not require the UK to give up control over its own laws, borders or money unlike the EU.
But former Washington aide and commentator Peter Rough said it would be beneficial for the UK and US to be accepted into the agreement but speculated that the US is unlikely to join.
Washington aide and commentator Peter Rough told Express.co.uk: “I think it’s a great idea for Britain to join, and there’s a lot of momentum and talk in Washington that this would be a great way to counter the Chinese trade bloc, the RCEP [Regional Comprehensive Economic Partnership], in South East Asia.
New Trade Commissioner for LATAC announced miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.