"How exactly will the Biden Administration navigate divergent interests of key regional allies when it comes to competing and/or cooperating with China?"
UK government escalates deregulation as corporations cut pay and conditions
The British government’s post-Brexit deregulation agenda is accelerating. The closing of the freeport (free trade zone) bidding process and the government’s recent recalibration of its plans for workers’ employment rights, followed quickly by an application to join the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) trade agreement, signals an intensified class war policy.
Margaret Thatcher’s former Chancellor Nigel Lawson spelled out the post-Brexit agenda in 2016. Her economic transformation, he wrote, “was done by a thoroughgoing programme of supply side reform, of which judicious deregulation was a critically important part,” but this was now “bound by a growing corpus of [European Union] regulation.”
10 February 2021
Trade ministers from the United Kingdom and Peru met on February 4 2021, to chart a new course for our historically close trading relationship.
They welcomed the ratification of the UK-Andean Countries Trade Agreement and agreed to use it to find new opportunities to increase trade and investment flows, modernise markets, reduce trade barriers and diversify trade in goods and services, with a specific focus on agribusiness, greening our economies and protecting the environment.
Ministers agreed to work together to address the great global challenges that face us:
On Covid recovery, Ministers were clear about the continued role of free and open trade in ‘building back better’ and considered that the UK-Andean Countries Trade Agreement will help the recovery of our businesses, particularly small and medium enterprises. They highlighted UK support to Peru through the International Programme Fund, facilitation of access to vaccines, donation of ventilators and re