Demand for British goods and services higher than ever | Philip Hammond meets Brazilian Finance Minister | Business etiquette in Germany

Posted on 15/08/2018 by DHL Express

Demand for British goods and services higher than ever

The latest Office of National Statistics data (released 10 August) showed global UK exports have risen by £26 billion in the year to June 2018 – an increase of 4.4 per cent compared to the same time last year. Goods exports also have continued to rise strongly by 6.3 per cent to £343 billion.

International Trade Secretary Dr Liam Fox said: “Today’s trade figures show demand for UK goods and services is continuing to grow, as overall exports rose to £621 billion […] and the trade deficit continued to narrow by £6 billion over the last 12 months.”

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Philip Hammond meets Brazilian Finance Minister

Last week Chancellor of the Exchequer Philip Hammond met with Brazilian Finance Minister Eduardo Guardia at the third UK-Brazil Economic and Financial Dialogue (EFD) to strengthen the UK’s partnership with Brazil – Latin America’s largest economy.

Through the EFD the UK is looking to deepen cooperation with Brazil on financial services, green finance and tax to maximise future trade opportunities.

Philip Hammond said: “Brazil is our top trading partner in Latin America, with our trade in goods and services worth £5.6 billion. The meetings today reinforced the strong ties that already exist between our two nations and I’m pleased that good progress was made towards our shared ambitions on taxation, green finance and infrastructure.”

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Business etiquette in Germany

As one of the world’s richer nations, with the average German family having a pre-tax income of around $46,000, there are big opportunities for new business in the world’s fourth largest economy.

Germans are famously efficient, known for expert planning and punctuality but do you know what really makes the German economy tick? As ever, understanding the business culture and landscape is essential to success.

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