International
Businesses urged to get on board with trading abroad Companies across Coventry and Warwickshire are being urged to be part of an international trade revolution after the launch of a new manifesto by a leading business group. Just ten per cent of companies are involved in exporting so the team at the International Trade Hub at the Coventry and Warwickshire Chamber of Commerce is throwing its weight behind a national campaign that could help to grow the region’s exports. The British Chambers of Commerce’s most recent research shows that exporters are facing a wide range of issues, from unprecedented inflationary pressures and global supply chain crises to a raft of new requirements flowing from the EU trade deal. Its Trade Manifesto sets out a comprehensive list of steps to get more UK businesses involved in international trade – including working with its own Global Business Network – as well as setting out steps the Government needs to take to support overseas trade growth. It is making the move after 23 per cent of firms surveyed said finding a business partner or distributor overseas would encourage them to either start exporting or export more. A further 16 per cent of firms also said support with trade documentation would encourage them to start exporting or increase the amount of business they do overseas. Ajay Desai, International Trade Director at the Coventry and Warwickshire Chamber of Commerce, said these services – and more – are available through the Chamber.
“Europe is still a strong market but there are many major economies around the world that want to do business with the companies from our area. The USA remains strong while India continues to grow and bring new opportunities for companies in Coventry and Warwickshire to export to. There are many others too." 24
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He said: “Understandably, the headlines have been dominated by Brexit and then by Covid and they have added to the perception that there are barriers to overseas trade. “It’s vital, however, that we get more companies from Coventry and Warwickshire exporting and we can support that. There are lots of businesses in the region that are tapping into our services – such as export documentation – but we could support so many more and that would provide a massive boost for the whole economy as we emerge from a very difficult couple of years. www.cw-chamber.co.uk
