UK GDP at market prices by category of expenditure, 2015 Category of Expenditure million % of GDP Consumption expenditure of households and NPISH (C) 1 216 113 65.0 65.0 Government final consumption (G) 360 828 19.3 19.3 Gross capital formation (I) 327 855 17.5 17.5 Exports of goods and services (X) 510 340 27.3 27.3 Imports of goods and services (M) -548 908 -29.4 -29.4 Statistical discrepancy 3 332 0.2 GDP at market prices 1 869 560 100.0 100 Source: UK National Accounts, The Blue Book: 2016 (ONS)

Discuss the type of trade policy that is inferred from the table that the UK had in operation in the year 2015, focusing your discussion on the main types of instruments that the UK government could have used to implement its trade policy