Exporting News

Learn the latest exporting news and expert advice from our team of consultants. From advice on starting trading on the international stage to how to identify profitable markets, as well as the key exporting news you need to know about, we’ll be posting the content you need to read right here. 

UK formally tells EU Transition Period won’t be extended

UK formally tells EU Transition Period won’t be extended

The UK government has formally notified the European Union that it won’t be seeking an extension to the Transition Period and wouldn’t accept one should it be offered.  Following the announcement, the government set out details of its accelerated border planning for controls on EU goods coming into the Great British marketplace from January 1st

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UK trade talks with Japan get underway

UK trade talks with Japan get underway

The UK has begun the first round of trade negotiations with Japan in the first step of government plans to join the Comprehensive Progressive Agreement for Trans-Pacific Partnership (CPTPP) – a trading region which covers nearly 500 million consumers from Australia and New Zealand to Chile, Canada and Peru amongst others. Designated ‘a key UK

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UK SMEs diverting exports away from the EU

UK SMEs diverting exports away from the EU

The UK’s smallest exporting firms are reportedly ‘jumping before they’re pushed’ by selling products away from the EU.  Some £10bn in exports have been diverted to other international markets over the last four years according to research from Aston University in what it calls evasive action from businesses to mitigate the damage of a potential

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Be prepared for no-deal Brexit, BoE warns lenders

Be prepared for no-deal Brexit, BoE warns lenders

The Bank of England has warned lenders to bolster their no-deal Brexit planning in the event of a cliff-edge departure from the European Union at the end of the year.  Governor Andrew Bailey, who in his first few months in the role has already had a pandemic crisis to deal with, has called on financial

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food exports fall coronavirus

Q1 food and drink exports fall by £700 million

The coronavirus pandemic has hit food and drink exports hard with a £700 million drop in value compared to 2019, equating to a 12.7% fall.  That’s according to the Food and Drink Federation who noted whisky, chocolate, cheese, salmon and gin as the hardest hit, pulling back on increasing demand over the last five years

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Government to guarantee trade credit insurance from the end of May

Government to guarantee trade credit insurance from the end of May

The government has agreed to temporarily guarantee trade credit insurance to support businesses struggling to get cover during the pandemic.  The guarantee will help both domestic and exporting companies within the supply chain.  With almost all sectors being financially impacted due to coronavirus, some firms have seen the number of payment defaults increase, making it

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UK SMEs hopeful US trade deal could mitigate coronavirus damage

UK SMEs hopeful US trade deal could mitigate coronavirus damage

As UK-US talks on a free trade deal officially get underway, there’s hope in the SME community that an opportunity arises which will help mitigate some of the damage caused by Covid-19.  Almost 200 negotiators will be locked in detailed discussions, via video call, every six weeks in a deal that could see UK-US trade,

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Coronavirus live chat leads to government policy change

Coronavirus Live Chat support leads to government emergency loan policy change

Go Exporting’s free coronavirus Live Chat support service for exporting businesses has helped change the rules surrounding the government’s emergency loan scheme, making it easier for exporters to access funds.  The Coronavirus Business Interruption Loan Scheme has made £1.25 billion available to UK firms who have seen trade dry up due to the lockdown. However,

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UK Local Authorities report

Enterprise Ireland launches UK Local Authority Report

Enterprise Ireland has launched its UK Local Authority Report following working with Go Exporting to produce and provide the research and overview. The report outlines the 353 UK councils, their structure and the opportunities they present for Irish companies. See below for a snapshot of the report. Enterprise Ireland is the Irish Government’s trade and

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Firms prepared for a no-deal Brexit better placed to deal with pandemic crisis

Firms prepared for a no-deal Brexit better placed to deal with pandemic crisis

Businesses who made contingency plans ahead of a potential no-deal Brexit could be better placed to mitigate the disruption and economic standstill caused by the coronavirus pandemic.  That’s according to directors at some British firms where scaling back investment and diverting capital to create stockpiles of critical components has left them in a better position

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DIT outlines financial support to available to UK exporters

DIT outlines financial support available to UK exporters

The Department for International Trade has set out the support on offer for some 160,000 UK exporters and international investors.  Through direct communication sent last week, the DIT outlined how firms can secure export finance to enable them to keep trading during the pandemic as well as advice on other financial support available to businesses.  

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Coronavirus advice and support for exporting businesses

Coronavirus Live Chat support launches for exporters

Today Go Exporting has launched a free Coronavirus advice and support Live Chat service. The Live Chat is available to any exporting business to ask specialist questions and get expert advice on matters relating to international trade where Coronavirus has affected their business operations. The service is designed to support exporters to navigate as best

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UK goods exports end 2019 on a high

UK goods exports end 2019 on a high

Goods exports across all four UK nations rose once more in 2019 ending a strong year heading into the current period of pandemic uncertainty for businesses.  HMRC reported that, over the 12 months, international sales of goods from England rose 2% to £254bn. Scotland saw the largest growth at 4.4% to £33.6bn whilst Wales saw

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Coronavirus impacting three-quarters of business supply chains

Coronavirus impacting three-quarters of business supply chains in the US

Businesses are reporting that coronavirus is starting to impact their supply chains.  That’s according to a survey by the Institute for Supply Management of over 600 US companies which found that nearly 75% of firms are seeing capacity disruptions within their supply chains as a result of transport restrictions due to the pandemic. More than

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coronavirus exporting business

How worried should exporting businesses be by Coronavirus?

Coronavirus has already had a huge effect on businesses worldwide and is starting to infect the working norms of UK firms too.  On the day that the Bank of England dropped the base rate back to a historic low and The Budget included measures including covering the cost of sick-pay for small businesses, many large

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