News

DIT is attracting top talent to trade team

Source: Gov.uk, 7th August 2017

Interesting statement following an article in the Guardian deemed incorrect reporting….

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The Department for International Trade is building a world-class team to develop our  future global trading arrangements after Brexit.

A ‘Comment is Free’ article on the Guardian website on Friday 4 August incorrectly reported that a Canadian trade negotiator was the “first candidate” for the Department for International Trade’s (DIT) Chief Trade Negotiation Adviser, claiming that he turned down the job after a pay dispute.

It also incorrectly asserts that we have no trade lawyers.

DIT was established by the Prime Minister in July 2016 to support UK businesses to break into overseas markets, promote the UK as a place to do business and trade with, and negotiate and implement our new global trading arrangements as we leave the European Union.

To do this we need to build a new major capability which was not previously required in the UK government. We have made huge progress in doing so over the past year, and shall continue to do so over coming years.

Here are the facts:

  • we appointed globally respected trade negotiator Crawford Falconer, to the DIT Chief Trade Negotiation Adviser role
  • Crawford was the top candidate and our first choice: to suggest otherwise is completely false
  • with 25 years of public service in international trade and foreign affairs as New Zealand (NZ) Deputy Secretary and Vice Minister for International Trade and Foreign Affairs, and former NZ Ambassador to the WTO, he will lead the new profession within the UK Civil Service
  • since its formation in July 2016, DIT’s headcount has increased to a global workforce of over 3,200 people
  • DIT continues to build on our trade capability – the trade policy team has grown significantly from 45 in June 2016 to over 300 today
  • the trade policy team now includes policy and country specialists, as well as expert economic analysts and lawyers
  • as with many other government departments, DIT has its own team of dedicated lawyers
  • currently there are over 20 lawyers working specifically on trade issues and are based at DIT – this will grow as we enter further talks and negotiations
  • there is significant demand for roles at all levels within DIT – in one round of recruitment for 96 roles, the department received 1,608 applications
  • our Permanent Secretary and Chief Trade Negotiation Adviser roles received 111 and 58 applications respectively
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EU Stats: Euro area international trade in goods surplus €21.4 bn

 

Euro area international trade in goods surplus €21.4 bn
€4.0 bn surplus for EU28

Euro Area

The first estimate for euro area (EA19) exports of goods to the rest of the world in May 2017 was €189.6 billion, an increase of 12.9% compared with May 2016 (€167.8 bn). Imports from the rest of the world stood at €168.1 bn, a rise of 16.4% compared with May 2016 (€144.4 bn). As a result, the euro area recorded a €21.4 bn surplus in trade in goods with the rest of the world in May 2017, compared with +€23.4 bn in May 2016. Intra-euro area trade rose to €162.4 bn in May 2017, up by 15.3% compared with May 2016.

International trade in goods of the euro area, € bn

In January to May 2017, euro area exports of goods to the rest of the world stood at €898.5 bn (an increase of 8.5% compared with January-May 2016) and imports at €815.6 bn (an increase of 12.3% compared with January- May 2016).
As a result the euro area recorded a surplus of €82.9 bn, compared with +€101.5 bn in January-May Intra-euro area trade rose to €771.2 bn in January-May 2017, +8.7% compared with January-May 2016.

European Union

The first estimate for extra-EU28 exports of goods in May 2017 was €165.4 billion, up by 15.9% compared with May 2016 (€142.7 bn). Imports from the rest of the world stood at €161.4 bn, up by 17.2% compared with May 2016 (€137.7 bn). As a result, the EU28 recorded a €4.0 bn surplus in trade in goods with the rest of the world in May 2017, compared with +€5.0 bn in May 2016. Intra-EU28 trade rose to €288.1 bn in May 2017, up by 12.7% compared with May 2016.

In January to May 2017, extra-EU28 exports of goods stood at €772.9 bn (an increase of 10.6% compared with January-May 2016) and imports at €776.6 bn (an increase of 12.0% compared with January-May 2016). As a result, the EU28 recorded a deficit of €3.7 bn, compared with a surplus of €5.7 bn in January-May 2016. Intra-EU28 trade rose to €1 387.9 bn in January-May 2017, +7.6% compared with January-May 2016.

Main trading partners  – EU28 – bn €/% growth by country, comparing Jan-May 16 to Jan-May 17 figures

United States: 158.7bn, 6.6%
China: 80.2bn, 20.3%
Switzerland: 64.7bn,  14%
Russia: 34.1bn, 24.6%
Turkey:33.6bn,  3.3%
Japan: 24.9bn, 11.9%
Norway: 21bn, 8.2%
South Korea: 20bn, 14.3%
India: 17bn, 10.3%
Canada: 15.8bn, 11.2%

United Kingdom’s total export trade is noted at €166.6 9bn in fifth place in terms of Member States’ total trade, representing 9% increase from the previous year’s period Jan-May 2016

€78.2bn of which is in Intra-EU trade, an increase of 6% from the previous year, and €88.4bn in extra-EU trade, representing 12% growth from the previous year’s period Jan-May 2016.

Overall in the EU28 list, Germany is ranked first with €532bn total trade with Member States’ total trade, Netherlands second with €235.1bn, followed by France €195.3bn and Italy €183.8bn in fourth place.

Source: Eurostat, published 14th July 2017

 

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EU Stats: Industrial production up by 1.3% in euro area

May 2017 compared with April 2017

In May 2017 compared with April 2017, seasonally adjusted industrial production rose by 1.3% in the euro area (EA19) and by 1.2% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In April 2017 industrial production rose by 0.3% in euro area and by 0.1% in the EU28.

In May 2017 compared with May 2016, industrial production increased by 4.0% in both zones.

The increase of 1.3% in industrial production in the euro area in May 2017, compared with April 2017, is due to production of capital goods rising by 2.3%, durable consumer goods by 1.8%, non-durable consumer goods by 1.2%, energy by 0.9% and intermediate goods by 0.3%.

In the EU28, the increase of 1.2% is due to production of capital goods rising by 2.0%, durable consumer goods by 1.8%, non-durable consumer goods by 1.0%, energy by 0.7% and intermediate goods by 0.6%.

Among Member States for which data are available, the highest increases in industrial production were registered in Lithuania (+3.8%), Romania (+3.5%) and the Czech Republic (+3.3%), and the largest decreases in Portugal (-1.0%) and Malta (-0.9%).

Annual comparison by main industrial grouping and by Member State

The increase of 4.0% in industrial production in the euro area in May 2017, compared with May 2016, is due to production of durable consumer goods rising by 7.5%, capital goods by 5.5%, intermediate goods by 3.8%, nondurable consumer goods by 2.6% and energy by 2.2%.

In the EU28, the increase of 4.0% is due to production of durable consumer goods rising by 6.8%, capital goods by 6.1%, intermediate goods by 4.9%, non-durable consumer goods by 2.4% and energy by 1.1%.

Among Member States for which data are available, the highest increases in industrial production were registered in Romania (+14.6%), Estonia (+12.6%) and the Czech Republic (+10.7%). Decreases were observed in Malta and the United Kingdom (both -0.7%).

Geographical information

The euro area (EA19) includes Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.

The European Union (EU28) includes Belgium, Bulgaria, the Czech Republic, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland, Sweden and the United Kingdom.

Sorce: Eurostat, 12th July 2017

 

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Latest Export and Import Statistics – HMRC

 

In May 2017 the value of exports (EU and Non-EU) increased to £29.4 billion, and imports (EU and Non-EU) increased to £40.2 billion, compared with last month. Consequently the UK is a net importer this month, with imports exceeding exports by £10.8billion.

Key Points

  • Total trade exports for May 2017 were £29.4 billion. This was an increase of £2.9 billion (11 per cent) compared with last month, and an increase of £5.9 billion (25 per cent) compared with May 2016.
  • Total trade imports for May 2017 were £40.2 billion. This was an increase of £1.9 billion (5.0 per cent) compared with last month, and an increase of £4.1 billion (11 per cent) compared with May 2016.
  • The UK was a net importer this month, with imports exceeding exports by £10.8 billion.

Top 25 UK Export Trading Partners: US, Germany, France, Netherlands, Switzerland, Irish Republic, China, Belgium, Spain, Italy, UAE, Hong Kong, Turkey, South Korea, Japan, Sweden, Canada, Singapore, Poland, Low Value Trade (ZY), Saudi Arabia, Australia, India Norway, Qatar.

Top 25 UK Import Trading Partners: Germany, US, China, Netherlands, Fance, Belgium, Norway, Italy,Spain, Irish Republic, Canada, Japan, Poland, Hong Kong, Turkey, Switzerland, India, Sweden, Low Value Trade (ZY), Czech Republic, South Africa, Russia, Denmark, South Korea, UAE

Source and full information on Top Trading Partners by Country, SITC or Chapters please visit  HMRC, published 7th July 2017

 

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EU Stats: Volume of Retail Trade up by 0.4% in Euro Area

 

In May 2017 compared with April 2017, the seasonally adjusted volume of retail trade rose by 0.4% in the euro area (EA19) and by 0.2% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In April the retail trade volume increased by 0.1% in the euro area and by 0.5% in the EU28.

Monthly comparison by retail sector and by Member State

The 0.4% increase in the volume of retail trade in the euro area in May 2017, compared with April 2017, is due to rises of 1.7% for automotive fuel and of 0.6% for non-food products, while “Food, drinks and tobacco” fell by 0.4%.

In the EU28, the 0.2% increase in the volume of retail trade is due to rises of 1.2% for automotive fuel and of 0.3% for non-food products, while “Food, drinks and tobacco” fell by 0.4%.

Among Member States for which data are available, the highest increases in the total retail trade volume were registered in Romania (+4.3%), Lithuania (+1.8%) and Hungary (+1.7%), while the largest decreases were observed in Finland (-1.2%), Slovenia and the United Kingdom (both -0.9%).

Annual comparison by retail sector and by Member State

The 2.6% increase in the volume of retail trade in the euro area in May 2017, compared with May 2016, is due to rises of 3.5% for non-food products, of 2.1% for “Food, drinks and tobacco” and of 0.9% for automotive fuel. In the EU28, the 2.6% increase in retail trade volume is due to rises of 3.5% for non-food products and of 1.7% for both“Food, drinks and tobacco” and automotive fuel.

Among Member States for which data are available, the highest increases in the total retail trade volume were observed in Romania (+14.0%), Slovakia (+7.9%), Ireland and Slovenia (both +7.7%).

Geographical information

The euro area (EA19) includes Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.

The European Union (EU28) includes Belgium, Bulgaria, the Czech Republic, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland, Sweden and the United Kingdom.

Source: Eurostat, 5th July 2017

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Commission adjusts imports surveillance rules for steel – commencing 11th July

The EU steel import surveillance takes the form of automatic import licencing. This means that importers need to notify the relevant authorities in EU Member States of their intention to import steel products into the EU. They will receive a document confirming that surveillance rules have been respected before an import operation can happen. This rule applies today to all but the smallest transactions, below 2.5 tons.

To make the administration of the system more operational, the Commission will now increase the exemption threshold for certain products from 2.5 to 5 tons. This will reduce the number of transactions falling under surveillance and remove unnecessary constraints on importers that make many relatively small transactions and often operate based on a just-in-time system. Most imported steel products, usually traded in high volumes, will remain under surveillance.

The Commission will also encourage national authorities to accept handling the procedure in a paperless way.

The Commission is working in parallel on a draft interpretative notice to respond to requests for clarification received from stakeholders and ensure the uniform interpretation of existing surveillance rules.

Background

An import surveillance system can be introduced when imports threaten to cause injury to EU producers. The objective is to collect statistical data on the volumes and price level of certain steel imports before the goods are actually imported, in order to better monitor market developments. The current system has been operational since May 2016. The EU had a similar scheme in place also between 2002 and 2012.

Source and further information: European Commission

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Yorkshire & Humber Exports rise by more than a Fifth

The value of goods exported by companies in Yorkshire and the Humber has risen by more than a fifth in the first three months of 2017, according to the latest figures.

Figures from HM Revenue & Customs have revealed that the value of exported goods by companies in Yorkshire and the Humber rose by 21 per cent in the first three months of 2017 when compared to the same period in 2016.

Exports from Yorkshire and the Humber companies reached £3.9bn, up from £3.2bn in the same period last year, an increase of 21 per cent.

EU exports accounted for 56 per cent of the total value, while exports to North America accounted for 16 per cent and Asia and Oceania reached 13 per cent.

Machinery and transport exports made the most significant contribution accounting for 29 per cent of the total value and chemicals accounted for 23 per cent.

The number of Yorkshire and Humber exporters also rose from 8,959 in the first quarter of 2016 to 9,365 in the first three months of 2017.

Mike Thornton, head of manufacturing at RSM, said: “The decrease in the value of the pound since last year’s referendum has helped exporters and these figures show that the region’s businesses have been making the most of this.

“Looking ahead, however, the outlook for exporters is less clear.

“Last week’s election result has caused further turbulence in the political climate and businesses will no doubt be hoping for some early clarity on the UK’s future trading relationships with Europe once the Brexit negotiations start in earnest.”

Original Article: Joshua Hammond, Insider Media, 14th June 2017

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Doncaster Sheffield Airport regains ‘fastest-growing’ Title

Airport regains ‘fastest-growing’ titleDoncaster Sheffield Airport has regained the title of fastest growing UK airport with over a million passengers, according to new figures.

Figures from the Civil Aviation Authority (CAA) show that airport has experienced a 43.1 per cent growth and rolling passenger numbers of 1.3 million between 1 April 2016 and 31 March 2017.

The airport works with airlines including Thomson, WizzAir and Flybe.

Chris Harcombe, head of aviation development at Doncaster Sheffield Airport, said: “This is fantastic news and we are thrilled to once again have the status of the fastest growing airport, with over 1m passengers, in the country. It is great to see so many people supporting our development by choosing to fly local.

“Passengers have over 40 routes on offer to them from our airport and access to the airport is now so easy thanks to the motorway link road opening.

“Early last year we announced a new partnership with Flybe which has brought more low cost flights to the airport and provided access to European hubs including Amsterdam, Berlin, Dublin and Paris and popular leisure routes including Alicante, Malaga, Faro and Palma.

He added: “We are extremely proud of the service we offer at Doncaster Sheffield Airport and have invested in our terminal, in our products and in our team to ensure that we can continue to offer high standards of customer service.

“We are continuing our work with partners from across the region to shout about Doncaster Sheffield Airport, the ease of travel to reach us, the destinations you can get to from our Doncaster base and the quality service you can expect when you fly from here.”

Source: Joshua Hammond, Insider Media, 21st June 2017

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International Competitive Tender Documents – Uzbekistan

 

The latest International Competitive tenders made available via the Commercial Office at the British Embassy in Tashkent.

Mechanical Seals, tools and spare parts for a variety of sectors.

Tenders Uzbekistan 25.05.2017

 

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RECORD INWARD INVESTMENT FOR YORKSHIRE AND HUMBERSIDE

Yorkshire and Humberside has recorded the highest level of inward investment in two decades, according to new research.

The region attracted 98 foreign direct investment projects in 2016, more than in any year since 1997, the latest EY UK Attractiveness Survey has found.

A total of 25 different countries invested in projects in the region, the most of which originated in the US, which launched 30 projects. Germany invested in ten projects, France started nine and Austria, Ireland and the Netherlands each invested in five projects.

The 98 projects represented an increase of 24 per cent compared to 2015 and manufacturing projects led the surge in investment in the region in 2016, making up 57 per cent of all projects, followed by financial and business services which accounted for 15 per cent.

Suzanne Robinson, Yorkshire and Humber senior partner at EY, said: “The work that has taken place to position the whole of Yorkshire and Humberside as a strong investment location in the global marketplace is starting to pay off.

“These figures show that the international investment community has seen the potential in the region, with its access to the right skills, infrastructure and strong supply chain networks.

“Manufacturing in particular has seen strong growth in this region.”

She added: “This is not just from factories, the Yorkshire and Humber region attracted four headquarters, four logistics facilities, three testing centres and two training centres in 2016, demonstrating the strength and diversity of skills available in this region to foreign investors.

“However looking beyond manufacturing, the number of software projects in this region fell from six to two, and research and development  projects fell from five to just one, which clearly defines a need to focus more resources in these areas in the future.”

According to EY’s chief economist Mark Gregory, the impact of the Brexit vote and the Northern Powerhouse initiative were beginning to have an impact on investment.

“The research suggests that the EU referendum vote and its aftermath may be having an influence on global perceptions of the UK’s medium to long-term attractiveness,” Gregory said.

“Western European investors are twice as negative as Asian and North American investors.

“Decisions on the majority of investments made in 2016 would have been made up to three years ago, which helps to explain Yorkshire’s – and the wider UK’s – solid performance last year, but signs of a slowdown are on the horizon.”

Robinson added: “The concept of a Northern Powerhouse has undoubtedly helped to improve the overall attractiveness of the region.

“However, it will need to remain a key priority consistently for the medium term if we are to realise the full economic benefit from re-balancing the economy.”

“What is clear, is that the UK has a short window to act.

“On a positive note, across the North in particular we have a solid base to build from, with globally renowned strengths.

“A rapid response and clear strategy can help strengthen our position for inward investment from all parts of the globe.”

Source: Joshua Hammond, Business Insider, 23rd May 2017

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