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New commerce advice to meet for the first time to stimulate exports and develop the economy
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Has just heated in the three trade agreements in three weeks with the United States, India and the EU all aimed at overeating British exporters
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Provide a change plan to draw small businesses and develop the economy
As part of the government’s plan to stimulate small businesses, the new renovated trade commission will meet for the first time today, just a few weeks after the United Kingdom has signed two historic agreements with India and the United States and a new EU agreement that will stimulate exports of food and drinks.
Led by the Secretary of Businesses and Trade Jonathan Reynolds, the board of directors is about to become the cornerstone of the government’s growth mission, the change of change and the larger modern industrial strategy to help British companies prosper and develop.
The Board of Directors meets at the rear of the third major trade agreement in as many weeks, ensuring that the United Kingdom is once again confronted in the world to stimulate business, support workers and develop the economy.
This week’s agreement with the EU means that a new SPS agreement will facilitate food and export drinks by reducing the administrative formalities that have placed the charges on businesses and have led to long queues of trucks on the border.
The new agreement with India should be shot in the arm for whiskeys and Gin exports from the United Kingdom, cosmetics, medical devices, advanced machines and lamb and should increase bilateral trade by 25.5 billion pounds.
Trade with India will be faster, cheaper and easier thanks to improving customs processes and promoting digital systems, which will be particularly important for SMEs that may otherwise not be able to enter the Indian market.
Meanwhile, the American revolutionary agreement should help grow on the 196 billion sterling existing pounds of the annual exports of the United Kingdom, with reduced prices on cars and steel.
Bringing together a power of commercial expertise to stimulate economic growth – the board of directors is responsible for overeating British exports, providing targeted support to small businesses across the country and helping companies use the export opportunities for the United Kingdom ALF.
The high -level advisory organization includes business leaders like the apprentice star Mike Soutar, the CEO of the BT Group Allison Kirkby and the British founder of small businesses Michelle Ovens CBE, which will serve as ambassadors and defenders of British companies.
Reunion comes from the breakthroughs of historic trade with India and the United States, which should offer billions of economic advantages to British companies and workers.
Affairs and Trade Secretary Jonathan Reynolds said:
“Today marks the start of a new chapter for British trade. This advice is not only a discussion shop – it is a practical and dynamic force that will help companies with all sizes to access the global markets and to seize the opportunities created by our commercial transactions.
“We have already obtained the best transaction that India has ever accepted, and our American agreement has reduced the prices for our sectors of steel and automotive, protecting hundreds of thousands of British jobs.
“As part of our change plan, we concentrate the same determination to help our small businesses – the beating heart of our economy – to exchange more and develop more, by supporting good jobs and higher wages in all regions of the United Kingdom.”
The Council will advise you on the delivery of the next commercial strategy and the strategy of small businesses, guaranteeing both the alignment of government’s engagement towards economic growth nationally which increases the standard of living in each region and nation.
This comes after the United Kingdom and India have agreed that a historic commercial agreement worth 4.8 billion pounds sterling in the British economy and 2.2 billion sterling pounds to wages each year and reduces prices to all levels, including whiskey, cosmetics and medical devices.
It is also hot on the heels of the historic agreement signed with the United States, protecting jobs in the automotive, steel, aluminum, pharmaceutical and aerospace-sectors that employ more than 320,000 people across the United Kingdom.
In addition, around 260,000 jobs are supported by the automotive industry in the broad sense and British farmers now have a major opportunity to sell their high quality beef to a market of more than 300 million people, helping farmers develop their businesses.
The agreement has laid the foundations for a greater trade in the future when we continue discussions for a broader agreement that will seek to increase digital trade, better access for our cutting -edge service industries and to improve supply chains.
The first meeting of the Board of Directors is part of a larger series of measures to increase the number of SMEs with strong growth across the country.
The government has already announced that it will launch a major consultation to combat the scourge of payment delays, while the budget protected one million small businesses from national insurance increases, extended commercial tariff statements and announced a new business growth service to facilitate and faster than SMEs access and benefit from good advice and support from the government for their business.
Board of Directors Advisers
Omar Ali, Commercial Council Advisor and World Leader for Financial Services at EY, said:
“Global trade is fiercely competitive, and British companies that sell world products and services – in particular small entrepreneurial companies – must be supported because they contribute to the international market. Whether British financial services companies allowing better access to finance or improving the digital infrastructure that protects trade, in the economic climate of challenges, exhibitions and exhibitions improve exports.
Catherine McGuinness CBE, a leading voice for financial and professional commercial services, said:
“It is a good time to meet, following the trade agreements of India and the United States and the reset of the EU. I can’t wait to work with the Secretary of State and my colleagues advisers to encourage the government to use commercial levers to stimulate growth and help companies prosper through the United Kingdom. ”
Michelle Ovens CBE, founder, small business in Great Britain, said:
“I am excited to work with the Board of Trade as It Accelerates Its Vital Work to Boost Exports and Grow the Economy. It is encouraging to see New Deals Struck in Recent Weeks and a Real Boost to Energy and Ambition. Almost All Businesse in the Uk Are Small Businesses, and The Economy, Employment Millions and Creating Communities.
Commercial reaction to recent trade agreements:
Bill Winters CBE, Managing Director of the Chartered Standard group and co-president of the UK-India Financial Partnership, said:
“The British-Indian free trade agreement is an important success. It will create new opportunities for British and Indian companies, will allow better access to one of the most important and dynamic markets in the world, and stimulates growth and innovation in the corridor of the United Kingdom.
Shevaun Haviland, CEO of the BCC, said:
“The US agreement has met with a huge sigh of relief from many British companies. Reduction of 25% prices on most of our automotive exports and the elimination of steel and aluminum samples were the biggest victories.
“These sectors had been in shock because jobs, investments and sales were all reduced or suspended. The framework agreement will give them a much necessary certainty. They will be eager to see him quickly promulgated so that they can quickly restore orders and supply chains.
“With the India trade agreement and the agreement of the UK-UK-UE also agreed, the government should be congratulated for its recent achievements, but our economy still needs more. Global commercial conditions remain precarious. The government must continue to continue a daring commercial program and help British companies seize opportunities in the rapidly growing Indo-Pacific region. ”
On the British-Indic Ale, Karen Betts, Managing Director of the Federation of Food and Beverages, said:
“We are delighted that the government has finalized its new free trade agreement with India, which testifies to the hard work of the negotiation team. This is a very welcome to news for manufacturers of British food and drinks, especially for carbonated drinks, chocolates, cookies, net breads and crackers, which will now benefit from access without prices to one of the fastest growth markets. EFT represents an important opportunity for British food and carbonated drinks.
“The FTA will also offer British manufacturers better access to the ingredients produced in India, strengthening the resilience and competitiveness of the supply chain for our sector. We look forward to working with the government to ensure that the advantages of the agreement are made in a wide range of manufacturers of British food and drinks. ”
In the US agreement, Karen Betts, Director General of the Federation of Food and Books (FDF), said:
“This is a very positive news for the British economy and to be welcome. There is obviously the question of the 10% price which continues to apply to exports of food and drinks. We hope that this agreement will also create space and momentum for continuous discussions on the elimination of these prices.
“The United States is the third largest export market in the United Kingdom Food and Drink, with 2.7 billion pounds sterling of goods exported to it in 2024, many of which are produced by small and medium-sized companies. The government can make a real difference here by providing more practical practical advice and support to help food and drinking companies to find new customers abroad. ”
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