Global exporters join the Northern Powerhouse Partners Programme | Minister for Investment in Australia to talk trade | Get the low down on trading Down Under

Posted on 23/08/2018 by DHL Express

Global exporters join the Northern Powerhouse Partners Programme

New Balance, Hitachi, Playdale and Techbuyer have joined the Northern Powerhouse Partners Programme, a government initiative which brings together 178 businesses from across the North of England.

According to the latest statistics, the Northern Powerhouse is worth over £330 billion a year to the UK economy, with the region supporting around 20 per cent of total UK goods exports – worth £60 billion in 2017.

Northern Powerhouse Minister, Jake Berry, said: “As we seize the opportunities that come with leaving the European Union, it will be the manufacturers of the Northern Powerhouse that will help us deliver a strong and resilient economy fit for the future.”

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Minister for Investment in Australia to talk trade

With consultations over future trade relationships with Australia and New Zealand now open, Graham Stuart, Minister for Investment at the Department for International Trade, launched a joint UK-Australian investment report alongside Steven Ciobo, Australian Minister for Trade, Tourism and Investment.

The report shows that the investment relationship between the UK and Australia grew by 22 per cent from 2010 to 2017 to more than £630 billion, with combined trade being worth £16 billion in 2018.

Graham Stuart said: “We’ve taken a major step towards building our bilateral trading relationships with Australia and New Zealand – two of our closest international partners – by opening consultations on our potential future agreements.”

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Get the low down on trading Down Under

Australia is the Asia-Pacific’s fifth largest economy and has grown by about 3.3 per cent per annum since 1990. Inflation rates have been stable in the six years from 2012-2017, averaging 1.9 per cent, and the current unemployment rate stands at 5.6 per cent. This all contributes to an enviable standard of living, so no wonder Australians are known for being warm and friendly with a good sense of humour.

As one of the strongest, most competitive and open economies in the world, Australia brings many cross-border trading opportunities.

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