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WEEKLY TRADE UPDATES

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This week Jeremy Hunt travelled to Beijing in his first major international trip since his appointment as Foreign Secretary. The visit builds on the Prime Minister’s trip at the start of the year where new measures to improve market access in China and remove barriers to trade were agreed. Speaking ahead of the visit, the […]

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The Department of International Trade (DIT) was formed two years ago to help businesses export, attract investment, negotiate market access and free trade deals, and champion global free trade. Since this formation, exports have grown by an average of £7 billon per month for the last 23 months, and DIT has actively helped firms secure […]

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The latest trade figures released by the Office of National Statistics (ONS) show demand for British goods and services is higher than ever. Exports in the year to May 2018 amounted to £620 billion. International Trade Secretary Dr Liam Fox said: “We’re seeing a shift in the UK where we’re continuing to sell more than […]

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The UK and Ukraine have released a joint statement welcoming progress on their trade relationship. Both countries have been engaging on the future growth of trade and investment links after the UK leaves the EU. Both the UK and Ukraine welcomed ongoing discussions to ensure continuity of the EU-Ukraine Association Agreement, which includes a Deep […]

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Latest figures released by the Department for International Trade show that UK goods and services rose to a record high of £620.2 billion in the year to March 2018. Demand for manufactured goods helped drive goods exports up by 10 per cent and exports grew faster to Canada (up 12.7 per cent), India (31.8 per […]

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Last week, the former Minister of State for Trade Policy, Greg Hands addressed businesses at the Prosperity Fund Business Forum. He spoke on how trade is the best and most sustainable way out of poverty. “Better-run economies benefit everyone – more trade for us, more business for you [businesses attending the forum], and a route […]

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The demand for British goods has never been higher and this year people around the world chose to buy British for Father’s Day. Recent HMRC data shows the value of UK goods exports increased by 8.2 per cent in the year to May 2018. Tech gadgets are still the number one choice for Father’s Day […]

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Latest figures released by HMRC in their positive analysis show the number of VAT-registered businesses exporting goods in England, Scotland, Wales and Northern Ireland has risen by 4.1 per cent from the previous year to 109,000. It’s reported that businesses are taking advantage of global interest in UK goods with the number of exports to […]

A survey from the British Retail Consortium (BRC) has reported that warmer weather, bank holidays and the royal wedding led to a boost in retail sales in May. Total sales rose by 4.1 per cent in comparison to one year earlier, the fastest pace for more than four years. The BRC noted that retail conditions […]

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