The Executive, 1 High Street,
High Times, Highlands
Boost for UK exports after historic international deal
Commenting on the trade figures published by the ONS, David Kern, Chief Economist at the British Chambers of Commerce (BCC) said:
“On first glance the trade figures are exceptionally good. However, it would be premature to celebrate the virtual disappearance of our trade deficit.
“A few weeks ago the ONS reported a historically high trade deficit in real terms for Q1 2015, coupled with an unsustainably large current account deficit, so we need to look closely at today’s figures against the longer-term trends.
“Beneath the surface we see that exports in current prices were unchanged between April and May and in volume terms exports fell by 3.4%. It’s also important to note that the main reason for the fall in the deficit was the fall in imports, not a significant rise in exports.
“If these figures signal the start of an improving trend then of course that is positive. However, the longer term data suggests that we still have some way to go to close our trade gap for good. Boosting Britain’s exports should be a national priority – this will require greater support for exporters, particularly SMEs, to penetrate growing markets beyond the EU.”
Events are one of the most effective ways to support companies that are looking for trade opportunities and that are undergoing periods of transition
If you plan to start exporting, you’ll need to follow rules that depend on whether your goods or services are going to a country:
in the EU
outside the EU
outside the EU via an EU country
You can call us to help with all export and import to mediate a freight forwarder if you don’t want to deal with export procedures yourself.
Contact us for a free consultation.
UK Export Finance can be available & provides small and medium-sized businesses with trade finance and insurance for exporting.
June 12 - 14, 2016
The 17th Guangzhou Int'l Exhibition of Casting Products and Technology Symposium 2016
17-18 November 2016
Thursday: 10am – 6pm
Friday: 10am – 5pm
International Festival for Business 2016
Dates: 13 June - 1 July 2016