International trade . International Trade: what next?
International Trade: what next?
Article by Oxford Innovation | 21.09.2016
Brexit and what next for International Trade
Like it or not trade with the EU is going to change in the years ahead. However, that’s nothing new; international trade has always been both a challenge and an opportunity and it never stands still. New regulations, duties and tariffs, exchange rate fluctuations and export documentation are all examples of continual change in this area. During my involvement in international trade over the last 40 years and in 80+ international markets it’s been no different.
Fortune favours the bold, the well informed and the most prepared, so market research and market intelligence before, during and after you start trading (import, export, licencing…) with a new market is essential.
Enterprise Europe Network, the world’s largest business partnering network, operating in 66 countries and counting, is still here to support ambitious businesses looking to grow further through innovation and international expansion.
We can help you with:-
- Trading with new markets
- Finding international manufacturers and suppliers
- Identifying potential Agents and Distributors
- Finding new technologies and partners for collaborative R&D
- Supporting innovative SMEs commercialise their products, services and IP
- Help established innovative companies grow through our Innovate2Succeed coaching programme
And we are not the only support organisation in the UK that continues to support SMEs;
- Chambers of Commerce help with export documents, certificates of origin, letters of credit and training
- The Institute of Export, offers academic qualifications, training and advice for those in international trade
- UK trade and Investment, helps businesses export and grow into global markets.
So, yes it’s going to be a challenge, yes things will change and yes you will need to consider exchange rates and protect against currency fluctuations. But to an old hand in international trade, in difficult times there are often new opportunities, more profitable deals to be had, and new interesting markets to visit.
So keep that entrepreneurial British spirit, look for those new opportunities, be well prepared and talk to all those people who can help and advise you.
Paul Toben, Enterprise Europe Network.
Email the team now on email@example.com or call 07841 921097