United Kingdom's Legal, Economic, Technological, and Political Climate

Since the United Kingdom is a member of the European Union, its economic structure is governed by the European Commission (EC) (EU). HM Revenue and Customs (HMRC) and the Department of International Trade contend with trade practices, regimes, and procedural matters governing imports into the UK (DIT). In order to reduce the environmental effects of shipping, the EU and the United Kingdom enacted legislation governing all packing and packaging waste. When selling in the UK, the European Council's product description and details instructions must be followed (Hiles, Kristen, and Andrew 335). Selling of Lipitor is legal in the UK but the supply of the generic atorvastatin which is promoted as Lipitor is exposed to legal action and its supply was renounced by the High Court.

In the context of economic outlook


UK has witnessed a steady growth. The economy of British took some time to improve after it had a financial crisis before 2013. The initial stages of the reclamation of the economy were lethargic. The Gross National Product in the UK has been close to 158969.70 GBP Million since 1955 to 2016 (Suwaidi 25). The level of employment has also risen due to the growing economy of the Britain while the costs of living are a bit higher in the UK compared to other countries. Pharmaceutical technologies in the UK have significantly enhanced their technical skills to convert resources into final products like Lipitor. This improvement is geared by the suppliers of pharma chemicals who are currently repurposing the former drug firms as facilities of custom engineering. Distribution of products has also improved due to advancements in the country's infrastructure and innovation (Kouladis 37).

The recent Brexit plans


That is, British withdrawal from EU may adversely affect the international organizations. For instance, the support of UK to the budget of EU will affect migration in the labor market. This immigration is likely to affect the trade and the economy at large.

Works Cited


Hiles, Andrew, Kristen Noakes-Fry, and Andrew Hiles. Business Continuity Management: Global Best Practices, Fourth Edition. Brookfield, Conn: Rothstein Associates, 2014. Internet resource.


Kouladis, Nicholas. Principles of Law Relating to International Trade. Palo Alto, Calif: Ebrary, 2006. Internet resource.


Suwaidi, Ahmed A. Finance of International Trade in the Gulf. London u.a: Graham & Trotman, 1994. Print.

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