Government support provides a boost to the British aerospace industry in UKEF’s first deal with leading Brazilian aerospace manufacturer Embraer, the third largest commercial jet manufacturer in the world. The deal will help Embraer access critical parts, components and technology from UK suppliers that will enhance its commercial and defence aircraft programmes. This is a […]
The Electronic Trade Documents Bill enters Parliament this week marking one of the most significant changes to the way we trade in centuries. The Bill will remove all legal requirements for commercial trade documents to be handled on paper, generating £225bn in efficiency savings, £25bn in SME trade growth and £1bn new trade finance. Switching […]
The government has extended its support service for firms moving goods between Great Britain and Northern Ireland for an additional year. The Trader Support Service (TSS) was set up in 2020 to help traders comply with the new rules and customs obligations set out by the Northern Ireland Protocol. Since being launched on 1 January […]
The heads of three international trade bodies delivered a shared message on female empowerment today (29 September) at a World Trade Organization Public Forum in Geneva. World Trade Organisation (WTO) director general Dr Ngozi Okonjo-Iweala, International Trade Centre (ITC) executive director, Pamela Coke-Hamilton and Institute of Export & International Trade (IOE&IT) director general Marco Forgione […]
Family-owned shipbuilder, Parkol Marine Engineering, has announced the launch of its new vessel, Green Isle, which on completion will sail to the west coast of Ireland from Middlesborough, marking its expansion across the country. The boat is the second to be built as a result of a new £3m Bond support package from UK Export […]
Most businesses are not yet ready to start using the government’s new IT system for customs declarations a poll has found. The Customs Declaration Service (CDS) is replacing the Customs Handing of Import and Export Freight system (CHIEF) in phases, with CHIEF closing for import declarations on 30 September. From this time, traders will only […]
According to the latest UK Exporter Monitor by Coriolis Technologies and The Institute of Export & International Trade (IOE&IT), Northern Ireland (NI) exporter numbers increased more than any UK nation in the past month. However, these same exporters fared worse than their counterparts in other UK nations over July with revenues dropping by nearly 7% […]
Tradeteq, a World Economic Forum member, has selected the XDC Network to launch TRADA Tokens, the first ever fully regulated, trade finance-backed fungible security tokens. The move is expected to deliver significant liquidity to the trade finance sector by securitizing a traditionally illiquid asset class on the XDC Network – a public, decentralized blockchain. The […]
Research produced today by Coriolis Technologies in partnership with the Institute of Export & International Trade suggests that the cost-of-living crisis is having a significant impact on exporters. Analysis of in-house data as well as the recent Office of National Statistics (ONS) figures reveals that over the past year, the nominal value of exports has […]
Tradeteq, the technology provider for illiquid credit distribution, has launched Tradeteq Access Lite, the first ever marketplace for buy-side investors to participate in the secondary trading of trade finance assets. More than 40 members of the Trade Finance Distribution Initiative (TFDi), the industry-led group that sets the standards for global trade finance distribution, including leading […]
