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WEEKLY TRADE UPDATES

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New statistics from HMRC show that overseas demand for British goods has increased across every UK nation. In the 12 months to Q2 2019, goods exports in England grew by 2.7 per cent, in Scotland by 14.5 per cent, in Wales by 6.8 per cent and in Northern Ireland by 6.8 per cent. Secretary of […]

As we draw closer to the 31 October deadline, what position is the UK in when it comes to securing tariff-free trading? So far, the UK has agreed 13 trade continuity deals covering 38 countries including South Korea, Central America and the Pacific Islands. The UK has also signed “mutual recognition agreements” deals with the […]

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 […]

With the summer holidays in full swing, November feels some way off – but peak season is fast approaching. Are you prepared? A recent DHL customer survey found that 65 per cent of respondents said they only plan one or two months ahead. Don’t miss out because of last minute planning, we’re here to help […]

New analysis of HMRC data by the Department of International Trade shows that the UK exported £1.2 billion in the four quarters to the end of Q1 2019 to the Caribbean Community, an increase of 76.1 per cent from the four quarters to the end of Q1 2018. Her Majesty’s Trade Commissioner for Latin America […]

International Trade Secretary Liz Truss met with David Parker, New Zealand’s Minister for Trade and Export Growth, to discuss a future trade agreement between the two nations. They agreed to move as quickly as possible towards a free trade agreement after the UK has left the European Union. Liz Truss commented on the deeply rooted […]

Analysts Retail Economics have found that online shopping could more than double its share of the retail market by 2028 as younger people who grew up with the internet become more than half of the UK’s adult population. Retailers will need to adapt to the increasing change with the internet expected to account for half […]

The Department for International Trade (DIT) is to be given part of the official £14 billion aid budget. The funds are to be spent on helping developing countries learn from UK trade deals. Trade Secretary Liam Fox confirmed the measure and commented on how it would bring development and trade closer together. “[…] we want […]

New statistics from the Office of National Statistics (ONS) show UK exports are growing, despite the global economy slowing down. UK exports of goods and services in the 12 months to May 2019 increased by 4 per cent to a record high of £647.1 billion. Secretary of State for International Trade, Dr Liam Fox, said: […]

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