Post-Brexit rebound: UK exports to EU climb rapidly July 9, 2021 UK exports to the EU have climbed sharply, defying fears that Brexit would dampen trade between the two blocs, figures published today reveal. Exports of UK goods to the EU jumped eight per cent in May, an increase of £1bn over the last month, according to the ONS. Total exports of UK goods to all [...]
Brazil is the most complex country to do business, Denmark the easiest July 1, 2021 Brazil ranked first in the list of the most complex jurisdictions to do business in 2021, according to the eighth Global Business Complexity Annual Report Index (GBCI). The bureaucracy involved while incorporating a business and dealing with different tax rates in cities and states puts Brazil on top of the most complex place for business. [...]
£700bn market: UK’s digital trade talks with Singapore underpin Britain’s role as a global tech exporter July 1, 2021 The UK and Singapore launched negotiations this week on a new ambitious digital trade agreement that could remove barriers and provide access to digital trade. Government statistics show this digital trading relationship was worth £3.2bn in 2019, out of Britain’s total tech exports of nearly £63bn globally. As the value of the entire digital global [...]
UK to EU exports rise to near pre-Brexit levels as trade deficit drops June 30, 2021 After a catastrophic start to the year, UK exports to the EU have risen to near 2019 levels, before the UK exited the European Union. In April 2021, EU exports were down around two per cent from the same time two years ago, according to ONS stats, marking a considerably better performance than in January, [...]
To succeed in 2021’s complex world of trade, businesses need to go beyond the basics June 29, 2021 | City Talk As businesses grapple with the effect of COVID-19 on global supply chains and issues of geopolitical instability, and with global sustainability and emerging technologies weighing on the minds of business decision makers, international trade is more complex than ever before. New research from EY shows that this fact is not lost on businesses, with the [...]
UK begins Singapore digital trade talks June 28, 2021 The UK will today start trade talks for a digital trade agreement that could remove barriers to trade and enable UK exporters to expand into high-tech markets around the world. International trade secretary Liz Truss is due to begin virtual negotiations with Singapore today for a Digital Economy Agreement (DEA). The UK is the second largest [...]
Confidence among UK business leaders highest since Brexit vote June 24, 2021 UK bosses’ confidence in the economy was buoyed by vaccine optimism to its highest level since just after the Brexit referendum, a new survey has shown. The confidence tracker from the Institute of Directors (IoD), a body for business leaders, has been in positive territory for around 12 months. A positive score means more company [...]
Dominic Raab meets with Cambodian officials to discuss trade and COP26 June 23, 2021 Foreign secretary Dominic Raab has met with his Cambodian counterpart today, as the UK leans towards trade pursuits in the Asia-Pacific region. In the first meeting with a British foreign secretary since 1953, Raab will speak with Cambodian foreign minister Prak Sokhonn in Phnom Penh, the country’s capital. Raab landed in Hanoi, Vietnam earlier in [...]
UK starts Asia-Pacific trade negotiations June 22, 2021 Dominic Raab will today start trade talks about joining a free trade area in the Asia-Pacific region, which would grant the UK access to some of the biggest economies in the world. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is made up of 11 nations including Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, [...]
UK remains an attractive M&A destination, climbing slightly despite Brexit June 17, 2021 Britain has remained an attractive destination for inbound investment despite leaving the European Union, according to the latest global rankings for M&A attractiveness. The UK climbed two places to the fifth most attractive place in the world for M&A activity in 2020, in the latest global Mergers and Acquisitions Attractiveness Index Score (MAAIS) by City [...]