This article was published before we became the Chartered Institute of Export & International Trade on 10 July 2024, and this is reflected in references to our old brand and name. For more information about us becoming Chartered, visit our dedicated webpage on the change here.

Marco Forgione in front of Parliament

Institute of Export & International Trade director general Marco Forgione responds to the latest cabinet reshuffle:

"The merger of the trade and business departments is an opportunity to better integrate exports within the wider UK growth strategy. We are delighted to see Kemi Badenoch retain the trade portfolio while taking on an expanded remit within government, as this will ensure continuity on trade policy and strategy.

"However, there needs to be a focus on doing what is best to stimulate growth in the economy through international trade. This is because businesses that trade internationally have been proven to grow quicker and become more profitable.

"We’ve previously called for there to be a cross-departmental taskforce focused on driving UK exports, particularly among MSMEs (micro, small and medium enterprises), as well as a minister dedicated to maximising the opportunities of an independent, digital-first border strategy. This merger should be the opportunity to set these wheels in motion.

"Research conducted among members of the Institute of Export & International Trade indicates that businesses engaging with global markets are far more confident in their outlook for growth than is often reported. 

"There are excellent opportunities for businesses to take advantage of global markets, but they must have the support and guidance they need to ensure they can trade with confidence.”