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Exporting 'must be in our DNA' to boost trade

Trading

A commission led by Graham Cole, chairman of AgustaWestland UK, has called for a 'radical overhaul' of export support systems for UK companies if Britain's declining share of the export market is to be reversed. In an interim report, Turning up the Dial on UK Exports, the Cole Commission has listed key recommendations. The report calls for exports to be made a political priority, with the role of Trade Minister made a Cabinet position. It also calls for a Cabinet committee on exports. The commission also calls for UK Trade & Investment and UK Export Finance to be merged and for the establishment of a 'one-stop shop' for SMEs for advice on exporting. The Cole Commission suggests introducing qualifications in exporting and encouraging use of digital technology to boost foreign trade. The CBI and the EEF welcomed the commission's report.

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