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WEEKLY TRADE UPDATES

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If you’ve come up with an online business idea that you think is a winner, it’s understandable to want to put everything into making it a success – this might mean quitting your current job. But did you know that most start-ups fail in their first year? In fact, according to a recent study, entrepreneurs […]

Last week Prime Minister Boris Johnson announced the appointment of two new Trade Envoys – assigned to Angola and Zambia, and Tunisia and Libya. Both MPs will be tasked with building on the existing trading relationships with these growing economies. As of October 2021, trade between the UK and these countries was worth over £2.5 […]

This week International Trade Secretary, Anne-Marie Trevelyan, signed a new free trade agreement with New Zealand, removing all tariffs on UK exports and cutting red tape for British businesses trading with the country. This deal is the most advanced agreement that New Zealand has signed with any other nation bar Australia and could boost the […]

The UK has now moved into the second ‘market access’ phase of negotiations with the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). The CPTPP is a free-trade area worth £8.4 trillion in GDP and moving to the final stage of the accession process is a key milestone for UK trade. Secretary of State for International […]

After a successful year of trade in 2021, totalling £13.3 billion and an 11% increase on 2020, the UK and South Korea will look to start enhanced trade talks later this year, reviewing areas such as digital, the environment and supporting small businesses. South Korea is one of the largest economies in the world, and […]

The UK government will begin their eight-week consultation with businesses and the public before negotiations with Israel begin later this year, as they look to build on their £4.8 billion trading relationship. A new deal would aim to strengthen bilateral trade, particularly in industries like digital, services and life sciences, and seize new opportunities in […]

According to research, there is a three-phase approach that all businesses need to go through to recover from the COVID-19 pandemic – response, recover and thrive. However, changes in consumer expectations, greater lines of communication and recruitment of new staff mean that small businesses may find it easier to adjust and thrive in a post-pandemic […]

Ahead of what the International Trade Secretary has described as a “five-star year for trade”, the second round of the International Trade Development Programme was announced, which will provide first-hand experience to the UK’s aspiring leaders in international trade. Successful candidates will be placed in top teams within the Department of International Trade, where they […]

Ambitious trade talks between the UK and India kicked off in New Delhi last week, as the UK seeks a Free Trade Agreement with one of the fastest-growing economies in the world. The agreement could slash trade barriers and almost double British exports to the country, boosting the UK’s total trade by up to £28 […]

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