In a competitive business environment, it is important to continue to develop our market strongly. The launch of GREAT.gov.uk provides an excellent platform for this. As the International Trade Secretary of State - Rt Hon Dr Liam Fox MP - makes clear that “businesses that export are more profitable, have greater productivity and are more financially secure; [and] exporting contributes to local economies by growing business, and creating jobs and prosperity.”
The International Trade team believe that these are very exciting prospects. Given only 6-7% of UK export to high-growth economies, such as India and China, Dr Fox believes that some businesses have a product or service that could be exported, but mistakenly do not believe there is the demand. We need to help these firms facilitate growth into the global arena.
Overall, this strategy is great news for Britain, and its businesses. GREAT.gov.uk is where you can match market supply and demand, and attract new investors. I am wholeheartedly behind the decision to make this the first place businesses think of when they consider business abroad and would press local businesses to check this out.