BExA launches today its 9th Annual Benchmarking of UK Export Finance entitled ‘Strategy and reality’.
BExA is extremely encouraged by the new Export Strategy launched today by the Department for International Trade (DIT). The positive intent it sets for UK exports and the challenging growth targets are welcomed.
We have long campaigned for a whole-Government approach to exports and we are pleased to see the Export Strategy sets out this vision for greater interdepartmental collaboration and unity. Our members will be enthused by the possibility of greater links between DIT and DfID to provide real value from our aid budgets for both the recipient country and UK business.
As a partner of the Exporting is GREAT campaign we welcome the commitment to enhance the website offering to act as a signpost for all of the information an exporter may require.
Ensuring that businesses have the right information at their fingertips to break down Exporting barriers, coupled with a joined up Government approach to export will enable the UK to meet its ambitious but achievable target of exports equalling 35% of GDP.
We are excited to work with DIT to ensure that the intent of the strategy is delivered in reality.
BExA member Trade Finance Global (TFG) has announced Shawn Chow, an Economics undergraduate at the University of Warwick, as the winner and recipient of the 2018 Trade Finance Global Accelerate Scholarship. Shawn was chosen from more than 2,000 applicants and will receive a £500 scholarship as well as a 5-week complimentary trade finance course from TFG.
BExA congratulates UK Export Finance (UKEF) on another solid set of results. Although the numbers of businesses supported and value of support fell from the previous year, the increase in the number of facilities written shows a continued growth in the use of UKEF products.
We will work closely with UKEF to realise their 2018-2019 objectives with particular focus on the product range review and marketing campaigns.
UKEF continues to be a real asset for UK exporters and is something to be proud of. BExA is pleased to see our recommendations coming to fruition and look forward to continuing our work in helping UKEF further improve their products and services.
The Annual Report and Accounts can be downloaded here.
The GTR-BExA Young Exporter Award brings recognition to a particularly capable young exporter. For more information about the award, entry criteria and to download a nomination form please click here.
Yes, abortion is terrible. But better surgical abortion! I'm telling you, it is necessary to be observed at the doctor, so you shouldn’t do it by yourself, but previously find out from cytodrug.com, what is better tablets or abortion. The subject is delicate, of course. But once Cytotec helped me. And thank God, everything turned out. Following a GTR-BExA Young Exporter roundtable event held in January, a follow-up article featuring BExA Co-Chairman, Geoff de Mowbray, and a number of Young Exporter Award winners, runners-up and finalists past and present has been published in the GTR+ UK 2018 supplement. The view the article online, please visit https://www.gtreview.com/supplements/gtr-uk-2018/roundtable-young-exporters-say/
|Following extensive engagement with businesses across the country, Baroness Fairhead, Minister of State for Trade and Export Promotion, today issued a final call for businesses to come forward and input into the Government’s forthcoming Export Strategy.
Issuing a final call for input from businesses today, the Baroness emphasised the importance of business driving the content of the Strategy, with the Department for International Trade estimating that more than 300,000 UK companies produce products that could be exported but currently have no overseas sales. Ministers have already conducted a series of roundtables with businesses of all sizes and across a number of sectors. These have been convened in conjunction with a number of key stakeholders, including the Federation of Small Business and the British Chambers of Commerce, to understand the barriers preventing companies from exporting.
The Minister also set out that the Export Strategy will build on the recent Industrial Strategy, as well as complement future British trade policy, by helping firms to increase their capacity to export their goods and services overseas.
Businesses are being asked to reflect on the challenges they face that currently prevent them from exporting to foreign markets. They will also be asked about the specific needs of their sectors, as well as the current offer of support available to them.
Baroness Fairhead, Minister of State for Trade and Export Promotion, said:
“Export support is a key way that the Government can help businesses succeed and grow. The aim of the Export Strategy is to provide assistance which is effective, high quality and timely, allowing companies to achieve sustainable growth on the world stage.
“Building on the foundations laid by the Industrial Strategy and our future trade policy, I am confident that with the vital contribution of British businesses – we can help take UK exports to the next level.”
The latest figures from the Office of National Statistics show that demand for British goods and services rose to the end of January 2018. UK exports rose by 11.5% (£64.5bn) in the month window to £625.9bn, with the overall trade deficit narrowing by £12.8bn in the process.
The Minister is today travelling to Hong Kong for the GREAT Festival of Innovation which is showcasing the best of British creativity to potential partners and investors from around the world.
From this week, British businesses of all sizes will also be able to showcase their products in front of millions of potential new customers as a new campaign launches between the Department for International Trade and some of Asia’s top e-commerce platforms and mobile shopping apps.
Over 160 British brands will have their goods promoted across three China and Hong Kong based e-tailers – ttHigo, Goxip and MyMM.
The Export Strategy is expected to report in the coming months. The Terms of Reference are included in today’s announcement.
BExA is delighted to announce that Debby Bass of Credit Agricole CA-CIB has been awarded an MBE for services to exporting in the Queen’s New Years Honours.
Co-Chairman Marcus Dolman commented “This is a well deserved award. Debby has been a major contributor to BExA for many years as the Chair of our Banking Committee and we are extremely pleased that her hard work and dedication to promoting UK exports has been formally recognised.”
Marcus Dolman, Co-Chairman of BExA, speaks to TXF about the issues behind the Association’s 8th Annual ECA Benchmarking Report ‘Exporting is not the new black’. Whilst UK Export Finance received a score of 9/10, the report is also insistent that, to fully promote UK exports, a pan-governmental approach must be taken. To read the full interview, please click here.
To download a copy of the response, please click here.