The report, covering the financial year 2023-24, showcases the TRA's ability to adapt and thrive in the face of a rapidly changing global trade environment. The TRA has seen a significant rise in new trade remedies cases, progressing six new dumping or subsidy investigations - a record high since the UK's departure from the EU customs union.
"This record of delivery is down to the hard work of our people," said Oliver Griffiths, the TRA's Chief Executive. "We have continued to build up the expertise and specialism required to achieve our vision of being a globally respected trade remedies body."
The TRA's workforce has grown to around 140 staff, with an average tenure of 33 months, indicating the organisation's commitment to developing a highly skilled and experienced team. This has been reflected in the annual staff survey, where 89% of employees expressed interest in their work, and 93% felt they had the necessary skills to perform their roles effectively.
Alongside its internal capabilities, the TRA has placed a strong emphasis on external engagement, hosting the TRA Forum and expanding its digital presence to ensure businesses are aware of its services and understand the UK's trade remedies regime.
"We will be rolling out a new version of our digital Trade Remedies Service this coming year, which will provide a superior customer experience and increase our productivity," Griffiths explains. "We are taking a root and branch look at how to improve our investigations process, so that we can move faster and more efficiently while maintaining quality." The changes are building on solid foundations, with over two-thirds of stakeholders surveyed valuing the TRA for its rigour, fairness, and impartiality in investigations.
As the global trade landscape continues to evolve, the TRA is preparing for a busier future. With a rise in protectionist measures worldwide, increased use of subsidies, and a renewed focus on economic security, the TRA will be critical to defending the UK's economic interests and keeping trade fair.
Notes
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As an independent body operating at arm's length from the Department for Business & Trade, the TRA is guided in its work by its principles of proportionality, impartiality, transparency, and efficiency.
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The TRA welcomes applications for trade remedies investigations from any business operating in the UK. Read our online guidance to find out more about how to apply and what information to provide. How to make an application for a trade remedies investigation - GOV.UK (www.gov.uk)
Read the report here: TRA Annual Report and Accounts 2024 (PDF, 22.2 MB, 95 pages)
