Departure from the EU: Effect on UK Global Exports

Answer from Anne-Marie Trevelyan

For the first time in decades, the UK has an independent trade policy. We have secured FTAs with 70 countries plus the EU, covering nearly £800 billion-worth of bilateral trade in 2020, creating new opportunities for our UK exporters. To take these and more—building on an over £56 billion increase in nominal exports between 2016 and 2021—our export strategy is focusing on the needs of exporters, including a new export support service for exporters to Europe.

Answer from Anne-Marie Trevelyan

Although there was indeed a drop in exports during covid, we have seen a 10% increase in the last quarter, which is very welcome. I am always happy to meet the hon. Gentleman, as he knows, to discuss any particular businesses, but the export support service, which has now been running for a number of months, is there to support SMEs in particular if they have issues with a country in Europe with which they want to trade. The team has also been focusing on supporting businesses with Russian and Belarusian activities in the past month, especially on supporting them to find alternative supply chains. The export strategy, which we published in October last year, is bringing together a whole series of tools to help those SMEs to discover new markets, and, indeed, to use the ones that now have more prospects thanks to the FTAs that we have.

Answer from Anne-Marie Trevelyan

I congratulate my hon. Friend on his recent marriage, which is very exciting. Let me just note that those of us on the Front Bench begin to feel very old when our youngest Members start taking this great step of confidence, which exactly reflects how my hon. Friend has campaigned for his constituents on the matter of steel. It has been a real pleasure to be able to bring the section 232 tariffs to a conclusion so incredibly quickly, working with my US counterparts and understanding that our UK-US relationship is critical not only to trade, but across so many of those inter-related activities. We are working closely together on trade and security matters as we deal with the terrible challenges in Ukraine.

Answer from Anne-Marie Trevelyan

As I have already set out, the export support service, which we launched at the end of last year, is there to support those SMEs that have experienced technical issues when trading with the EU. Many of those issues have now been resolved, and we are helping businesses to deal with them. We are also helping those SMEs in all our constituencies that are considering exporting for the first time to look at how they can discover markets within the EU, across the wider European nations and in the rest of the world.

Answer from Anne-Marie Trevelyan

I will set out just some of the areas the export strategy is bringing forward, to help the hon. Gentleman to see exactly the strategic work we are doing. There is the export support service, which I have mentioned, and financial support for exporters, working through the shared prosperity fund to include export support through local investment plans. UK Export Finance is there to help and will look at supporting SMEs, where historically it has only supported large contracts. Having run a successful regional pilot of the UK Export Academy, we are rolling that out across the UK, providing digital tools. That is proving very popular, as businesses can educate themselves before launching into new markets.

Answer from Anne-Marie Trevelyan

I have set out the export strategy, which is bringing forward these tools. We are here to support businesses through a dozen different routes to grow their export markets or discover exporting for the first time. One in seven businesses that could export does not yet, and we want to help them find new markets across the globe, not only within the EU. Free trade deals like the comprehensive and progressive agreement for trans-Pacific partnership will give us access to nearly $8 trillion of new markets.