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UK – EU trade deals | Iceland’s growing economy | Ecommerce boost in the Nordic region

 
UK looks to supercharge EU trade deals
 
Ministers are reviewing trade agreements that already exist between the EU and other countries to see if they can be mirrored over to a post-Brexit Britain.
 
This could be an interim solution with the long-term aim being to develop an even freer deal. Although the government is only investigating this idea, trade analysts believe it could be a success.
 
The UK is typically known to be more willing to offer access to its markets and is able to strike deals much more quickly than the EU.
 
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Iceland’s economy grew by 7.2 per cent in 2016
 
Tourism and strong investment by business and in the housing market helped the Icelandic economy to grow 7.2 per cent in 2016.
 
Since the nation’s financial collapse, the economy has experienced a solid recovery, largely supported by the growth in tourism. Last year around 1.8 million people visited Iceland, a 40 per cent rise on 2015.
 
Iceland will now lift all capital controls on its citizens, businesses and pension funds, demonstrating the country’s recovery and return to international financial markets.
 
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Ecommerce in the Nordics hit €21.9 billion in 2016
 
In 2016, the value of the ecommerce industry in the Nordic region reached €21.9 billion. The largest share of online retail revenue came from Sweden, which generated €8.5 billion.
 
PostNord, the Swedish postal service, published its latest annual report on ecommerce in the region. A key finding is that ecommerce companies need to offer sales through multiple channels, employing a clear omnichannel strategy.
 
There is good news for international traders as over one-third of online consumers in the Nordics make purchases from international ecommerce websites every month, with the UK and China being the most popular to purchase from.
 
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Thursday 16 March 2017

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