In this podcast, I analyse the UK-US vegetable trade using the Intra-Industry Trade (IIT) index, exploring its implications for UK trade policy. I discuss the UK's trade imbalance with the US, examining factors like the low IIT index, limited domestic production, and the impact of Brexit on trade relationships. I also explore the challenges and opportunities presented by Free Trade Agreements (FTAs), non-tariff barriers, and multilateral trade strategies. Additionally, I highlight the need for investment in agricultural innovation to reduce reliance on imports and strengthen the UK's competitive position in the global market.

This podcast explores regionalism and multilateralism in trade, weighing their benefits, risks, and impact on global cooperation.