What's New

The Medicines and Healthcare products Regulatory Agency (MHRA) has published information on the “Written Confirmation” process, for active substances manufactured in the UK, that will be adopted if the UK leaves the EU without a deal.

The continuous increase in the number of barriers encountered by European companies in foreign markets has been highlighted by the European Commission in the latest edition of its Trade and Investment Barriers Report (TIBR).

While international trade contributes to 36 million jobs in the European Union, the European Commission has highlighted that women occupy less than two-fifths of these roles and, globally, they lead only 15% of exporting firms.

Several of the candidates to become Conservative Party leader, and therefore Prime Minister, have expressed a willingness to leave the EU on 31 October without a deal so the question arises, what are the EU’s plans in this regard?

The first ever UK Creative Industries Trade and Investment Board (CITIB) strategy has been published, pledging to boost creative industries goods and service exports by 50% by 2023.

Businesses from the UK and South Korea will be able to keep trading freely with each other after Brexit, thanks to an agreement on trade continuity reached between the two countries.

With rapidly growing demand from the United States helping UK exports climb to a record high of £645.8 billion in the 12 months to April 2019, Trade Secretary Liam Fox has claimed that this is fresh evidence of the special relationship between the two countries.

We recently reported that representatives from businesses and interest groups had met to discuss the UK’s future trade strategy with the Department for International Trade (see “Setting the UK’s future trade strategy”).

An agreement that will see 24 additional British Chambers across Europe become part of the its Global Business Network has been signed by the British Chambers of Commerce (BCC) and the Council of British Chambers of Commerce in Europe (COBCOE).

There is a danger that the World Trade Organisation (WTO) could quietly turn into an organisation without the means of enforcing its rules, leaving firms high and dry in key global markets.