IOTA technology is a critical success factor of the redesign of the British foreign trade
- Great Britain uses IOTA technology to rationalize foreign trade and increase exports.
- The IOTA partnership supports the SME of important branches of industry and focuses on market access and cross-sector cooperation.
Great Britain has taken a big step to modernize his foreign trade with the introduction of its new trade strategy. The multi -track plan is intended to accelerate growth and digitize the country’s trade infrastructure.
As part of this initiative, the IOTA blockchain network has joined a coalition of industrial partners to support the government’s efforts, increase efficiency, reduce frictional losses and create a positive environment for cross-border transactions.
Really proud that IOTA, together with our amazing partners, is part of and actively contributing to the Plan for Change for the UK
to increase growth by digitizing their national trade infrastructure.
With IOTA we are connecting countries and making it seamless for them to… https://t.co/YTTZlApihT
– Dominik Schiener (@domschiener) June 27, 2025
The focus of the trade strategy is the obligation to use digital technologies and targeted political measures to improve the connectivity of Britain with global markets. The Ministry of Economic Affairs and Trades mentioned the development of export options in the amount of £ 5 billion and the expansion of the British export financing capacity (UKEF) to £ 80 billion.
A new Ricardo fund will deal with the complexity of the legal provisions and promote global standards for British exporters. At the same time, improvements to the UKEF should improve access to export protection and financing for both large and small companies.
The government focuses on fast, pragmatic trade agreements, the growth -strong sectors, services and partnerships for clean energy. By investing in digital infrastructure, including blockchain-based platforms such as IOTA, the strategy is intended to create safe, transparent records for international transactions and reduce paperwork that often delays trading.
According to the government, these efforts are intended to make the United Kingdom the “most networked nation in the world” and strengthen the country’s reputation as the leading exporter of services.
Support for domestic industry and SME
The strategy deals with the Challenges facing large industries and small companies are introducing new instruments to defend themselves against unfair trade practices and the volatility of the global markets. The system of trade policy remedial measures has been updated to ensure more flexibility and responsibility and to protect sectors such as the steel and automotive industry. Since the current protective measures for steel soon expire, the government works together with the interest groups to implement measures that ensure continuous protection for domestic manufacturers.
The strategy introduces a simplified export protection insurance and increases the direct loans for small and medium -sized companies (SMEs). The introduction of the Small Export Builder program is intended to make it easier for SME access to international markets by providing practical, easily accessible instruments for risk management and the expansion of business activities.
Leading representatives of the economy and the processing of the trade have recognized the coordination between the trade strategy and the more comprehensive industrial strategy and pointed out that this combined approach strengthens the united kingdom’s ability to survive in global competition.
It is expected that the successful implementation of the strategy depends on close cooperation between government, industry and technology providers. Interest representatives from the banking, technology and export sector have optimistically commented that the new plan will serve as a comprehensive blueprint for future growth.
Business associations emphasized the need for effective implementation and continuous public-private partnerships to ensure that the economic advantages reach companies across the country.
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