International Trade June Briefing

GLOBAL TRADE

UK-Singapore strengthen collaboration in sustainable finance and FinTech

The United Kingdom (UK) and Singapore held the 9th UK-Singapore Financial Dialogue in Singapore. Both countries discussed collaboration opportunities in priority areas such as sustainable finance and FinTech and innovation, and exchanged views on recent developments in non-bank financial intermediation (NBFI) as well as efforts to improve cross-border payment connectivity.

UK ratifies deal to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)

The UK has, earlier than expected, completed its key step required for joining CPTPP. This will account for 15% of global GDP with the UK included, which means over 99% of current UK goods exports to CPTPP members will be eligible for tariff-free trade. Encompassing 500 million consumers in some of the world’s largest current and future economies.

UK Trade Agreements

Trade agreements set out the rules for buying and selling goods and services between 2 or more countries. They reduce restrictions on imports and exports, which can make trading easier and cheaper when they are used. Find out which trade agreements the UK has signed and which the UK is negotiating.

Suffolk Chamber & members meet leading South African representatives in trade talks

Hosted on Thursday 2nd May by the University of Suffolk, a delegation of Suffolk companies and public officials, led by Koyas Miah, Suffolk Chamber’s international trade manager, met with the country’s new Honorary Consul, Bassim Haidar, and His Excellency Jeremiah Nyamane Mamabolo, the South African High Commissioner.

Discussion topics included the investment in ports and education and skills development, as well as specific challenges and opportunities in the trade in specific sectors, including food and drink, between the two countries. Read the full article

Suffolk Chamber International Trade Group (SCITG)

The SCITG is a forum for sharing best practice, hearing from local and national policymakers and thought leaders to enhance knowledge and capabilities in developing international trading activities.

Our next Suffolk Chamber International Trade Group (SCITG) meeting will be held on the 18th of June at 5pm. 

For further details on the group or if you would like to be part of the SCITG, please contact the international team on international@suffolkchamber.co.uk

Events

Egyptian-British Chamber of Commerce

Infrastructure Mission to Egypt including the Big 5 Construct event

Infrastructure in Egypt is up and coming, offering different opportunities across the different sectors including hospitality, ports and airports, power and energy, industrial and manufacturing, water treatment plants, metro and rail, road and bridges, petrochemicals and fertilizers, healthcare, facility management and digital transformation.

The Egyptian-British Chamber of Commerce (EBCC) is organising 2 webinars followed by a mission to Egypt in June that incorporates a 2-day visit to the Big5 Construct event.  These will be held in collaboration with DBT and the Commercial Office of the Egyptian Embassy in the UK and are aimed to support both private sector projects as well as the governmental and public sector mega projects.

Infrastructure Mission to Egypt including the Big 5 Construct event- June 2024

📅 Monday 24^th June – Thursday 27^th June

Egypt

Register your interest for FREE

The EBCC is holding its first infrastructure mission to Egypt on June 24th – 27th.

The mission is organised in collaboration with the Department of Business and Trade (DBT) Egypt and is planned to give a practical on the ground insight into the different infrastructure opportunities in Egypt and the gateway it opens into the wider MEA region across a number of different sectors.  These include hospitality, ports and airports, power and energy, industrial and manufacturing, water treatment plants, metro and rail, road and bridges, petrochemicals and fertilizers, healthcare, facility management and digital transformation.

The mission includes a 2-day visit to the big 5 construct event which serves to bring together over 20,000 construction businesses, attracting over 300 exhibitors from 21 countries worldwide.

This is a huge opportunity for UK companies wishing to showcase their products and services, create brand awareness in Egypt and the African continent, generate business leads to international trade and foster networking opportunities in the infrastructure industry.

The programme includes:

• Welcome and greeting from the Egyptian Ambassador and the Commercial Office in the UK
• Welcome and greeting from the British Ambassador and DBT in Egypt
• Showcasing opportunities
• Speaking opportunities
• An infrastructure committee meeting
• Presentations from the different Ministries in Egypt
• Plenty of B2B opportunities
• Site visits
• 2-day visit to the Big5 Construct Egyptand the Egypt Infrastructure and Water Expo (EIWE) events
• EBCC organised networking event
• Cultural dinner
• A follow up meeting with the Egyptian Ambassador to Egypt

For more information register your interest for FREE and a member of the team will reach out to you

UK Export Academy

How to sell your services overseas (Part 1 of 2)

📅 Thursday 27^th June

2:00pm –3:00pm BST

Online

Exporting services raises some different issues to exporting goods, which will be explored in this two-part webinar series.

This webinar will outline the key challenges of dealing with an intangible product, such as agreeing the scope of activities with your clients, navigating cultural differences, and maintaining relationships across the distance. Some practical issues will be considered, such as defining where the service has taken place and which regulatory frameworks apply. Register

How to sell your services overseas (Part 2 of 2)

📅 Thursday 28^th June

10:00am –11:00am BST

Online

Exporting services raises some different issues to exporting goods, which will be explored in this two-part webinar series.

This webinar builds on the practical considerations outlined in the first section by outlining more strategic considerations for services companies. The webinar will explore the ways in which cultural differences can impact a services market, and how to rethink your delivery to suit local requirements. Register