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Northern Ireland firm expands into new markets after new partnership between UKEF and Ulster Bank
UKEF’s support helping Maxflow gain access to capital through its General Export Facility (GEF) will see the business expand into new export markets.
New global growth team
A new ‘global growth team’ of UK Trade Envoys has today been appointed by the Trade Secretary to drive UK exports and investment.
New 'global growth team' appointed by Trade Secretary
A new ‘global growth team’ of UK Trade Envoys has today been appointed by the Trade Secretary to drive UK exports and investment.
UK Trade Minister visited South Africa and Botswana to strengthen trade ties
This was the first visit to Africa by UK Minister for Trade Policy Douglas Alexander, which forms part of the UK Government’s wider resetting of partnerships with Africa, which the Foreign Secretary set out in November during his visits to Nigeria and South Africa.
Former Amazon boss named interim chair of CMA
Doug Gurr will lead the CMA on its mission to support growth for the UK
Scotland's biggest trading partner continues to be the UK
Scotland exported £51.2 billion in goods and services to the rest of the UK in 2018 – a rise of £1.2 billion.
Today’s annual export statistics from the Scottish Government show that more than 60 per cent of all Scottish exports go to England, Wales and Northern Ireland, more than the rest of the world combined, the figures reveal.
In comparison, Scotland’s exports to the EU are worth £16.1 billion, which is less than one third of value of our sales to the rest of the UK.
Total Scottish exports are estimated at £85 billion – a rise of almost three per cent, boosted by a strong performance in the food and drink sector, with whisky bringing in £4.7 billion in international exports alone.
Total international exports are valued at £33.8 billion.
Commenting on the figures, Scottish Secretary Alister Jack said:
The Scottish Government’s own figures show that Scotland’s most important trading partner is the rest of UK - worth more than three times that of trade with all 27 EU countries combined. This demonstrates, once again, that our Union is absolutely crucial to supporting jobs, businesses and prosperity across Scotland.
That is why we are against the First Minister’s demands for another independence referendum, which would put a hard border between Scotland and the rest of the UK. We will instead make 2020 a year of opportunity and growth for all parts of our country.