KEMI Badenoch has signed a historic UK-Italy export deal in Rome.
The new Business and Trade Secretary hailed the first such post-partnership between the UK and any EU country, which will boost green tech and sciences by billions.
Italy’s Minister for Foreign Affairs Antonio Tajani and Britain’s Secretary of State for Business and Trade Kemi Badenoch seal the deal in Rome
It will slash red tape that prevent businesses from selling to Italy, and help make it easier for businesses to work there, adding to the £43billion in trade already done between the two nations.
The UK’s life sciences, carbon capture and other green tech sectors are to see a boom from the deal.
Ms Badenoch said: “This partnership marks a significant milestone in the UK’s trading relationship with Europe and shows how an independent UK can benefit from striking ambitious trade deals with the world, while also reinforcing our already strong and prosperous trading relationship with EU members such as Italy.
“This partnership will boost trade and investment between British and Italian businesses, ease the path for valuable investment, and will crucially grow UK exports as we aim for our target of selling £1 trillion of goods and services a year to the world by the end of the decade.”
She will fly out today to Mexico as Britain edges close to two deals there.
Ministers are close to the final stages for the Indo-Pacific deal – dubbed the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and are also in talks about a new bilateral UK-Mexico deal, which could cut the price of cars, telecoms and sound equipment.
