Tag: export

UK Export

UK exporting had record-breaking 2019, according to figures

2019 was a record-breaking year for UK exports, according to new figures published today by the Office for National Statistics (ONS). The UK has now experienced 45 consecutive months of annual export growth on a rolling annual basis. Companies in the UK exported £689 billion worth of goods and services across the globe – up by 5.0% on 2018. Goods exports to non-EU countries grew by 13.6% year on year.

OCR International expands in the UK and Europe to meet growing market demands for global trade management solutions

As demand for Global Trade Management Solutions (GTM) increases, OCR Services Inc. a leading provider of GTM solutions, has expanded its international footprint, product and service portfolio into the UK and European market. The office based in London will serve to build upon the existing customer base and meet the growing demand in Europe and the UK for its Global Trade Compliance software solutions. For over 35 years, OCR has

Brexit – the small business perspective

How will Brexit impact a small business? Duncan Geddes, Managing Director of Technical Foam Services, talks through what it will mean for his business. “In a decade’s time we may have recovered as a country, but many small companies could struggle to last until then. I expect to see a huge change in the makeup of British industry in the next two or three years.” With the vote on Theresa

Eurozone manufacturing industry results at a nearly six-year high

Markit Eurozone Manufacturing Purchasing Managers’ Index (PMI) data released this morning showed that figures are at nearly a six-year high, with a boost in growth for Germany, Italy and the Netherlands. Final PMI figures were posted at 55.4 for February, a healthy increase on January’s 55.2, showing a marked increase in production, new orders and employment. There was growth and improvement in operating conditions in all countries, except Greece, although

AEB publishes new guide for executives offering free export advice to the top of global supply chains

Senior managers focus on increasing productivity, reducing costs, developing products, and winning customers. Export control compliance is often considered a burden. Why is it important? Who’s responsible? What are the consequences of non-compliance? AEB has developed an online guide to help executives understand the relevance of export controls for their business. Titled “US export controls: Make the right decisions – A practical guide for executives”, the guide can now be

BPA Chairman calls for post-Brexit ‘port zoning’ strategy

The British Ports Association (BPA) today called on Ministers to introduce ‘port zoning’ in and around UK harbour areas to support jobs and trade post-Brexit. BPA Chairman Rodney Lunn wrote to the Transport and Environment Ministers outlining the new concept that would see both marine and land areas within ports being classified as special areas for growth. These zones would be safeguarded against the impact of marine designations and planning

ICC Trade Register continues to showcase the low risk nature of trade finance

Data from the International Chamber of Commerce’s (ICC) Trade Register, now in its sixth year, shows the low risk nature of trade finance when judged against comparable asset classes, such as corporate and small to medium-sized enterprise (SME) lending. Covering US$9.1 trillion of exposures and 17 million transactions – more transactions than ever before – the data continues to verify that trade finance presents banks with little credit risk –

Vesconite to improve deliveries to Mauritius

Vesconite Bearings is ensuring that its polymer products reach its Mauritian customers within two to three days of dispatch.  The South African-based manufacturer of Vesconite and Vesconite Hilube rods, bushings, plates and machined products has been engaging with its courier company to speed up delivery of its products to the Indian Ocean island. The courier has since guaranteed that, if a shipment is booked in by 10am, it will be

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October a key month for the international freight forwarding community

October marks the end of the three-month settling-in period suggested by the IMO to its Member States in which competent authorities were urged to adopt a ‘practical and pragmatic’ approach to the enforcement of the SOLAS revision stipulating all packed containers have a verified gross mass (VGM) before being loaded aboard a ship. Robert Keen, Director General of the trade association which represents UK freight forwarders, says: “Looking back at the

Palintest has won North East Exporter Award

 Palintest Ltd, a Gateshead-based manufacturer of water analysis technologies, is delighted to have recently won the North East Exporters’ Award. The company was nominated in two categories, winning ‘Export Team of the Year’ and a runner up in ‘Conquering New Markets.’ Palintest was then named overall winner of the North East England Exporters’ Award. The Awards recognise the efforts of companies that, through exporting achievements, are making a huge contribution