UK-Korea Free Trade Agreement | UK Promotes Trade with Brazil | What Next for the Sharing Economy?

Posted on 29/08/2019 by DHL Express

UK and Korea sign Free Trade Agreement

The UK and Korea have signed a trade continuity agreement allowing businesses to trade freely after leaving the European Union. This will ensure British jobs are safeguarded in key sectors including manufacturing and technology as well as professional services.

Secretary of State for International Trade Liz Truss MP said: “My priority is to make sure that British businesses are fully prepared for Brexit […] I’m delighted to sign this trade deal today with one of the biggest markets covered by existing EU trade agreements.”

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UK launches programme promoting trade with Brazil

A new £20 million facilitation programme will support Brazilian businesses to export and bring businesses of all sizes to international markets. The programme will showcase exporting as a source of income, generating jobs in the country and ultimately reducing poverty.

Brazil is the largest economy in South America, accounting for almost 50 per cent of the continent’s GDP and is home to over 200 million people. Total trade between the UK and Brazil was worth £6 billion in 2018, an increase of over 7 per cent on the previous year.

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What next for the sharing economy?

Some call it the sharing economy while others have labelled it the on-demand economy. But regardless, the millennial generation is driving a new style of business. The economic system in which products or services are shared between private individuals, either free or for a fee, means that today’s businesses are not only ‘asset light’ – many are ‘asset non-existent’.

The question is, ‘What’s the future for a world without owners?’

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