Archive for February 26th, 2022
Archive for February 26th, 2022

Archive for February 26th, 2022

26
Feb

UK signs digital trade deal with Singapore ‘for quicker, more trusted access to lucrative market’

Trade minister Anne-Marie Trevelyan has signed a digital trade deal with Singapore on the final day of her Asia-Pacific tour. The UK-Singapore Digital Economy Agreement (DEA) is the first by a European nation. According to the government, the deal will strengthen the UK’s £16bn trading relationship with Singapore by ending outdated rules for goods and services exporters, […]

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19
Feb

UK’s competition watchdog unites with global counterparts to probe shipping price ‘collusion’

The UK’s Competition and Markets Authority (CMA) is teaming up with fellow competition bodies in the US, Canada, Australia and New Zealand to detect and investigate collusion between suppliers or shipping groups to hike prices. Agencies in the ‘Five Eyes’ nations – the name given to an intelligence alliance consisting of the US, the UK, Canada, Australia […]

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17
Feb

Cross-border Irish trade jumped by £2.8bn in 2021 as British exports to the Republic dropped

Cross-border trade between the Republic of Ireland (ROI) and Northern Ireland (NI) jumped by €2.8bn in 2021, according to full year figures from Ireland’s Central Statistics Office. Imports to ROI from NI were up 65% to €3.9bn, with trade in the other direction up 54% to €3.7bn. ROI-GB imbalance   There was a drop of just over […]

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16
Feb

New shipping group pushes for global adoption of digital bills of lading to replace print documents

A new group is being formed to promote the use of electronic bills of lading (eBLs) in place of traditional print documents, by developing and sharing an open-source global eBL standard. Bills of lading are legally-binding documents for moving freight, and as such are critical for financing, proof of ownership and customs clearance of goods […]

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09
Feb

New monitor shows boost in number of UK exporters

he effects of Brexit on UK exporters over the last 12 months are still evident UK Exporter Monitor, February 2022 New modelling from the Exporter Monitor produced by data group Coriolis Technologies and the Institute of Export & International Trade shows a pick up in January 2022 of the 12 month average for the number […]

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