The government has outlined a fresh approach to international trade, aiming to enhance economic security and build stronger ties with global partners. The newly announced Trade Strategy, revealed by the Department for Business and Trade, focuses on a more flexible policy in light of rising protectionism and geopolitical challenges. Key proposals include £20 billion of new backing through UK Export Finance, updates to border operations, and the launch of both a Supply Chains Centre and an Economic Security Advisory Service.

These new bodies will work to safeguard essential trade routes and provide guidance on economic risks such as supply chain interruptions and the misuse of trade as a political tool. Logistics UK welcomed the plans but stressed the need for the sector to play a central role in delivering them. The industry highlighted the urgency of implementing digital customs solutions, including the Single Trade Window, to ease trade flows post-Brexit, particularly for small businesses.

The strategy promises to simplify export processes, reduce paperwork through digital documentation, and introduce new funding to help break down trade barriers. A dedicated scheme for small exporters will also offer easier access to finance and insurance through a digital platform, helping smaller firms engage in global markets more effectively.

With a focus on key growth industries like clean energy and advanced manufacturing, the government hopes new trade agreements, including a deal with India, will open up further opportunities. At the same time, efforts will be made to tackle the decline in EU exports by cutting bureaucracy and improving regulatory cooperation.