Alun Cairns in future Welsh trade meeting with International Trade Secretary

27 Oct 2017 03:05 PM

Dr Liam Fox is welcomed to Cardiff today by the Secretary of State for Wales to talk with dairy businesses about post-Brexit trade and investment.

Secretary of State for Wales Alun Cairns is to host a roundtable with International Trade Secretary Dr Liam Fox and leading dairy businesses today (27 October) to discuss future trade opportunities once we leave the EU.

Wales continues to be a hub for global investment, with latest statistics showing the number of jobs in Wales either created or safeguarded as a result of Foreign Direct Investment projects rising to 11,000 in the last year, up from 7,000 in 2015/16.

And Wales exported £14.6bn worth of goods in 2016, up 10.4% from £13.3bn in 2015, with growing non-EU markets including UAE, Canada, Turkey and China all featuring in its top 15 export destinations.

Secretary of State for Wales, Alun Cairns said:

Wales is an ambitious outward-looking nation. Our country is home to some of the most innovative and exciting companies and products in Wales are sold right around the globe.

As part of the United Kingdom, Wales benefits from the economic security and international influence that comes from pooling our resources.

The UK Government is ready to support Welsh businesses to take advantage of every opportunity available to them to grow and expand into new markets.

International Trade Secretary, Dr Liam Fox also said:

The Department for International Trade is committed to helping Welsh businesses boost exports, find new markets and showcase their international reputation for excellence, from agriculture to aerospace.

As an international economic department we will also continue to build on the impressive increase in Welsh jobs backed by Foreign Direct Investment, and support key sectors like the Welsh dairy industry. We will continue to work closely with the Welsh Government to design a future trade policy in the national interest of the whole UK.

Trade White Paper

The Trade White Paper published by the Department for International Trade establishes the principles that will guide future UK trade policy as well as laying out the practical steps that will support those aims. These include:

Feedback from businesses can be sent to stakeholder.engagement@trade.gsi.gov.uk by 6 November.

Further information