UK to announce creation of four major new trade and investment hubs



MENAFN - Caribbean News Global

LONDON, England – The UK to create four major new trade and investment hubs in Scotland, Wales, Northern Ireland and the North-East of England to boost trade and investment and level-up the country.

The international trade secretary will make the formal announcement on March 23, 2021, according to a press release from the Department for International Trade:

‘The trade hubs in Edinburgh, Cardiff, Belfast and a new second major DIT site in Darlington, will be established as part of a new strategy to boost exports and bring the benefits of the government’s global trade policy to the whole of the UK, including benefits from future free trade agreements with the US, Australia, New Zealand and CPTPP.

‘They will mean exporters have a direct feed into UK trade policy, and can better take advantage of opportunities in fast-growing markets like the Indo-Pacific region. The trade hubs will also create a critical link between the regions and the resources of the Office For Investment – a joint initiative with the prime minister’s office – to channel investment money into every UK nation and region.’

To read the full article from MENAFN, please click here