EEF and UKTI deal to boost global exports
1 min read
24 September 2014
EEF and UK Trade & Investment (UKTI) have signed an agreement to “collaborate on the promotion of export services to manufacturing and engineering companies across the UK."
The deal demonstrates a commitment from EEF to support the government’s £1tn export target by 2020.
As part of the agreement, which will last for three years, EEF and UKTI will be working together on initiatives and practical support for companies to boost UK exports, especially to emerging markets such as Brazil, Russia, India and China.
EEF Chief Executive Terry Scuoler, said: “Exports are the lifeblood of UK manufacturing and, with the prospects for international trade remaining very positive, it is vital for our economic prospects that we take every opportunity to boost our performance.
“By combing the expertise of UKTI with EEF’s access to market, companies will be set fair to reap the benefits of the unique expertise to which they will gain access.”
The deal comes hand-in-hand with EEF research, which showed that 90 per cent of manufacturers were involved in exporting, and that for two fifths of companies, exports accounted for over half of their turnover.