UK Announces Measures to Grow Tech Exports
The United Kingdom plans to implement measures to support its technology industry, expand export markets and further integrate tech companies into free trade agreements, said a June 9 news release. The measures will “increase tech exports to fast-growing international markets,” including Asia, the U.K. said. “Trade agreements we are negotiating with key partners will go further than others in addressing barriers to digital trade, opening up huge opportunities for our exporters,” International Trade Secretary Liz Truss said in a statement.
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One measure will create a “Tech Exporting Academy” to provide “expert advice” to U.K. companies on expanding exports. The measures are “part of a wider programme of support for U.K. tech to ensure the industry benefits from trade opportunities, including future free trade agreements,” the release said. It pointed to upcoming trade deals with the U.S. and Japan, which will “enable the UK to go further, setting new standards in areas of digital technology and e-commerce, and encouraging further investment into the UK’s world-leading tech companies.”