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What will be the impact on digital trade costs for UK businesses by the end of 2024?
2
Resolution / Starting Odds
Costs decrease by over 20% • 25%
Costs decrease by 10-20% • 25%
Costs decrease by less than 10% • 25%
No significant cost decrease • 25%
Reports from UK business associations and government statistics
Story
UK and 90 Countries Finalize Groundbreaking WTO Digital Trade Agreement, Cutting Costs
Jul 26, 2024, 07:21 AM
The UK and 90 other countries have finalized a groundbreaking global digital trade agreement at the World Trade Organization (WTO). This agreement, which has been in negotiation for years, aims to make global trade faster, cheaper, and more secure for businesses, workers, and consumers. The agreement is seen as a significant step in Britain's efforts to position itself as an outward-looking trading nation, cutting costs for business.
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Improved relations • 25%
No significant change • 25%
Increased tensions • 25%
Trade war • 25%
Improved significantly • 25%
Improved slightly • 25%
No change • 25%
Deteriorated • 25%
Increase in trade • 33%
Decrease in trade • 33%
No significant change • 33%
Amazon • 25%
eBay • 25%
ASOS • 25%
Other • 25%
Significant deterioration • 25%
Minor deterioration • 25%
No change • 25%
Improvement • 25%
Less than £3 billion • 25%
£3 billion to £5 billion • 25%
More than £5 billion • 25%
No significant impact • 25%
Increase • 25%
No Change • 25%
Decrease • 25%
Significant Decrease • 25%