A report due to be released tomorrow, from the political thinktank Reform, highlights that there is still a long way to go for Britain to meet David Cameron’s target of doubling exports by 2020.
Vince Cable, the business secretary, is in Russia today on a trade mission which aims to boosts the countries economic ties with the UK. In the three years to 2012 UK exports to Russia grew by a remarkable 73 per cent to £7.6bn – a success Cable will hope to build on with this visit. Cable said: “I am in Russia this week launching the biggest ever drive to encourage SMEs to export – Exporting is GREAT. “This campaign will help us reach the many businesses across the country that are ready to export and grow but have yet to take the plunge. “This can be a big step for many businesses and the government’s expert international trade advisors will guide companies every step of the way, with practical advice and support to find international customers.” UKTI will be hosting more than 100 workshops across the country with selected partners including the British Chambers of Commerce and Business is GREAT. Trade & Investment Minister Lord Green said: “The Made in Britain brand is sought after across the world and many UK businesses are already taking advantage of this but we want more to follow. “Through Export Week and the Exporting is GREAT campaign we will strengthen the momentum of the Prime Minister’s challenge. “The UK’s future prosperity will not come from relying on domestic markets alone. Businesses excel with UKTI’s support and we want to make sure that UK firms are not just trading abroad but thriving there and competing with the best the rest of the world has to offer.”
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