UK-Singapore trade | Trading with Germany | Latest e-commerce news

Posted on 16/12/2021 by DHL Express

UK agree historic digital trade deal with Singapore

After six months of negotiations, the UK and Singapore have signed the Digital Economy Agreement, the first of its kind signed by a European country. Building on the existing £16 billion relationship with Singapore, the deal will make it easier for UK exporters to trade goods and services into the country and other Asian markets by saving time and costs on paperwork and border processes that will now be completed digitally.

International Trade Secretary, Anne-Marie Trevelyan, said: “Digital trade is creating a new global economy, but it is still largely governed by old-fashioned rules that pre-date the digital revolution of the past 20 years. We’re using our independent trade policy to strike ground-breaking agreements that update these rules for the digital age and connect UK businesses to the biggest and fastest growing markets in the world.”

This new deal will support the UK’s efforts to join the Trans-Pacific Partnership (CPTPP), worth £8.4 trillion in free trade.

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Doing business in Germany

85% of Germany’s population shop online, making it the second largest e-commerce market in Europe and the sixth largest in the world. If you’re looking to enter a market that was worth over US$95 billion in 2020, the key is to understand a business landscape that reflects the German customers, who are some of the most demanding and quality-focused in Europe.

Download our full guide to exporting to Germany, where we discuss everything you need to know about what the nation’s consumers are buying online, key considerations when they make a purchase and important trade regulations and customs information.

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The latest e-commerce news from around the world

With Christmas just around the corner, online marketplaces are making their holiday shopping predictions, highlighting what their customers’ purchasing decisions will be and what they will be driven by. Also, new research shows a shift in the traditional shopping habits for consumer groups, with the baby boomer generation expected to do most of their shopping online, and Gen Z buying in-store.

Meanwhile, TikTok is trialling their new e-commerce app, and American chocolate brand Reese’s have launched “Reese’s University”, a campaign which includes selling merchandise. And finally, reusable packaging start-up Dispatch Goods has created a recycling solution to help restaurants, food delivery services and grocers by collecting and processing their food containers to be sold for reuse.

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