Mr Stride told BBC Radio 4’s World At One program that people should not be surprised about the short-term impact of Brexit on trading figures.
He said: “If you have a situation where you create friction between yourself and your major trading partners, I think you’ll have to accept that will have an impact.”
Asked about the impact of Brexit on investment decisions into Britain, Mr. Stride said: “What I think we need to do now is to maximize the benefits and freedoms that we now have given that we’re not part of the European Union.
“I think it’s taking a bit of time to move from the disadvantages to the benefits…but we are out there doing trade deals, all sorts of exciting things that we can capitalize on, and the government is determined to do so.”
Mr Stride is a former chairman of the Commons Treasury Select Committee and was a Remainer in 2016.
As a result, he has been viewed with suspicion by pro-Brexit Tories in the European Research Group (ERG) and his appointment was regarded as a sign that Rishi Sunak may water down some of the Brexit opportunities.
As a result, his comments will come as a comfort to those who had concerns about Mr. Sunak’s government backsliding on the issue.
The words also put the focus on newly promoted Business and Trade Secretary Kemi Badenoch who last week announced new deals with Italy, the first post-Brexit bi-lateral agreement with an EU member and Mexico.
The main prize being pursued at the moment is membership of the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) which is currently made up of 11 countries and could also see the USA joining.
It represents one of the fastest-growing economic groups in the world and is set to outstrip the EU.
The groundwork for a deal was put in place by Liz Truss during her tenure as International Trade Secretary.
