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Shock Shrink in UK Manufacturing Output PDF Print E-mail
Written by Administrator   
Tuesday, 07 July 2009 11:15
British manufacturing output suffered an unexpected shrink in May as some economists had been predicting a turnaround in manufacturing given recent survey data.

Manufacturing output fell 0.5% on the month in May versus expectations of a 0.2% rise, according to the Office for National Statistics.

For the full story visit Sky News.

Last Updated on Tuesday, 07 July 2009 11:19
 
Trade Chiefs in Joint Export Drive PDF Print E-mail
Written by Administrator   
Wednesday, 10 June 2009 14:07

Two of the UK’s foremost international trade advocates have joined forces to encourage more British businesses to Export their way out of recession.

David Frost, Director General of the British Chambers of Commerce (BCC) and Lord Davies, Minister for Trade and Investment, are urging companies - especially SMEs - to recognise the numerous trading opportunities in foreign markets and to start exporting.

The joint call follows the publication of the BCC’s international trade survey, Exporting Britain. The report reveals that most companies export because they have been approached by their customers (58%), or by an agent or distributor (19%). Half of the firms polled said they export to specific markets because they already had connections there.

The BCC argues that these figures suggest that many businesses are not as proactive as they could be when it comes to exporting.

  • 43% of firms said they do not export as it does not feature in their business plan.
  • Of the 87% of exporters trading in Europe a minority encountered non-tariff barriers.
  • Help finding clients would encourage 21% of non-exporting businesses to consider it, while 16% would be incentivised by a ‘one stop shop’ that provided market research, legal advice and fiscal support.

Director General of the British Chambers of Commerce, David Frost, said:

“Exporting is vital to the future growth of the UK economy. Thanks to our membership of the EU, we have a home market of nearly 500 million consumers and we should be using it as much as our European competitors are.

“Britain has some hugely successful exporters, both large and small, but we don’t have enough of them. We need to explore why these companies are successful, what drives them, and what lessons can be learnt by other companies that have equally good products but do not see exporting as key.”

Lord Davies, Minister for Trade and Investment added:

“For UK businesses winning sales and beating the recession is too important to leave to chance. Businesses need to take the time to think strategically and work out which overseas markets best suit their products.

“UKTI research shows that most businesses overestimate the risks and underestimate the benefits of exporting. It is vital we give British businesses world class support to make the most of global opportunities and increase their activity in overseas markets.”

Last Updated on Thursday, 11 June 2009 12:53
 
"UK Must Export its way out of Recession" PDF Print E-mail
Written by Administrator   
Monday, 08 June 2009 14:54

Lord Davies, Minister for Trade and Investment, has combined forces with the British Chambers of Commerce (BCC) to urge British businesses to start exporting their goods as part of the battle against recession, reports the Daily Telegraph

He goes on to add "For UK businesses winning sales and beating the recession is too important to leave to chance. Businesses need to take the time to think strategically and work out which overseas markets best suit their products".

Last Updated on Tuesday, 09 June 2009 10:05
 
Google all set to sell kilts to the Japanese PDF Print E-mail
Written by Administrator   
Monday, 01 June 2009 14:15

Export Box and Google Export Adviser were featured in this Sunday's Sunday Telegraph.

Read the full story here.

Last Updated on Monday, 01 June 2009 14:22
 
Google gives boost to export business PDF Print E-mail
Written by Administrator   
Monday, 01 June 2009 14:10

Utalk Marketing covered the news that Export Box partners Applied Language, Google, HSBC, Royal Mail, Institute of Export and UKTI are to launch the export adviser site to provide a pre-packaged toolkit for small and medium sized businesses to break down barriers to export.

 Read the full story here.

 
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