As business relations with our traditional partners in Europe are irrevocably changed the Institute of Exports has launched a series of courses to help traders to address new markets overseas.
The courses are a follow up to the IoE’s upcoming World Trade Summit on November 1st in London.
But what are your priorities? Should you be building with the BRICS (Brazil, Russia, India, China and South Africa) or trying the new flavours of MINTs (Mexico, Indonesia, Nigeria and Turkey)?
Which of these generic markets present British companies with the right hungry urban consumers with life style improvement ambitions? Which will be right for attracting investment?
How should exporters plan their risk management strategies?
Political risk is an important consideration. Regime changes, social and political unrest and the unseating of heads-of-state are dangers that must be planned for - or avoided. The less obvious risks - such as economic volatility - also present a danger. These can be foretold by analysis of excessive dependence on extractives, raw materials or commodities.
Many ‘emerging’ economies are ruled by authoritarian regimes which can make sudden decisions on tariffs, quotas or foreign exchange which can deadly effects on your terms of trade. The course also examines cultural differences. See IoE for details.
Is Britain’s mainstream media exacerbating and dramatising the confusion over Brexit with wildly illogical assumptions?
Barclays has launched a new Midlands Trade Centre which it claims can help 1000 UK businesses to export more of their goods and services each year.
Three-fifths would see a decline in profits