Weekly Events Blog: 16-17 May 2022 | IPT

Beyond Trade Deals: The Importance of Trade Arrangements Outside Deals

On Monday 16 May 2022 the Industry and Parliament Trust (IPT) hosted a dinner event between parliamentarians and industry representatives entitled, ‘Beyond Trade Deals: The Importance of Trade Arrangements Outside Deals.’ The discussion was chaired by Nick Thomas-Symonds MP, Shadow Secretary of State for International Trade and we welcomed guest Jonathan Brenton, Head of International Trade, Pernod Ricard and Kevin Shakespeare, Director of Strategic Projects & Int Development, Institute of Exports & Int Trade. The discussion focused on the challenges of international trade.

Key discussion points:

  • There is a need to diversify trade, if countries specialise in the production of certain goods and then trade with other countries economic welfare will increase. Countries will naturally specialise in those industries where they have a comparative advantage and having easy access to foreign trade markets will be mutually beneficial.
  • Encouraging exports is great in creating trade corridors, as is providing essential knowledge about trade and exporting. However, there isn’t enough focus on tackling the market access barrier faced by developing countries exporters are not decreasing for some of their most important export sectors. LDCs are especially at risk.
  • Multilateral trade agreements have an important role in establishing ground rules between a group of counties but often lack teeth as they must be agreed between so many parties. Therefore, bilateral trade agreements can work in conjunction by creating a more in-depth, mutually beneficial agreement between two countries.

Tackling the Housing Crisis: The Role for Modular Housing 

On Tuesday 17 May 2022 the Industry and Parliament Trust (IPT) hosted a dinner event between parliamentarians and industry representatives entitled, ‘Tackling the Housing Crisis: The Role for Modular Building’. The discussion was chaired by Ben Everitt MP, Select Committee on Levelling Up, Housing and Communities and we welcomed Lydia Whitaker, Head of Planning, BoKlok UK. The discussion focused on the role modular building could play in easing the housing crisis, providing fast, high-quality and energy efficient housing

Key discussion points:

  • The role modular housing could play in tackling the housing crisis, including provision of social housing.
  • How to incentivise the modular projects including the role of grants, tax breaks and subsidies and the role of the planning process.
  • How to ensure that skills and retraining is available to ensure digital literacy, new software awareness and knowledge of offsite manufacture.