The Government is today announcing that it intends to make new powers to enable the Secretary of State for International Trade to call in certain investigations conducted by the Trade Remedies Authority (TRA).
These powers will ensure that the Secretary of State for International Trade has oversight for and may direct transition review investigations where she considers it is needed. The call in power only applies to transition reviews and reconsiderations of transition reviews, and does not apply to new investigations. Where the call in power is exercised, the Secretary of State for International Trade will set out her reasons for doing so in a statement to the House of Commons.
One of the advantages of being an independent trading nation is that we can adapt our domestic rules to UK economic circumstances.
The Government will always do everything in its power to defend UK industry and jobs and to allow our world-leading companies to compete on an equal footing.
The UK has always been a strong supporter of free trade. But free trade does not mean trade without rules. Rather than restricting free trade, trade remedies can help ensure that free trade is also fair trade. All major trading nations have a trade remedies system in place and many of these allow for greater Ministerial involvement in decision making than the UK currently allows.
As announced on 30th June 2021, the Government will continue to consider whether wider changes might need to be made to the trade remedies framework to ensure it can consistently defend UK industry. DIT will continue to work collaboratively with the TRA on this process and in the application of the call in power where the Secretary of State decides it is needed.