British government publishes white paper to help economic recovery

The British government on Wednesday launched a trade white paper that outlines its plans to develop business with other countries and to support British companies as they seek to export.


The paper contained three key points that emphasize support for small and medium-sized enterprises in expanding their business and increasing their export activities.


The proposals included launching new trade finance and insurance products that will better support exporters, especially SMEs, and ensure that the service the government provides to British exporters competes well against similar services provided in other countries.


"Strong trade policies and strong trade outcomes are of the utmost importance for our economy, helping to create jobs and build sustainable growth," said Prime Minister David Cameron.


Cameron noted that Britain has a rich and diverse trade history "but we cannot be complacent. We need to ensure business, especially our SMEs, have all the tools they need to flourish."


Business Secretary Vince Cable, who announced the paper to the House, said trade and investment are absolutely fundamental to rebuilding and rebalancing the British economy.


Encouraging small businesses to export more is at the heart of that effort, he said.


"There is real scope to improve the support offered to help SME's move into international markets so that our companies can compete more effectively internationally for export opportunities," Cable said.
(Source:http://news.xinhuanet.com)