A report released by the taskforce during the Conservative Party's conference in Manchester, recommends special access for business visitors and event delegates for visas and a review of the Licensing Act 2003 to provide local authorities with the flexibility necessary to support local events.
It seeks government support for an international convention centre in central London but acknowledges Excel London's potential as an international conference hall.
It also recommends greater investment in Visit Britain's dedicated events arm Event Britain to help bid for events for the UK.
Business Visits and Events Partnership chairman Michael Hirst represented the events industry on the Conservative Party Tourism Taskforce and said: "I'm delighted that the Conservative Party has recognised the importance of business visits and events and some of the measures needed to support the industry. I hope it will follow these through in its final policy."