Are you ready to seize the moment?
Trade is the backbone of the UK economy – with exports accounting for 32% of total GDP – and yet our share of global trade has been declining. Trade enables companies to find new markets, diversify their supply chains and reduce risk. And it benefits the rest of society and broader economy, creating jobs, raising incomes and increasing living standards.
Europe, the US, India, China and ASEAN countries could be targeted in areas like financial services, information and communication, and education.
By co-developing an Export Champions programme in every region and nation, and linking it with a new SME accelerator, potential exporters will gain access to best practice, support and guidance.
Business can support other domestic-based firms in their supply chain by identifying opportunities for them or providing wrap-around services when winning contracts overseas.
By actively pursuing new markets and selling more globally, firms can become ‘superstar exporters’ which will drive growth and job creation.
Whether by encouraging SMEs to trade for the first time, or by increasing the range of markets that established firms target and the products and services that they sell.
Target markets that could yield success, including the US, India and China, where the UK has proven competitive advantages.
Both in established sectors ranging from financial and professional services to the creative industries, and in growing industries such as green.
Align DIT campaigns to strong country-sector combinations and focus resources on growth industries, alongside fully resourcing the UK’s new Trade and Investment Hubs.
By developing a digital platform accelerator programme, providing market information and opportunities to showcase products internationally.
By establishing a Trade in Services commission and setting a long-term strategy for UK services trade.
By using the new Partnership Council and devise practical solutions to adjustment issues faced by firms on both sides.