Local Support, International Reach
The US has introduced new tariffs to replace its current levies on UK imports which have expired today. For most UK companies there is no effective change, but there is welcome confirmation that the removal of US tariffs on whisky has taken effect Duties that must be paid on...
Read moreCommenting on the latest trade data released by the Office for National Statistics, William Bain, Head of Trade Policy at the British Chambers of Commerce, said: “Goods exports fared well in May with a 5.2% increase in volume, particularly in chemicals exports to the rest of the world. By comparison, goods exports to the EU rose more modestly...
Read moreNew research by the British Chambers of Commerce (BCC) Insights Unit, involving over 2,400 exporters, shows overseas exports have fallen dramatically in the second quarter. The survey, carried out between Monday 11 May and Monday 9 June, found that just 16% of exporters reported an increase in export orders, while 26% reported a fall, and 58% reported...
Read moreReacting to the UK-India trade deal entering into force, Steve Lynch MBE, Director of International Trade at the British Chambers of Commerce, said: “It has been a tough few years for UK traders but there is a real buzz among businesses about this deal entering into force. It is...
Read moreReacting to news of an upgraded free trade agreement with Switzerland, William Bain, Head of Trade Policy at the BCC, said: “This is an important upgrade as Switzerland is one of the UK’s largest trading partners, especially in services. It will provide welcome certainty for thousands of companies in...
Read moreReacting to today’s EU announcement on new steel quotas for UK exporters, William Bain, Head of Trade Policy at the BCC, said: “Today’s announcement on EU quotas is the final piece of the jigsaw to reveal the new landscape for the UK’s steel producers and users going forward. “Confirmation...
Read moreAs Brexit approaches its 10th anniversary, the British Chambers of Commerce says the government must set out a clear plan to ease the burdens it has placed on business. BCC research shows over half of UK exporters (54%) think the current trade deal with the EU is making it...
Read moreThe British Chambers of Commerce is calling on the government to change course on new steel quotas and tariffs which could decimate swathes of SMEs. The BCC wrote to the Business and Trade Secretary, Peter Kyle, in May, to raise its concerns about the plans. The letter said the...
Read moreCommenting on the latest trade data released by the Office for National Statistics, William Bain, Head of Trade Policy at the British Chambers of Commerce, said: “Rising fuel prices due to the Iran War are now clearly influencing international trade. April was another quiet month for UK services trade with export volumes growing 0.2 per cent. “There was...
Read moreReacting to the announcement of new US tariffs under section 301 of the Trade Act 1974, William Bain, Head of Trade Policy at the British Chambers of Commerce, said: “It is no surprise that the US is taking action, before its temporary section 122 measures expire, to make its...
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