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WEEKLY TRADE UPDATES

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New statistics from the Office of National Statistics (ONS) show that UK firms have sold more overseas in the 2018/19 financial year than at any time since records began. Despite the uncertain global economic outlook, UK exports have been increasing for the past 36 consecutive months, an indication of the unparalleled spirit and resilience of […]

Foreign Secretary Jeremy Hunt has welcomed British funding for business in Kenya. This includes £52 million for a solar power plant which will create up to 250 direct new jobs and a further 5,600 jobs in the wider economy thanks to the availability of power. Jeremy Hunt said: “I have seen for myself the incredible […]

At an event in central London last week, Secretary of State for International Trade, Dr Liam Fox, named Qatar the UK’s ‘natural partner’ for trade. He has highlighted the increasing cooperation between the two countries and the importance of Qatari investment in the UK and how it has helped drive prosperity at home and abroad. […]

The International Trade Secretary, Dr Liam Fox, met with the Iraqi Prime Minister during his visit to Baghdad to discuss our bilateral trading relationship. Dr Fox announced a £1 billion increase in support available to British businesses operating in Iraq. This will provide more jobs and help to promote stability in the region. This support […]

Last week Minister of State for Trade and Export Promotion, Baroness Fairhead, met key Brazilian and Argentinian businesses and government ministers to discuss the UK’s commitment to trade and investment with the region. With trade already at healthy levels, there are significant opportunites for British businesses to build on strong trading ties. Brazil is the […]

A trade continuity agreement has been signed by Her Majesty’s Trade Commissioner to Europe, Andrew Mitchell, Ambassador of Iceland to the UK, Stefán Haukur Jóhannesson, and Ambassador of Norway to the UK, Wegger Christian Strømmen. The agreement covers trade in goods and means consumers and businesses in the UK will continue to benefit from more […]

The Office of National Statistics have released data that confirms there is a continuing demand for UK goods around the globe. One example of this is seen in exports to India increasing at the fastest rate amongst the UK’s top non-EU trading partners. Further figures also show the export of goods and services to non-EU […]

The UK has signed a trade agreement with a series of Carribbean countries meaning businesses and consumers will continue to benefit from current arrangements in place. The UK is an important export market for the Caribbean, buying 100 per cent of Saint Lucia’s banana exports in 2017. These preferential terms are part of the UK […]

An arrangement between the UK and the Pacific Islands to maintain existing trade arrangements was signed last week. The agreement will see British businesses and consumers continuing to benefit from trading arrangements with Fiji and Papua New Guinea after the UK leaves the EU. International Trade Secretary Dr Liam Fox spoke of the benefits this […]

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