In the countdown to the UK leaving the EU, the Institute continues to be invited by national print and broadcast media and trade publications to discuss possible outcomes for UK export trade.
The latest media enquiries include a request from The Guardian for a reaction from IOE&IT Director General, Lesley Batchelor OBE, to Theresa May’s 12-point plan, which was revealed on Tuesday.
By Lesley Batchelor OBE, Director General of the Institute of Export & International Trade
There has been much stated about the pros and cons of globalisation. Critics include groups such as environmentalists, anti-poverty campaigners and, surprisingly, trade unionists.
They claim that globalisation helps the richest countries to continue to dominate world trade at the expense of developing nations. The role of Least Economically Developed Countries (LEDC) in the world market is mostly to provide the North and West with cheap labour and raw materials.
The World Bank’s World Integrated Trade Solution (WITS) has reported that Saudi Arabia’s import levels now stand at $163.8bn, with Nigeria’s reaching $46.5bn.
It’s no surprise then that Institute members, and firms new to export, are looking to expand their business into the Middle East and Africa’s incredibly lucrative and growing markets.
By Ian Bouquet-Taylor, group head of supplier excellence, Meggitt PlC
As the UK prepares for a new future with the advent of Brexit, this is perhaps a time to reflect on the challenges that face our manufacturing sectors.
Growth, although improving, is still very low at around 1%. The Government is concerned that productivity growth is well behind other countries – and at levels not seen in over a century. This is slowly widening the gap in global competitiveness between us and other developed nations. With that in mind, what should we do?
If you were unable to attend our dynamic Making Russia Easy workshop in December, there is another chance to learn about the wealth of trading opportunities with this vast market.
The Institute and Albion (Overseas) Ltd will team up again to run a second half-day MRE event, which is free to members, on March 21st at the Marriott Hotel, Peterborough. Here, expert presenters will also explore practical issues, such as finding and working with distributors, business culture, product certification, travelling to Russia and sending goods there.
Members of the Institute of Export & International Trade, the professional membership body representing and supporting the interests of everyone involved in importing, exporting and international trade, know that making the effort to decipher the complex terms, coverage and rules of origin for trade agreements can allow them to leverage the substantial cost-savings that they offer, whilst maintaining highest levels of compliance. It comes, therefore, as no surprise that these leading global players have been buzzing with questions on the Registered Exporters (REX) System. We interviewed the Young President of the IOE&IT, Mr. Arne Mielken and asked some burning questions on REX.
The New Year presents a great opportunity for you to focus on certain areas that you would like to improve on and make sure that the year ahead is a successful and fulfilling one.
Although New Year’s resolutions commonly focus on getting fit or taking up a new hobby, a large number of people aspire to take steps to give their career a much-needed boost.
The Institute of Export & International Trade has always made it a top priority to equip its members with the knowledge, skills, information and learning to gain and maintain a competitive advantage in international trade.
There is still time for international trade professionals and their employers to sign up for the next intake on our Foundation Degree, Bachelors Degree and Masters courses, starting in January 2017. These career-boosting qualifications equip students with the professional and academic skills to succeed in international business.
Famous monuments of the world grouped together and celebrating Christmas
In the Christmas countdown we wanted to celebrate the colourful and wonderful diversity of Xmas and New Year customs of some of our European neighbours – and countries further afield.
The widely differing celebrations across these territories also illustrate the importance of being equipped with an understanding of local cultures when trading in overseas markets.
We’ve focused on some of the countries featured in our dynamic series of Doing Business Guides, each designed to give international traders a basic knowledge about a particular country to help them export there. Inexperienced exporters in particular find them a useful starting point and we signpost other sources of help and information as much as possible.
The latest in the Institute’s vibrant Doing Business Guide series – which advises and assists UK companies who are looking to trade and invest in opportunity-rich overseas markets – has been published.
Doing Business in Denmark offers businesses working in international trade an insight into a highly developed nation that will help them to begin exporting their goods and services there.
Equipping our members with learning, information and knowledge is always a high priority for the Institute of Export & International Trade.
This year, our remit has taken on an even greater importance in a time of great change and uncertainty when we have been delighted to deliver a series of events and programmes, including our first ever World Trade Summits, which took place in London and the West Country – along with a series of post-Brexit workshops to help businesses working in international trade plan their next steps.