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An economist has reminded those fearing the consequences of a no-deal Brexit that trade won’t simply ‘collapse overnight’ if no agreement is reached before the end of the transition period. Catherine McBride has noted that demand from both businesses and consumers will continue to drive trade and investment between the two sides – though that
Trade talks between the UK and Japan over a post-Brexit trade deal were by all reports going in the right direction with both sides suggesting an agreement could be in place by the end of the month. However, talks appear to have hit something of a hold-up. The culprit? Stilton cheese. Talks have apparently been
The former head of the World Trade Organisation has warned that a no-deal outcome to Brexit negotiations could relegate the UK from the top tier of world trade. Pascal Lamy, who headed the WTO between 2005 and 2013, commented in a discussion with CoronaNonics that the UK faces a stark choice between minor or great
The EU’s chief negotiator, Michel Barnier has warned European businesses that changes are inevitable as the countdown to the end of the transition period ticks on. He’s told both companies and citizens that they need to prepare for the UK’s departure from the single market and that, deal or no deal, changes to way of
A new study has shown how just one in four UK businesses is fully prepared for Brexit – despite the transition period set to end in just five months time. Released this month by the Institute of Directors, nearly half of the 1,000 companies they surveyed said they weren’t able to prepare despite the ticking
We hear a constant stream of news and expert opinion about the significant challenges Brexit will bring to UK exporters, it almost feels like a doomsday scenario! Yes, we need to be prepared and there will be changes to the way we do business, but what about the opportunities? There are not a lot of
Online service providers need to start preparing for an end to the UK’s inclusion in the eCommerce Directive following the conclusion of the transition period between the UK and EU. The eCommerce Directive is a set of rules relating to online activities within the European Economic Area and allows member states to operate in any
As the UK government and European Union negotiators continue in their search for a mutually-agreeable trade agreement, businesses have to carry on preparing for the end of the transition period as best as possible. Whilst no future deal is guaranteed, what is almost certain is a change in the way the two parties do trade
Over 100 business leaders from UK companies and business groups have written to the prime minister, once more reiterating the damage that a no-deal Brexit would cause to the economy. With Britain due to leave the EU at the end of this year and, despite the coronavirus pandemic, Boris Johnson confirmed that he won’t be
Last month, Go Exporting CEO Mike Wilson spoke to Ramzi Bouchrit on his web show on international trade to discuss a range of exporting issues, including Brexit. What factors do businesses need to consider? What will happen if a trade deal with the EU isn’t reached? Will the UK still be a viable option for
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
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
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
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
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
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
The UK government has confirmed plans to enhance border checks at ports in Northern Ireland and intends to release detail with the executive outlining ‘physical posts at ports of entry’ as soon as possible. Whilst the rest of the UK will stop following EU rules on agricultural and manufactured goods at the end of this
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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On 26th and 27th January, we’ll be joining Enterprise Nation for a special Amazon Bootcamp. The free educational online event will teach participants how to sell products globally, with sessions on marketplace essentials, guidance on shipping to the USA and selling into Europe after Brexit. The Amazon Small Business Accelerator Boostcamp is free to join
Join us between January 26th – 28th for Emerging Tech Fest 2021, Wales’ leading emerging technology conference. Delivered by CEMET, Innovate UK, KTN and Technology Connected, the three-day event will showcase some of the most exciting technology in Wales and beyond. Go Exporting CEO, Mike Wilson, will be delivering a sesson on 27th at 11:45am
The price of shipping freight across the Channel has surged following the end of the transition period as the realities of ‘Brexit for real’ kick in. The price of moving truckloads from France into the UK rose almost 40% in the first week of January – according to a report by Transporeon. Despite relatively quiet
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