Posted on 29/07/2020 by DHL Express
UK-Indonesia Joint Trade Review
Following on from the signing of the Terms of Reference for the Indonesia/UK Joint Trade Review in October 2019, this month the Department for International Trade and the Indonesian Ministry of Trade held a second round of discussions virtually.
Excellent progress was made at the meeting, with discussions covering a wide range of sectors exploring opportunities for boosting two-way trade and investment as part of the UK’s COVID-19 recovery efforts.
In 2019, the UK’s total trade with Indonesia was worth £2.9 billion. A member of the G20 and the largest economy in ASEAN, Indonesia is one of the world’s fastest growing economies.Learn more
UK and India agree to deeper trading relationship
Since 2018 work has been underway to reduce barriers to trade since both India and the UK completed a Joint Trade Review.
The UK’s International Trade Secretary Liz Truss and India’s Minister of Railways and Commerce & Industry Piyush Goyal agreed to explore opportunities for expanding and deepening the trade relationship.
Trade between the UK and India was worth £24 billion last year alone, and India is now the second largest investor in the UK economy.Find out more
International e-commerce offers a route to recovery
There is no doubt that the last few months have been an extremely challenging time for many small businesses, but those with an e-commerce presence have found it to be a much-needed lifeline.
To maximise the benefit of an ecommerce platform, businesses will benefit from opening themselves up to as many markets as possible. E-tailers that trade internationally achieve 10-15% higher revenue than those only open to UK customers.
Abi Brodie, VP Sales of E-commerce at DHL Express UK discusses how selling cross-border can offer resilience for e-commerce businesses.Read more