The Department for International Trade’s Export Strategy sets out how the government will support businesses of all sizes to make the most of the opportunities presented by markets around the world. The new Export Strategy is due to be published by the end of 2021, and DIT are asking for you to share your views and help them to shape the Export Strategy for the next decade…
Refreshed Export Strategy:
We know that the global trading landscape is changing, and exports will be vital for the UK’s recovery. Setting a clear and ambitious export strategy for the next decade will help support UK firms to be more productive, pay higher wages, be more resilient, and be positioned to take advantage of markets of the future.
With a new government focus on an export-led economic recovery, a refreshed Export Strategy, due by the end of 2021, will be an important part of the cross-government Plan for Growth. We will align all export promotion initiatives to deliver high-value jobs in key export-oriented sectors across the UK, supporting levelling up and strengthening the Union.
To drive our ambition, we are exploring bold targets for exports for 2030, underpinning by our new data powers through the Trade Act, combined with a vision to meet the needs and demands of a changed trading landscape that supports new government priorities, including Global Britain, the Integrated Review, and our transition to Net Zero by 2050.
Mission: To support UK business to take full advantage of trade opportunities, including those arising from delivering FTAs, facilitating UK exports.
Jobs: Trade plays a critical role in creating and sustaining jobs across the UK, and our research estimates that UK exporting activity supported 6.5 million or 23% of all jobs in the UK in 2016. Over 100,000 businesses in the UK are exporting to international markets across a broad range of sectors.
Growth: The evidence shows these exporting companies tend to be more productive (21%), resilient, innovative, profitable and 7% pay higher wages.
We know around 1 in 8 firms with a turnover over £500k have the potential to export, but do not. According to the International Trade Centre, there is £142bn worth of potential sales in goods alone waiting to be tapped. Whilst in Asia there will be a huge growth in buyers by 2030 as the region promises to contain 66% of the world’s middle classes.
Our latest research shows 6.5m jobs are supported by exports:
How you can get involved:
Share your views and support us in shaping the export strategy by submitting your views and answers to email@example.com by 31st July 2021.
Below are some questions to consider:
- How has Covid-19 impacted your exporting efforts to key markets?
- Can you share any examples of positive changes and opportunities you have seized?
- Have you sought government support in exporting to new and emerging markets, and/or clarification on certain regulations, customs laws, etc?
– If you sought government help in exporting to new and emerging markets, please specify which markets, the type of support you received, and how useful it was.
- What new export support services (including digital) would you like to see DIT introduce?
- What, if any, changes to the UK business environment would benefit you as an exporter?