News from our global business network
INTERNATIONAL TRADE DEPARTMENT UPDATE
Welcome to the March issue of our International Trade Newsletter, where we navigate the currents of international trade to bring you insights, analysis, and opportunities from around the globe. In this issue, we embark on a journey through the ever-changing landscape of global commerce, shedding light on the trends, challenges, and innovations shaping Read More
LAUNCH OF THE TRADE EXPERT TRAINING ACADEMY – FUNDING AVAILABLE FOR MEMBERS
Essex Chambers of Commerce are thrilled to announce the launch of our new Trade Expert Training Academy. This milestone marks a significant leap forward in our commitment to fostering global excellence and empowering our businesses to trade internationally. The Read More
Red Sea Crisis Update
Attacks continue while retailers increase stock volumes The latest reported attack occurred recently when the crew of a UK-registered cargo ship abandoned the vessel after it was hit by a missile. No injuries were reported. Soon after, Houthi militia also claimed responsibility for a strike targeting an MSC-controlled bulk carrier crossing the Read More
SCALE OF RED SEA DISRUPTION REVEALED
New research by the BCC’s Insights Unit has uncovered the scale of the impact on UK businesses caused by the disruption to shipping in the Red Sea.  Almost two fifths (37%) of more than 1,000 firms surveyed overall for the research said they had been impacted – with exporters, manufacturers and B2C businesses (which include retailers Read More
What are Dangerous Goods and why is it important for your business to recognise them - Training availble
Did you know that you are surrounded by goods that are classified dangerous? On their own they may present little danger but when transported in quantity there are regulations in place to protect the safety of anyone handling and transporting the goods. We Read More
Boost for London and East of England businesses with new direct cargo flights to Hong Kong
Hong Kong Air Cargo has launched a new service this week connecting London Stansted with Hong Kong, one of the world's most important economic hubs. The Chinese carrier has selected Stansted for its first ever UK service, which will initially operate Read More
Update to Russia Sanctions & New UK Sanctions Strategy
The Foreign Secretary, David Cameron, has announced more than 50 new sanctions targeting individuals and businesses sustaining Putin’s illegal war in Ukraine.  Sanctions crack down on those supplying his depleted armoury with munitions such as rocket launch systems, missiles and explosives. Read More
Ukraine business guide: helping UK businesses trade with Ukraine
THe UK Government have released a Ukraine Business Guide to provide UK businesses the core information necessary to understand the challenges and opportunities of trading in Ukraine. This guide is tailored to provide UK businesses of all sizes and from a range of sectors with the core information Read More
Global Opportunities – Where to start
Are you ready to go global? If you’re the owner of an established business that is generally successful and profitable, you may be ready to expand into international markets and grow your business. When it comes to expanding internationally, there are a lot of things to consider. It can bring Read More
Weak Start To 2024 For UK Exports
Responding to the latest Office for National Statistics data on UK trade for January, William Bain, Head of Trade Policy at the BCC, said:  “There was a slow start to the year in export volumes for both goods and services, with a modest rise in volumes of goods imports.  But the UK is not alone in experiencing this, with US and major Read More
Deadline approaching for Export Declaration migration to CDS
HMRC’s Customs Handling of Import and Export Freight (CHIEF) system is being replaced by the Customs Declaration Service (CDS). The first phase saw all import declarations being made through the CDS with the deadline of the second phase for export declarations fast approaching.  In Read More
Assuring Safety & Quality: Product Conformity Assessments in Major Global Markets
How product conformity assessments ensure smooth access to your target markets while upholding consumer safety and product quality. For over a century, SGS has consistently upheld its commitment to the highest standards of integrity and compliance. Read More
A new name for Innovate UK
Innovate UK has been transforming its products and services portfolio to provide innovators with the most suitable funding and support on their growth and scaling journeys, and to help businesses and stakeholders better navigate our offer. As part of this, Innovate UK EDGE will be changing its name to Innovate UK Business Growth. The new name provides Read More
European Commission guidance on the EU CBAM for UK exporters
On 1 October 2023, the European Union’s Carbon Border Adjustment Mechanism (CBAM) entered into application in its transitional phase. During the transitional phase, importers of CBAM goods in the EU are required to report a set of data, including emissions embedded in their Read More
TRADE UPDATES FROM THE BRITISH CHAMBERS OF COMMERCE
This month's updates from the British Chambers of Commerce (BCC) ►  The BCC joined over 20 EU Ambassadors for a discussion on the experiences of UK businesses with EU trade, and to present our policy recommendations and new findings. Our Director General, Shevaun Haviland, took part in Read More
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