The strategy aims to increase export from 30% to 35% of GDP moving forward, a far more modest objective compared to the 2015 target to double exports to £1tn by 2020. The idea is to achieve this by providing support to businesses to help identify exporting opportunities, helping to build connections with foreign customers, and providing up to £50bn in export finance and insurance.
In his speech, Liam Fox also mentioned a new network of HM Trade Commissioners, building digital services to improve access to export guidance, and a new scheme of Export Champions, business people working in industry who can offer support and advice to exporters.