IOE and IT chairman to address Foreign Chambers of Commerce on opportunities and challenges for UK trade

Fri 27 Aug 2021
Posted by: IOE&IT staff
IOE News

The opportunities for UK trade in a post-Brexit world will be a core theme of an address by Terry Scuoler CBE to the Council of Foreign Chambers of Commerce (CFCC) on 21 September.

At a webinar entitled ‘In Conversation with Terry Scuoler CBE’, the chairman of the Institute of Export & International Trade will blend upbeat forecasts of trade opportunities for the UK with warnings of growing protectionism by the world’s two economic superpowers, the US and China.

The webinar, which is free to attend but requires pre-registration, is being organised by the Spanish Chamber of Commerce in conjunction with the CFCC.

The CFCC is an umbrella organisation for foreign chambers of commerce operating in the UK, with a mission to promote members’ collective interests in multilateral cooperation, in trade and investment and provide united representation.

Africa and Asia

The IOE&IT chairman will outline how developing countries and new markets in Africa and Asia “offer opportunities for significant increases in mutually beneficial trade”.

At the same time, he will highlight the role of nearly 70 post-EU trade agreements in offering the UK the chance to better tailor its trade in goods and services in line with its industrial and wider economic strategies.

‘Huge potential force’

“The CFCC, with its 35 member national Chambers, plays a key role in facilitating this huge potential force for good and it is a pleasure to support it,” Scuoler said.

Attendance at the webinar, which broadcasts from 3-4pm on Tuesday 21 September 2021, can be booked here.

Summary of talk

The online session with the IOE&IT chairman will cover the following trade topics:

  • The strengths, weaknesses, challenges and opportunities facing UK trade
  • The territories which hold the most growth opportunity for UK service exports and which services hold the most growth export potential for the UK
  • Protectionism – a growing concern?
  • The challenges of growing service exports

The conversation will be followed by a curated Q&A session.

‘Easing geo-political tensions’

Scuoler told the Daily Update he looked forward to the talk, given that the “role of international trade, as the world emerges from the Covid pandemic, has never been more important and will be key in helping the return to economic growth, job and wealth creation and the easing of global geo-political tensions.

“In the context of the UK, while the challenges of global growing protectionism led by China and the US need to be urgently addressed, opportunities to exploit our post Brexit status as an independent trading nation abound,” he said.