INTERNATIONAL TRADE DEPARTMENT UPDATE
Welcome to the August issue of our International Trade Newsletter, equipping you with the knowledge and tools necessary to thrive in the ever-evolving landscape of global commerce. In this issue you’ll find timely information on trade agreements, technological advances in the sector, regulatory changes and policy shifts that could impact your Read MoreMatch funding for Training Still Available
Funding is still available for our latest funding initiative, in partnership with Essex County Council, for international trade training! The newly announced match funding aims to provide support for our members aspiring to excel in the dynamic world of global commerce.
The initiative comes at Read MoreEffective supply chain management is the foundation of seamless global trade.
Supply chain management (SCM) is the process of managing the flow of goods and services to and from a business, including every step involved in turning raw materials and components into final products and getting them to the end user.
Manage your Read MoreChristmas Supply Chain Advisory as Houthi Attacks Continue
Delays and disruption are expected to extend to the Christmas supply chain season as Houthi attacks continue. Businesses are advised to review their supply chain planning early to meet deadlines.
Vessels continue to use the Cape of Good Hope as an alternative global shipping route in light of Red Read MoreUK joins groundbreaking global digital trade agreement
At the end of July the UK joined a groundbreaking agreement which is designed to grow the economy by boosting global digital trade.
After five years of negotiations, the UK and 90 other countries have finalised the E-Commerce Joint Initiative at the World Trade Organization (WTO), which will Read MoreDigital Trade Enters New Era
The prospect for significant growth in global e-commerce and other digital trade has received a big boost. It follows the conclusion of an agreed text by a majority of states through the World Trade Organisation’s (WTO) E-Commerce joint initiative.
Altogether, 91 countries (which account for 90% of all global trade) have initially Read MoreUK Export Finance helps 650 UK businesses to sell overseas
UK economy and workers have benefited from the government export credit agency’s highest level of business since 2020.
Hundreds of UK businesses benefited from £8.8 billion in support underwritten by UK Export Finance (UKEF) in the financial year 2023/24.
As the UK government’s Read MoreThe Food & Beverage GCC Opportunity – Taking First Mover Advantage
Size of the Opportunity
The food and beverage sector in the Gulf Cooperation Council (GCC) countries (United Arab Emirates, Saudi Arabia, Kuwait, Bahrain, Qatar & Oman) is experiencing rapid growth, presenting numerous opportunities for exporters.
In 2024, the GCC food and beverage market is Read MoreExpanding Horizons - Egypt the Gateway to Africa: Current Investment and Opportunities Portfolio
Following a successful EBCC and DBT infrastructure mission to Egypt in June 2024, the EBCC, HSBC, and UK Export Finance (UKEF) are thrilled to announce our upcoming Investment and Opportunities Forum taking place in the UK.
In the run-up to the forum, Read MoreStrong Month For UK Goods Trade
Responding to the latest trade figures published by the ONS, William Bain, Head of Trade Policy at the British Chambers of Commerce, said:
“June was a strong month for UK trade, with goods exports to the EU experiencing a double-digit rise. Services growth was steady for the month, and throughout the last quarter.
“The Read MoreTrade Remedies Authority defends £22 billion of UK trade
The Trade Remedies Authority (TRA) highlights its achievements in protecting the UK's economic interests against unfair international trade practices in new Annual Report and Accounts.
The report, covering the financial year 2023-24, showcases the TRA’s ability to adapt and thrive in the Read MoreCould you benefit from joining the UK Internal Market Scheme
If you move goods into Northern Ireland, you could benefit from joining the UK Internal Market Scheme (UKIMS). You can apply to join UKIMS on GOV.UK.
Benefits of UKIMS
UKIMS authorisation allows trusted traders to declare eligible goods 'not at risk'. That means you won’t Read MoreTRADE UPDATES FROM THE BRITISH CHAMBERS OF COMMERCE
This month's updates from the British Chambers of Commerce (BCC)
► The new Product Safety and Metrology Bill announced by the government will provide certainty for businesses in terms of usage of CE marking and also create a process for managing future regulation around Read More