Wednesday, May 21, 2025

UK-EU trade relations improve as summit delivers practical wins for exporters

The UK-EU summit in London has delivered tangible benefits for businesses, particularly exporters, marking a shift toward more stable and cooperative trade relations.

Business groups, including the CBI, British Chambers of Commerce, and the Federation of Small Businesses, welcomed new measures that reduce red tape, particularly for food and drink exports. The agreement includes a permanent deal to ease checks on agri-food products moving in both directions, which is expected to cut costs, minimise waste, and boost competitiveness.

The summit also signalled progress on longstanding issues affecting business operations. These include early commitments on a youth mobility scheme, alignment of emissions trading systems, and discussions on mutual recognition of professional qualifications—all moves that could ease operational burdens and reduce friction for UK firms trading with the EU.

Simplified rules for exporting plant and animal products are expected to benefit small businesses, while ongoing conversations about business mobility and border efficiency aim to ease delays and support supply chain resilience.

Industry bodies broadly agreed that while the deal does not resolve all challenges, it sets a more constructive tone for future engagement and practical cooperation on cross-border trade.

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