Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Eyeing post-Brexit trade deals, Britain looks to train school-leavers as future negotiators

Published 07/14/2019, 07:16 PM
Updated 07/14/2019, 07:22 PM
Eyeing post-Brexit trade deals, Britain looks to train school-leavers as future negotiators

By Kylie MacLellan

LONDON (Reuters) - As Britain prepares to carry out its own trade negotiations for the first time in decades, the government has launched a scheme to recruit and train school-leavers as future commerce experts.

The Department of International Trade, which was created after the 2016 vote to leave the European Union, said its two-year scheme would include placements with teams working on future trade deals and supporting British companies exporting.

"As we leave the European Union and take up trade in our own right as a policy, we have had to develop all the skills to be able to do that," trade minister Liam Fox said at the launch of the scheme, as school children taking part in a mock trade negotiation noisily bartered over products in the background.

"I wanted young people in particular to look at the world of trade and say 'that is a profession I would like to go into, that is something I would like to do as a career.'"

Britain cannot formally sign trade deals with other countries until it has left the European Union but has been working to amass expertise, replicate agreements it is part of as a member of the EU and lay the groundwork for new deals.

Those applying for the scheme, which will pay around 30,000 pounds ($37,600) a year, do not need to have any qualifications. The department expects most candidates will either be 18-year-old school-leavers or people wanting to switch careers.

It will also include a six-month posting in one of Britain's trade offices around the world.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

"If you want to sell Britain properly you have to know what Britain has to sell but you have to also understand the markets that we are selling into," Fox told Reuters.

Britain's Chief Trade Negotiation Adviser Crawford Falconer, who previously worked as New Zealand's Chief Negotiator, said the scheme was not about filling a gap in trade negotiating talent in Britain.

"We have got plenty of trade negotiating talent but what we need to have is greater diversity and greater choice and for people to enter at a younger age," he said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.