Wales set to host Board of Trade this November

International Trade Secretary, Dr Liam Fox MP, has announced that Swansea University will host the Board of Trade in November 2018.

Over 2 days (14 and 15 November), Board of Trade members will meet with local businesses and the International Trade Secretary will celebrate Welsh trade achievements by recognising local companies with Board of Trade Awards (BOFTAs). The National Trade Academy Programme will also run a Welsh business showcase.

Latest HMRC figures show goods exports from Wales increased by 7.1% to £16.4 billion in the year to March 2018, demonstrating the global demand for Welsh products.

With Wales being home to nearly 4,000 exporters in 2017, with an average value per exporter of more than £4.2 million, the Department for International Trade (DIT) is running a series of exporting masterclasses and seminars this week at the Royal Welsh Show in Llanelwedd. This will help more businesses take practical steps towards selling overseas.

The seminars will provide information on the benefits of exporting, dealing with potential barriers, developing a successful export strategy, finding the right route to market, and securing the best customers, agents and distributors.

International Trade Secretary and President of the Board of Trade Dr Liam Fox MP said:

"As an international economic department, DIT is committed to helping Welsh businesses boost exports, find new markets and showcase their international reputation for excellence, from food and drink to agriculture and automotive.

"There is a world of opportunity out there for UK businesses. Initiatives from the Board of Trade to the Royal Welsh Show will help identify and unlock new export markets, encourage inward investment and support the next wave of British exporters."

Secretary of State for Wales Alun Cairns MP confirmed that the Board of Trade will be held at Swansea University in the autumn:

"The UK Government wants to celebrate the achievements of businesses that are demonstrating exceptional innovation, delivering prosperity to their local communities, and championing free trade. The Board of Trade allows us to do just that and I am thrilled that the Board will be coming to Wales in November.

"The significant increase in Welsh exports shows our home-grown companies are succeeding on the world stage and I encourage businesses to get down to the Royal Welsh Show to attend one of the DIT exporting masterclasses to build on this success."