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Trade Insights: The changing face of UK trade
Read time : 10 mins Added: 18/09/2023
For businesses engaged in international trade, recent years have been defined by change and transformation.
At a glance:
- As the UK finds its place in a new and emerging geopolitical landscape, businesses are now able to access new opportunities in a world that has become more of a level playing field.
- The way we import and export has changed, with the UK looking to build robust and resilient supply chains while also leveraging lucrative trading relationships with countries around the world.
- Who we trade with, and the way we trade, has evolved. With the Electronic Trade Documents Act coming into effect on 20th September 2023, we have begun a journey of mass digitalisation in the field of trade, modernising centuries-old processes to boost speed, efficiency and innovation and delivering monumental economic and environmental benefits.
- UK businesses face a landmark moment in the history of international trade: not only is the landscape changing to enable trading relationships with new markets, but it’s also becoming easier than ever before to trade with them. So how can firms embrace this change and maximise its potential?
Read our full Trade Insights report (PDF, 2.8MB) to find out how firms can embrace this change and maximise its potential.
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