TRA releases 2024-25 Annual Report and Accounts and outlines how it is building stronger trade defences.
The Trade Remedies Authority (TRA) has today published its Annual Report and Accounts for 2024-25, highlighting its work protecting UK businesses from unfair trading practices.
Trade remedies (also known as trade defence instruments), are measures put in place to help protect UK businesses from unfair imports. Trade remedies include anti-dumping, countervailing and safeguard measures.
The report details how the organisation has continued to investigate and review cases involving imported goods being sold at unfair prices (dumping) or subsidised imports that could harm UK industry.
During 2024-25, the TRA has:
- initiated reviews on schedule for the last of the 43 trade remedy measures the UK transitioned from the EU system. So far, after carrying out its reviews, the TRA have retained 25 of 30 of those transitioned measures to protect UK businesses against unfair international trading practices.
- successfully completed five new dumping and subsidy cases on behalf of UK industries which had approached them to make an investigation into possible unfair imports.
- begun preparing industries for the expiry of current measures that will reach their final year in 2026, so that they can seek extensions if they believe the measures are still needed.
Newly appointed Chief Executives Carmen Suarez and Jessica Blakely said:
This year's report demonstrates our ongoing commitment to supporting fair trade for UK businesses. By conducting thorough and impartial investigations, we are helping to create a level playing field in international trade and defend the UK's economic interests.
The report also outlines the TRA's financial performance and governance arrangements for the year and how the TRA has adapted to new challenges and demands as a still young organisation. The TRA is exploring further improvements to its investigations processes which will bring efficiencies in the coming years and ensure the organisation continues to support a thriving UK economy.
The full Annual Report and Accounts 2024-25 can be found here .
Notes
- 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.
- 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.
- The TRA's Trade Remedies Advisory Service can be contacted on:
