DIT meaning in International ?

Answer:

What is Department for International Trade mean?

The Department for International Trade (DIT) is a United Kingdom government department responsible for striking and extending trade agreements between the United Kingdom and foreign countries, as well as for encouraging foreign investment and export trade. The department was created by Prime Minister Theresa May, shortly after she took office on 13 July 2016, following the United Kingdom's vote to leave the European Union.

DIT's purpose is to develop, coordinate and deliver a new trade policy for the United Kingdom, including preparing for and then negotiating free trade agreements and market access deals with non-EU countries. The new department is a specialised body with significant new trade negotiating capacity.

It took on the responsibilities of UK Trade & Investment, which was previously operated by both the Foreign Office and the Department for Business, Innovation and Skills, it also took on the latter's other relevant trade functions; as well as responsibility for UK Export Finance. It is overseen by the Secretary of State for International Trade, currently Anne-Marie Trevelyan.

As of February 2017 the department employed about 200 trade negotiators.

After Britain left the EU, the Trade Remedies Investigations Directorate (TRID) of the Department for International Trade was created to investigate whether new trade remedies are needed to prevent injury to UK industries caused by unfair trading practices and unforeseen surges in imports. These remedies usually take the form of additional duties on those imports.

Following Royal Assent of the Trade Act 2021 TRID became an independent arms-length body, the Trade Remedies Authority (TRA), on 1 June 2021.

reference

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