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WEEKLY TRADE UPDATES

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After submitting its application in 2020, the UK has become a Dialogue Partner with the Association of Southeast Asian Nations (ASEAN). The partnership will see a closer relationship between them on issues such as trade, investment, climate change, environmental, science, technology and education. International Trade Secretary, Liz Truss, said: “Along with CPTPP accession and deals […]

For small business owners, one of the biggest challenges is standing out from the crowd, especially when you are competing with other businesses of similar sizes or bigger, but might not have the same budget or resources to work with. So what can you do to grow your business and achieve your marketing goals?

In response to the latest report on Green Trade, William Bain, Head of Trade Policy at the BCC has released a statement, declaring that businesses have a big part to play in the green transition, and that there needs to be support in order for them to access the new green market. In the press […]

This week the UK has launched its proposal for the Developing Countries Trading Scheme (DCTS). Through reduced tariffs and streamlining the rules of origin requirements, it will provide greater trading opportunities between the UK and lower-income nations, allowing them to grow their economy from within and reduce poverty. In return, the UK would benefit from […]

The reopening of shops, a sunny June and the Euro 2020 tournament have led to the highest growth on record for high street sales from April to June. Sales were up 28.4% from the previous year, whilst also 10.4% higher than 2019. Figures are also showing that online sales remain much higher than pre-Covid levels, […]

The UK and the Gulf Cooperation Council (GCC) have completed a Joint Trade and Investment review of their existing trading relationship, which was worth over £30 billion in 2020. The two governing bodies identified the following areas as key sectors that require greater market access: professional and business services; agriculture, food and drink; education; healthcare […]

Six months after the UK’s departure from the EU, SME exporters responding to our survey are presenting a mixed response around the impact that Brexit is having on their businesses. Whilst half (51%) will continue to prioritise exporting going forward, it’s clear that there are challenges, with a quarter (24%) of those who already export […]

This week the UK began negotiations to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a free trade pact involving 11 other countries with a joint GDP of £9 trillion and a population of half a billion people. Once agreed, joining the CPTPP will mean lower tariffs on British exports such as cars […]

The UK and Australia have agreed on a new trade deal, the first of its kind since the UK left the EU. The agreement will build on its existing £13.9 billion relationship and will remove tariffs on all UK goods, making it easier and cheaper to export to Australia for British goods such as cars, […]

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