However, the DIT announcement said Fox was the only official member of the board and would be its chair. The cabinet's Scotland, Wales and Northern Ireland secretaries are also listed as advisers to the board.
This means that Fox is both chairman of the board, and he makes up its entire membership. "It's just another example of how this Government are incompetent".
"The secretary of state, no doubt embarrassed by his lack of a real role in government beyond accumulating millions of air miles, has had to invent a grandiose title for himself", he said. It will convince nobody.
James McGrory, the executive director of the pro-Europe campaign group Open Britain, told Metro.co.uk: 'I hope that at the inaugural meeting of the new Board of Trade, Liam Fox managed to have positive and constructive discussions with Liam Fox, after hearing expert analysis by Dr Liam Fox on the impact of Brexit'. It would be amusing in another context, but not when the government is justifying its decision to damage our trade by leaving the customs union on a mirage of future trade deals.
Mr McGrory added: "In the hostile world of global trade negotiations, Liam Fox's army of one will find striking trade deals hard and time-consuming and they will constantly be under pressure to water down our food safety and environmental standards".
Business leaders from across the United Kingdom are to join forces as part of a new board of trade, convened for the first time by the Department for International Trade (DIT) today.
Fox said: "The advisers on the board will act as the "eyes and ears" of the modern businesses community to ensure the benefits of free trade are spread equally across the country".
He explained that it's a "technicality" that the board can only be made up of Privy Councillors, and that the new Board of Trade will have attendees from different businesses and parties to keep Liam company.