Menu
10/02/2011
Trade And Investment Plan Will Drive Growth
The Government has published its strategy for how trade and investment can drive the UK’s economic recovery.
Rebalancing and rebuilding the economy will take time, but the Trade and Investment White Paper sets out a series of practical first steps.
Particular emphasis is placed on supporting small and medium enterprises (SMEs) to expand and export.
The Government plan to improve and expand the trade finance and insurance products it offers – boosting support for businesses who want to export, particularly SMEs - bringing the UK broadly into line with the services provided in other countries.
Under the new plans they will increase UK Trade and Investment’s focus on emerging markets and launch: a new online service offering access to sales leads around the world; a new online peer-to-peer exchange to enable companies to help themselves and help each other; and a new high profile award for companies which are ready to export, but need encouragement to take the next step. European partners will also radically improve the regulatory environment in the Single Market for SMEs - including exempting SMEs from unnecessary EU regulation such as certain accounting requirements.
The Paper also sets out an ambitious range of other actions to help secure a strong, sustainable and open global economy that benefits all nations, including:
“Improving the finance and insurance products that oil the wheels of trade, exempting SMEs from unnecessary EU regulation, an ambitious programme of Free Trade Agreements, finalising the Doha round - these are practical measures to help drive growth.”
(BMcN/GK)
Rebalancing and rebuilding the economy will take time, but the Trade and Investment White Paper sets out a series of practical first steps.
Particular emphasis is placed on supporting small and medium enterprises (SMEs) to expand and export.
The Government plan to improve and expand the trade finance and insurance products it offers – boosting support for businesses who want to export, particularly SMEs - bringing the UK broadly into line with the services provided in other countries.
Under the new plans they will increase UK Trade and Investment’s focus on emerging markets and launch: a new online service offering access to sales leads around the world; a new online peer-to-peer exchange to enable companies to help themselves and help each other; and a new high profile award for companies which are ready to export, but need encouragement to take the next step. European partners will also radically improve the regulatory environment in the Single Market for SMEs - including exempting SMEs from unnecessary EU regulation such as certain accounting requirements.
The Paper also sets out an ambitious range of other actions to help secure a strong, sustainable and open global economy that benefits all nations, including:
- Working to finalise the Doha round of trade negotiations delivering a £110bn boost per year to the global economy. 2011 is the make or break year
- Pursuing an ambitious programme of EU Free Trade Agreements with key trading partners including India, Canada, Singapore, the South American Mercosur countries (Argentina, Brazil, Paraguay, Uruguay) and hopefully also Japan
- Assisting developing countries to benefit from trade and investment by pushing for global trade rules that support their needs, promoting greater market access for Least Developed Countries and implementing ambitious bilateral aid programmes that promote trade and regional integration, particularly in Africa
- Resisting protectionism, championing open markets, and pushing back the remaining trade and investment barriers within the European Single Market and the wider world.
“Improving the finance and insurance products that oil the wheels of trade, exempting SMEs from unnecessary EU regulation, an ambitious programme of Free Trade Agreements, finalising the Doha round - these are practical measures to help drive growth.”
(BMcN/GK)
Related UK National News Stories
Click here for the latest headlines.
10 September 2003
Fair trade tops agenda in Cancun
At the first day of the World Trade Organisation talks in Cancun, staunch economic rivals Europe and America will be aligned against many of the world’s poorer nations.
Fair trade tops agenda in Cancun
At the first day of the World Trade Organisation talks in Cancun, staunch economic rivals Europe and America will be aligned against many of the world’s poorer nations.
27 March 2013
UK Economy Continues To Shrink
The economy continues to shrink, with UK GDP having decreased by 0.3% in the final quarter of 2012, according to a new report published by the Office for National Statistics (ONS). The report says the main contributors to the decrease were gross fixed capital formation, which fell by 0.
UK Economy Continues To Shrink
The economy continues to shrink, with UK GDP having decreased by 0.3% in the final quarter of 2012, according to a new report published by the Office for National Statistics (ONS). The report says the main contributors to the decrease were gross fixed capital formation, which fell by 0.
07 July 2004
UK tops Euro league for foreign investment
The UK attracted the most foreign investment in Europe last year and inward investment rose by 14%, according to figures out today.
UK tops Euro league for foreign investment
The UK attracted the most foreign investment in Europe last year and inward investment rose by 14%, according to figures out today.
12 October 2011
UK Millionaires 'Spreading Their Bets'
The UK's millionaires are showing little faith that the economy here is likely to improve any time soon, according to a research published on Wednesday.
UK Millionaires 'Spreading Their Bets'
The UK's millionaires are showing little faith that the economy here is likely to improve any time soon, according to a research published on Wednesday.
19 June 2013
New Minister For Trade And Investment Appointed
The chief executive at BT is to leave the telecoms giant to become minister for trade and investment. Ian Livingston will replace former HSBC chief executive and chairman Lord Green when he joins the House of Lords. Lord Green has served since 2011 but is approaching retirement.
New Minister For Trade And Investment Appointed
The chief executive at BT is to leave the telecoms giant to become minister for trade and investment. Ian Livingston will replace former HSBC chief executive and chairman Lord Green when he joins the House of Lords. Lord Green has served since 2011 but is approaching retirement.
-
Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
