Trade and development
Trade doesn’t just benefit the UK. Developing countries also have much to gain. The available evidence suggests that open economies have faster growth rates than closed economies.
Creating market access entails the removal of trade barriers, and the opening up of new markets and opportunities on the basis of a level playing field for producers and consumers alike, where all can compete freely and fairly for the benefit of all.
Trade doesn’t just benefit the UK - developing countries also have much to gain. The available evidence suggests that open economies have faster growth rates than closed economies.
Gains for developing countries do not come solely through improved access for their exports. Developing countries can potentially benefit greatly from integration into the global market if they also open their own markets, but the sequencing and scope of such liberalisation has to be carefully managed.
The Trade Policy Unit's trade and development team aim to help create competitive economies across the globe. At its core, Aid for Trade is about the faster and cheaper movement of goods and about creating opportunities for developing countries to grow and develop through trade. Key outcomes include reducing border delays, increasing exports, export income and productivity, raising standards and making traders more competitive.
