4:20 AM 17th November 2021
IoD: Export Strategy Is A Boost For International Trade But Not A Substitute For EU Trade Support
Responding to the Government’s new Export Strategy, which sets out a 12 point plan to encourage, inform, connect, and finance businesses to export internationally, Emma Rowland, Policy Advisor at the Institute of Directors, commented:
"The government’s new export strategy will help motivate businesses to sell internationally, and boost the UK’s ability to reach new global markets. Our research shows organisations feel they are held back from exporting globally by their size, resource, and funding. The emphasis on support for SMEs within the strategy is therefore a positive step and will give businesses more confidence in their exporting capabilities.
"Businesses have been tackling head on the challenges Brexit has thrown at them for the best part of 5 years. By securing agreements with growing markets across the world, we can open new opportunities for organisations, remove barriers, and take advantage of where there is rising demand for our services.
"But the member states of the EU must not be overlooked in our future trade policy, as they remain our largest export markets. While there is significant potential for trade activity in the wider world, the government must secure a pragmatic solution to the challenges of exporting to the EU. Only then will UK exporting be able to realise its full potential.
"Overall we are encouraged by this strategy, but we will monitor its implementation closely to ensure all businesses can access the support and funding that will help them to export."