Exports

Department for International Trade written question – answered on 3rd April 2017.

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Photo of Baroness Quin Baroness Quin Labour

To ask Her Majesty’s Government, further to the answer by Baroness Mobarik on 24 January (HL Deb, col 550) concerning UK exports, what criteria the Department for International Trade uses in deciding which markets and sectors to target through its export campaigns.

Photo of Lord Price Lord Price The Minister of State, Department for International Trade

No set criteria are used in deciding which market-sectors should be export campaigns. Instead a range of different factors determine the campaigns. Primarily, we consider the ability of Government to add value to UK exports as recorded by the ONS. This is judged over a five-year forecasting period. We also consider the diversification across sectors and markets to ensure the portfolio of export campaigns is balanced. It is a proven framework for analysing where Government interventions can add the most value for the benefit of the whole of the UK.

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