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Brexit trade deal hopes | Trade in South America | SMEs vs digital disruption

 
International Trade Secretary hopes to have trade deals ready to sign
 
Speaking at the Conservative party conference in Manchester, International Trade Secretary Liam Fox has said that he expects to have trade agreements in place long before the end of the Brexit transition period, which is expected to come into effect in March 2019.
 
Last month the Prime Minister used her keynote speech in Florence to further explain her vision for leaving the EU. Theresa May provided greater clarity over terms including the transition period, rights of EU citizens in Britain, the border with Ireland and the divorce settlement.
 
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UK to start trade dialogue with three Andean countries
 
Last week the UK Minister for Trade Policy, Greg Hands, launched a new trade dialogue with emerging markets in South America to strengthen bilateral trade. The focus was on investing in relationships with Colombia, Ecuador and Peru, with whom we have strong trade links already. In 2015, total trade in goods and services between the UK and all South American countries stood at £12.4 billion.
 
It was also announced that UK Export Finance, the government’s export credit agency, will double financial support for UK-Peru trade, offering up to £4 billion to UK exporters. This follows Liam Fox’s announcement last month that support available for trade with Colombia will also be doubling.
 
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How are SMEs dealing with digital disruption?
 
In the age of digital disruption, succeeding as an SME can be challenging but it also presents a wealth of opportunity. Real Business says SMEs must adopt a collaborative approach to stay ahead as the pace of change continues to increase.
 
Their research found 67 per cent of global business leaders believe partnering with technology experts is essential in the future. The most successful SMEs have historically embraced innovation but what drives their growth is using technology to improve the experience for the customer.
 
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Thursday 5 October 2017

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