Also in the news...
Find out about new safety and security declarations that will apply from 1 October 2021 on goods leaving Great Britain (England, Scotland and Wales).
It is one of the best ways for the Italian citizen to manage their business. This corporate vehicle allows access to multiple advantages of an advanced jurisdiction such as the US and also manages to maintain a low tax rate with very manageable levels of accounting and bureaucracy.
Joint Ministerial Declaration on Future Economic Cooperation between the Association of Southeast Asian Nations (ASEAN) and the United Kingdom of Great Britain and Northern Ireland (UK).
These are exciting times for Dubai and the UAE. With the entire business world’s attention soon to turn to the Emirates with the delayed Expo 2020 kicking off in October (and continuing all the way through to the end of March next year) it’s never been a better time to be a UAE business owner
The concierge service provides a one-stop shop to help maritime businesses interact with government departments.
New service to open overseas markets for UK businesses
A new online service launched today will make it easier for British businesses to trade globally.
A new online tool launched today will allow British business to report issues preventing them from trading around the world.
Barriers include unnecessary, legal, regulatory or administrative requirements. This includes labelling restrictions, out-of-date regulations and licensing requirements.
The tool will ensure British businesses can flag these issues and the government’s trade experts can work with countries around the world to resolve them.
The online form allows any UK-based business to report a barrier that is stopping or hindering their trade and investment overseas.
Once a request is submitted, it is shared with the Department for International Trade’s global team of trade experts who assess trade barriers and work with other governments to resolve these issues. The Department will also collect feedback to improve the service offered to businesses.
Market access barriers make British exports less competitive than locally produced goods and services. In some cases, they can prohibit imports entirely.
A study by the OECD suggests all G20 economies could see increased exports by more than 20% in the long term, if trade barriers were halved globally.
The government has also announced today that it has resolved market access issues to:
- Lift the Mexican government’s ban on British exports of food condiments and supplements containing beef.
- Reduced restrictions on Vodka exports to Canada.
Other recent market access wins secured by the UK government include:
Lifting a ban on British beef and lamb exports to Japan in January 2019, allowing exports worth an estimated £130 million over 5 years.
Helping UK pharmaceutical company’s like GlaxoSmithKline win a £35 million contract in Bulgaria through securing changes to health procurement rules.
Lifting the ban on British pork exports to Taiwan in August 2018, allowing exports worth an estimated £50 million over 5 years.
International Trade Secretary, Liz Truss said:
Opening up new markets for British businesses is a top priority and the Department for International Trade has 1,000 people located around the world to help create more opportunities than ever before.
In the last 12 months, we’ve secured wins to sell beef to Japan, langoustines to China and pork to Taiwan – just to name a few.
I am delighted to announce today that we’ve secured new wins to lift the ban on exports of products containing beef in Mexico and reduce restrictions on Vodka exports to Canada.
I urge businesses to make full use of our new market access tool, which will help us to rapidly identify and knock down unnecessary trade barriers.
The Department for International Trade now has over 4,000 trade experts based in the UK and across 109 different countries worldwide.
One business already taking advantage of the opening of markets in Mexico is importer Impulsa.
Commercial Manager at Impulsa, Montserrat Cortina MP said:
Thanks to the support of the Department for International Trade in Guadalajara, over the last 2 years, the necessary procedures were carried out between Mexico and the UK at a government level to remove import restrictions on beef products from Great Britain. This means that, in 2019, we realised the reintroduction of products containing beef to Mexico after many years of absence in the market.
British businesses can now directly report barriers preventing them from trading online at great.gov.uk.