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Britain to build new flagship to promote trade

SportMay 30, 2021 12:00
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2/2 © Reuters. Union Jack flag flies above a Unionist mural in Larne, Northern Ireland December 30, 2020. REUTERS/Phil Noble/Files 2/2

LONDON (Reuters) - Britain is to build a new flagship to promote its business and trade interests around the world, the government said on Saturday, in a move it said would also boost the ailing shipbuilding industry.

Britain said the ship, once built, would host high level trade negotiations and trade shows, and the cost of the project would be confirmed once manufacturing contracts were 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 said.

The government said it would be the first national flagship since HMY (Her Majesty's Yacht) Britannia was decommissioned in 1997.

A flagship to promote global trade has long been advocated by proponents of Brexit, who highlight the possibilities for new free trade agreements now Britain has left the European Union.

Critics, however, point to disruption to trade with the EU, Britain's biggest export market, following the country's departure from the EU's orbit at the start of the year. There has also been an impact on intra-UK trade from Great Britain to Northern Ireland.

The government said the name of the ship would be announced in due course. The Sunday Telegraph reported this month it would be named after Queen Elizabeth's late husband Prince Philip.

Britain to build new flagship to promote trade
 

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Comments (3)
Mark Olive
magicpiano May 30, 2021 7:18
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Should be plenty of cruise ships available at the moment going cheap?
paul robson
paul robson May 29, 2021 23:01
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Also requires other parties to travel to a port to meet us on our new boat to do a trade deal. what's the first thing you would do as leader of another country? yep make the UK delegates disembark and get a taxi to my office.
paul robson
paul robson May 29, 2021 22:56
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Jesus Christ. our trade strategy now has a dependency on a big new boat that isn't even in tender process. I hope they fly a red flag on it as that's exactly what this strategy deserves.
 
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