Government publishes policy paper on preparing for future UK trade policy

The government has published a policy paper on exploring the UK's emerging approach to establishing an independent international trade policy as we exit the EU.

The paper has 2 parts:

1. the first part outlines the world in which the UK trades and the role of trade in an economy that works for everyone

2. the second part outlines the basic principles that will shape our future trading framework, and our developing approach to a future trade policy

The latter includes 5 important components, and some specific areas where we are preparing the necessary legal powers now to ensure we are ready to operate independently as we exit the EU.

The paper welcomes views both on the specific legal powers we are seeking in this first step and on our broader developing approach.