The UK’s new Developing Countries Trading Scheme comes into force this June, improving Philippine businesses’ access to the UK market. On 7 June 2023, the UK government launched the Developing Countries Trading Scheme (DCTS) in Manila – a major milestone in opening up new trade and investment opportunities between the two countries. His Majesty’s Ambassador … Read more
Department of Foreign Affairs and Trade The Australia-United Kingdom Free Trade Agreement enters into force today. The agreement is a gold standard trade deal that delivers benefits for all Australians – including manufacturers, workers, farmers, tradies, innovators, families, and students The United Kingdom is one of Australia’s major trading partners, with two-way goods trade worth … Read more
Exports of fruit fell from £248.5m in year to March 2021 to £113.8m in 12 months to March 2023 Long delays at UK ports are dissuading many fruit farmers from sending their produce abroad. Photograph: Peter Nicholls/Reuters Exports of fruit from the UK to the EU, including traditional English apples and pears, have more than … Read more
Total trade in goods and services between the UK and Iran was £696 million in the four quarters to the end of Q4 2022, an increase of 71.9% or £291 million in current prices from the four quarters to the end of Q4 2021. Of this £696 million, total UK exports to Iran amounted to … Read more
Both the Australian and New Zealand Governments have announced free trade agreements with the UK that will eliminate import tariffs for Australian and New Zealand made wine. Australian Grape & Wine CEO Lee McLean welcomed the Prime Minister’s announcement of 31 May as the date of entry into force of the Australia-United Kingdom Free Trade … Read more
Brazil sees the UK as a strategic market for animal protein after Brexit. Photo: Wirestock The United Kingdom increased the import quota of poultry meat from Brazil by 20.7%, from 79,900 to 96.500 tonnes per year, according to the Brazilian Association of Animal Protein (ABPA). The entity calculates an increase in revenue to Brazilian exporters … Read more
Recent events in co-operation between Kazakhstan and the United Kingdom have opened new horizons for both countries to maximize the benefits in trade and investment. The test of time and geopolitical developments have proved the stability of this partnership, enabling the countries to further enhance business ties and work together to address emerging economic and … Read more
Both sides now continue to thrash out the thorny issues pertaining to the trade pact Government Officials Said An Investment Treaty Was Also Being Negotiated As A Separate Agreement–Bilateral Investment Treaty. It Will Be Concluded Simultaneously With The India-UK FTA The ninth round of the India-United Kingdom free trade agreement (FTA) talks is scheduled from … Read more
Analysis of the latest OECD monthly trade figures shows the UK has experienced the lowest growth in the value of its exports of any G7 nation since January 2019. Analysis of the latest monthly international trade statistics from the Organisation for Economic Co-operation and Development (OECD) for January 2023 reveals the value of the UK’s … Read more
The UK last week announced an agreement in principle to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a move largely supported by industry leaders. The UK government predicts that “in the long run, [the deal] could boost the UK economy by £1.8bn” and increase UK exports to CPTPP members by £1.7bn. The … Read more