Also in the news...
Brilliant Borders: Kenya's Customs goes digital
A new app will save time and money for big businesses and small traders alike, as a longstanding Kenya-UK partnership further improves cross-border trade.
Yorkshire family brewery taps into new export opportunities with Government guarantee
UKEF support helps Wold Top brewery to expand its exports into new markets.
Bond Support Scheme
Find out about the Bond Support Scheme - how it works, its benefits and how to apply.
UK and African business leaders arrive in Togo to create trade and investment deals
The event brings together delegations from ten African nations alongside leading UK companies and investors to advance partnerships that promote economic growth and jobs.
Countering sanctions evasion: guidance for freight and shipping
For freight forwarders, carriers, hauliers, customs intermediaries, postal and express operators, and other companies facilitating the movement of goods.
UK and China sign agreement to boost exports
UK Export Finance (UKEF) and the China Export & Credit Insurance Corporation (SINOSURE) have committed to a framework for strengthened co-operation, paving the way for increased UK and Chinese exports.
The agreement, signed today in London, creates a framework for UKEF and SINOSURE to co-operate in supporting contracts in third countries involving both UK and Chinese exports. The move is designed to enhance the two export credit agencies’ (ECA) ability to support exports by increasing their risk capacity for projects sourcing goods and services from the UK and China.
The agreement will also facilitate co-operation between Chinese and UK firms as they compete for business in other countries. UKEF and SINOSURE will work together to identify opportunities for trade in capital goods, equipment and services involving co-operation between the two countries.
Louis Taylor, UKEF Chief Executive Officer, welcomed the agreement, saying:
This agreement creates huge opportunities for British exporters. UK companies can now work with Chinese firms to make their joint offering ever more competitive.
And by helping to share market expertise and increasing risk capacity, UKEF is supporting UK exporters to win contracts, not just fulfil those they have already won.
Mr Wang Yi, Chairman of SINOSURE, said:
SINOSURE welcomes this partnership. Closer co-operation will help SINOSURE and UKEF to support Chinese and UK exporters as they look to trade internationally.