What's New

More flexible, fast-track financing for small businesses has been promised by the Government’s export credit agency with the aim of making it easier than ever for UK firms to sell in international markets.

We reported recently that British goods will remain eligible for reduced or zero tariffs to Mexico after the UK Government secured the extension of rules of origin (ROO) provisions (see Mexico agrees to rules of origin extension for British goods).

Business and Trade Secretary Kemi Badenoch has launched negotiations on a modernised trade deal with South Korea to boost trade and strengthen relations with a country that the UK sees as a key ally.

Claiming that he would deliver “the biggest business tax cut in modern British history,” Chancellor Jeremy Hunt promised 110 measures but said he would not go through them all. Here are the highlights of those he introduced.

We reported in January 2023 that the Competition and Markets Authority (CMA) had launched a consultation on its proposed recommendation that the retained Consortia Block Exemption Regulation (CBER) be replaced when it expires on 25 April 2024 (see Government consults on competition exemption for liner shipping consortia).

The Department for Business and Trade (DBT) has asked for comments on which aspects of the UK’s current trading arrangements with Türkiye the Government should look to improve or amend.

On 16 July 2023, the UK Government signed an accession protocol to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

According to the latest trade data from the Office for National Statistics (ONS), the value of UK goods exports decreased by £0.9 billion (2.9%) in September because of falls in exports to both EU and non-EU countries.

The Department for Business and Trade (DBT) confirmed on 10 November 2023 that British goods will remain eligible for reduced or zero tariffs to Mexico after the UK Government secured the extension of rules of origin (ROO) provisions.

At the start of International Trade Week 2023, the Department for Business and Trade (DBT) has announced that Wales now has nine new Export Champions, bringing its total to 18.