War and international tensions have led to sanctions, tariffs, questions for business owners and not a lot of answers for how to mitigate the fallout. Here are some strategies to consider.
Tag Archive for international trade
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The UK-Australia trade deal and what it means for small business
by Anna Jordan • • 0 Comments
Originally written by Anna Jordan on Small Business
The Prime Minister recently announced a provisional trade deal (agreement in principle) between the UK and Australia.
It’s significant because it’s the first deal negotiated from scratch since leaving the EU.
There’s been a mixed reception to the news, with some excited about cheaper imports. However, others are questioning how effective it’ll be for the economy and what the damage will be for businesses in the agricultural sector.
We’ve outlined what the government have said about the agreement so far and how industry experts have responded.
Less red tape for SMEs
Under the plan, red tape and bureaucracy will be scrapped for more than 13,000 small businesses across the UK who already export goods to Australia. The agreement will deliver quicker export times and ensure small business have access to new intelligence that will better allow them to take on opportunities created by the deal.
National chair of the Federation of Small Businesses, Mike Cherry, said:
“A trade deal with Australia will come as great news for many of our members who have long been exporting there as well as those who are hoping to expand their trade ambitions.
“As we look beyond the pandemic and enjoy the benefits of post-Brexit
Hot Business News Today
The UK-Australia trade deal and what it means for small business
by Anna Jordan • • 0 Comments
Originally written by Anna Jordan on Small Business
The Prime Minister recently announced a provisional trade deal (agreement in principle) between the UK and Australia.
It’s significant because it’s the first deal negotiated from scratch since leaving the EU.
There’s been a mixed reception to the news, with some excited about cheaper imports. However, others are questioning how effective it’ll be for the economy and what the damage will be for businesses in the agricultural sector.
We’ve outlined what the government have said about the agreement so far and how industry experts have responded.
Less red tape for SMEs
Under the plan, red tape and bureaucracy will be scrapped for more than 13,000 small businesses across the UK who already export goods to Australia. The agreement will deliver quicker export times and ensure small business have access to new intelligence that will better allow them to take on opportunities created by the deal.
National chair of the Federation of Small Businesses, Mike Cherry, said:
“A trade deal with Australia will come as great news for many of our members who have long been exporting there as well as those who are hoping to expand their trade ambitions.
“As we look beyond the pandemic and enjoy the benefits of post-Brexit
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Doing business abroad: 2020’s top 3 countries for international expansion
by Partner Content • • 0 Comments
Originally written by Partner Content on Small Business
If you think your business could benefit consumers outside your home country, perhaps it’s time to expand your horizons. Many successful companies reach a point where they’ve earned a sizeable share of their domestic market, which makes going global their only logical next step.
Once you’ve decided to venture abroad, you will need to conduct extensive research to determine which locations to target. This will depend on factors like what goods or services your company offers and the market it currently serves. However, there are some countries which are arguably riper for investment than others, particularly those with a strong economy, availability of talent and low start-up costs, all of which serve as good indications of a nation’s suitability. Here are three nations to think about expanding into.
1. France
The first place you should consider is conveniently close to home. One of the top five countries to invest in and the world’s sixth-largest economy, France’s economic stature alone makes it well worth investigating. In their guide on doing business in France, international language experts London Translations cite France’s world-leading electronics, manufacturing and finance sectors as a great reason for British businesses to reach out.
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What Entrepreneurs Can Expect From the Trade War With China
by Cameron H. Tousi • • 0 Comments
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UK SMEs plan to boost European sales despite Brexit uncertainty
by Anna Jordan • • 0 Comments
The majority of British small businesses expect to increase overseas sales in the next year – especially with Europe. According to data released by international payments company, OFX, they are increasingly optimistic about international trade, despite uncertainty surrounding the terms of Brexit. OFX’s annual survey of 500 small business owners and senior managers found that 62
The post UK SMEs plan to boost European sales despite Brexit uncertainty appeared first on Small Business.
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Brave New World: Preparing for international trade after Brexit
by Owen Gough • • 0 Comments
With Britain’s withdrawal from the European Union on the horizon, small businesses are at a critical juncture when it comes to international trade. Since the EU referendum, the weaker pound has made UK products more affordable for overseas buyers, boosting international demand and encouraging many small businesses to increase their exports. Yet given the uncertainty
The post Brave New World: Preparing for international trade after Brexit appeared first on Small Business.
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What are the opportunities of expanding your business to the US today?
by Ben Lobel • • 0 Comments
European countries are awaiting major elections, Brexit looms heavily and the nuance of the special relationship enjoyed between the UK and the USA is yet to be affirmed in the light of recent presidential election. As a result, business owners are doubtless mindful of the fact that taking business abroad right now is a little
The post What are the opportunities of expanding your business to the US today? appeared first on Small Business.
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2017 to be a good year for SMEs that trade internationally
by Owen Gough • • 0 Comments
BDRC Continental publishes an update to its half-yearly SME Finance Monitor. The largest and most frequent study of its kind in the UK, research findings date back to the start of 2011 and are based on more than 100,000 interviews with SMEs, showing that 2017 will be a strong year for SMEs. The full report
The post 2017 to be a good year for SMEs that trade internationally appeared first on Small Business.
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UK firms adapt to ‘new normal’ of international trade
by Owen Gough • • 0 Comments
A new research report by AFEX reveals a sharp increase in the number of UK importers and exporters re-evaluating their international trade strategies following the June 2016 EU referendum. AFEX’s third Currency Risk Outlook survey questions more than 650 financial decision makers globally at SMEs engaged in international commerce about their attitudes towards global trade,
The post UK firms adapt to ‘new normal’ of international trade appeared first on Small Business.