Creating a new, independent Board of Trade

The UKTBC has recommended the creation of a new independent agency that would act to DBT as the OBR does to the Treasury. Modelled on the highly regarded Swedish Board of Trade, this new agency will be accountable to the Secretary of State for Business and Trade. 

Our panellists joined the UKTBC in calling for an independent body that could contribute to the trade policy landscape in the UK. The UK Trade and Business Commission recommended that the Board should have a wide remit of work in which to engage. 

In particular the UKTBC recommend that an independent Board of Trade would;

a) Produce an annual trade report

b) Determine the impacts of trade agreements

c) Collaborate with Government and Parliamentary committees

d) Conduct an annual stakeholder survey

Witnesses

PROFESSOR L. ALAN WINTERS, Commissioner of the UK Trade and Business Commission and Co-Director, Centre for Inclusive Trade Policy

PETER HARDWICK, Trade Policy Adviser, British Meat Processors Association

SIR VINCE CABLE, former Business Secretary

PROFESSOR CLAIR GAMMAGE, Head of School, University of Exeter Law School

PHOEBE CLAY, Director, Unchecked UK