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Britain to build new flagship to promote trade By Reuters

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© Reuters. FILE PHOTO: Union Jack flag flies above a Unionist mural in Larne, Northern Ireland December 30, 2020. Picture taken December 30,2020. REUTERS/Phil Noble

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LONDON (Reuters) – Britain is to build a new flagship to promote its enterprise and trade pursuits all over the world, the federal government stated on Saturday, in a transfer it stated would additionally increase the ailing shipbuilding business.

Britain stated the ship, as soon as constructed, would host excessive degree trade negotiations and trade reveals, and the price of the undertaking could be confirmed as soon as manufacturing contracts had been tendered.

“This new national flagship will be the first vessel of its kind in the world, reflecting the UK’s burgeoning status as a great, independent maritime trading nation,” Prime Minister Boris Johnson stated.

The authorities stated it might be the primary nationwide flagship since HMY (Her Majesty’s Yacht) Britannia was decommissioned in 1997.

A flagship to promote world trade has lengthy been advocated by proponents of Brexit, who spotlight the chances for new free trade agreements now Britain has left the European Union.

Critics, nonetheless, level to disruption to trade with the EU, Britain’s greatest export market, following the nation’s departure from the EU’s orbit in the beginning of the 12 months. There has additionally been an impression on intra-UK trade from Great Britain to Northern Ireland.

The authorities stated the title of the ship could be introduced in the end. The Sunday Telegraph reported this month it might be named after Queen Elizabeth’s late husband Prince Philip.

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