Also in the news...
Protecting Business Reputation When Entering Foreign Markets
Expanding into new international markets presents promising growth opportunities. However, such moves come with challenges, especially when it comes to maintaining and protecting a business’s brand reputation.
Essential Steps When Moving Business Goods Across Borders
Shipping goods between countries brings up several obstacles for businesses. Customs rules and paperwork can differ significantly depending on the destination and the nature of the goods being shipped. Customs systems and documentation requirements vary across regions, making it necessary for companies to stay informed.
Sell to the world and grow your business
Compare international markets, create your export action plan and join the UK Export Academy for free training.
Maps of East Midlands Investment Zone tax sites
Find the Investment Zone tax sites within East Midlands Investment Zone.
First meeting of government trade advisory group
Representatives from businesses and interest groups met 6 June to discuss the UK’s future trade strategy with the Department for International Trade.
Meeting for the first time, the UK’s Strategic Trade Advisory Group will regularly convene to advise the government on the UK’s new independent trade policy as we leave the EU.
This includes advising on new trade agreements with the USA, Australia and New Zealand, as well as potentially joining the Comprehensive and Progressive Trans-Pacific Partnership.
The group is comprised of 16 representatives from business, trade union and civil society organisations that cover a wide range of interests from all parts of the UK. It will meet at least 4 times a year and membership will be reviewed on a yearly basis.
This is part of the government’s commitment to an inclusive and transparent trade policy that works for all regions and nations of the UK.
Dr Fox opened today’s meeting. The group is chaired by George Hollingbery, Minister for Trade Policy at the Department for International Trade ( DIT). A co-chair will be nominated from the membership in due course.
Speaking ahead of the meeting, Dr Fox said:
British businesses create jobs through exports and investment across the UK, so it’s crucial that any future trade deals work for them. That’s why I’m delighted that a range of business and civil society groups will be advising on a new independent trade policy that works for people across the whole of the UK.
As we leave the European Union, we have a golden opportunity to forge closer trading partnerships and negotiating ambitious trade agreements with the USA, Australia and New Zealand is a top priority.
At today’s meeting the group discussed market access and the department’s strategy for engaging with stakeholders on trade policy.
Gary Campkin, Managing Director, External Relations and Strategic Issues, TheCityUK, said;
As the UK looks to expand its global trade and investment relationships, ensuring a clear focus on its economic strengths, such as our world-leading services sector, will be vital. It is crucial that future trade agreements are ambitious and forward looking, including for financial and related professional services, which is the UK’s leading exporting industry.
The next meeting with take place in the autumn.