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FDF releases new strategy to boost trade & improve affordability of food

10th Jun 2022 - 06:00
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The Food and Drink Federation (FDF) has published a Trade and Investment Strategy that champions the interests of the UK food and drink industry.

The new strategy aims to deliver growth in communities across the country alongside strengthening choice and affordability for UK households at a time of rising inflation. The UK Government is poised to take advantage of the opportunities presented by the UK’s independent trade policy and ability to strike new trade deals around the world.

The FDF’s aim is to maximise the benefits of food and drink trade by driving up exports, ensuring the UK is a global hub for innovation and R&D investment, and ensuring that imports support consumer choice, affordability and the UK’s food security.

Karen Betts, chief executive of the FDF, said: “Our report looks at how government and industry put food and drink at the heart of the UK’s new, independent trade policy, and ensures this supports companies in our sector to grow and thrive. Trade is also a means of curbing rising costs, which is particularly important now at a time of soaring inflation.

“This strategy sets out the strong partnership we want to continue to foster with the UK Government and Devolved Administrations, so our industry can play its full role in growing UK exports and in using trade to deliver economic growth and prosperity across the UK, to communities up and down the country.”

The strategy highlights the importance of imports both for the UK’s food supply and as a key component to expand long-term growth in sustainable value-added exports, ensuring innovation and the creation of new jobs.

Secretary of State for the Department for Environment, Food and Rural Affairs George Eustice MP, added: “Our food industry is bigger than the automotive and aerospace industries combined – and more evenly dispersed across our country. There are opportunities for our food and drink businesses in markets around the world, and we want everyone to be lining up to buy British. I look forward to working with the sector to ensure that businesses across the UK can take advantage of the opportunities ahead.”

Read the full report below. 

Written by
Edward Waddell