In a remarkable reversal of fortune, the UK topped the list of G7 nations’ export growth figures in April. The international delivery expert ParcelHero says new data shows UK exports soared by 5.86 per cent in April, to $38.25bn (around £30.74bn, seasonally adjusted). That was the biggest percentage rise in exports of all the G7 … Read more
Memorandum of Understanding agreements signed during UK Deputy Prime Minister Oliver Dowden’s first international visit since his appointment last year. UK Deputy Prime Minister Oliver Dowden and Singapore’s Minister for Communications and Information Josephine Teo sign two Memoranda of Understanding during Deputy Prime Minister Dowden’s visit to Singapore agreements will further UK and Singapore’s world-leading … Read more
But UK ministers still refusing to acknowledge any economic harm from quitting the EU B rexit has been an “economic disaster” for trade and investment ties between the United Kingdom and Germany, leading to a fall in German direct investment and seeing the UK decline in importance as a trading partner, German economists warned on … Read more
Ministers have been warned that European food producers are “not ready” for UK import checks, which are due to begin later this year, and that their introduction will drive food price inflation. The controls have already been postponed four times over the past 18 months, because of fears about the potential effect on prices. Farming … Read more
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