CCR Magazine

CCRi banner ad
You are here  :Home arrow News arrow Small firms’ trade deal priorities revealed
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
Small firms’ trade deal priorities revealed PDF Print E-mail
Tuesday, 21 March 2017
Securing continued access to EU markets is a top priority for UK smaller firms when it comes to future trade deals, new research by the Federation of Small Businesses reveals. 

Almost two thirds (63%) of the FSB’s UK members regard the EU as a priority market. Almost half (49%) of firms asked cited the USA as a key trade destination, with about one in three highlighting Australia (29%) and similar proportions naming China (28%) and Canada (23%).

About a sixth of Scottish FSB members currently export, a slightly smaller proportion of firms than for the UK as a whole. The study warns that one in four (27%) exporting small firms would be deterred from trading with the EU should any tariff – no matter how low – be introduced.

The new research also discovered more than half (58%) of smaller firms find the EU single market easier to trade with than non-EU markets, with only six per cent saying the opposite.

45% of current exporters and over half (53%) of current importers find trading with the EU single market cheaper than trading with non-EU markets. Around one in five small exporters trade exclusively with the EU. The study also identifies that non-tariff barriers – such as packaging or transportation requirements – can also pose problems for smaller firms.

Andy Willox, the FSB’s Scottish policy convenor, said: “The UK and Scottish economies cannot afford to see a slowdown in exports.

“FSB is calling on the UK Government to secure the easiest, and least costly, access to the EU single market in the Brexit negotiations. Lots of first-time exporters regard EU markets as a training ground and a lower-risk first step to realising their global ambitions.

“In addition, we cannot underestimate the importance of an arrangement which works for firms which import. Speciality shops and manufacturers need access to global suppliers so they can in turn service their customers. Many of these firms often in turn service UK firms which export.

“Ultimately, this research shows if we want Scottish export volumes to increase then we need frictionless cross-border trade. We’re also calling for greater support for small businesses to reach out to non-EU markets.”

FSB is writing to the Scottish Government and the Scotland Office with details of their findings. The small business campaign has made the case for co-ordinated action from both governments and their agencies to mitigate the impact of any upcoming changes in trading conditions.
 
CCRI
3 October - Guoman Tower Hotel, Central London 

CCRInteractive, in association with Marston Holdings , is the largest and leading one-day conference from the publishers of CCRMagazine – a truly national and international event for the credit industry.

This landmark event allows delegates to: Learn best practice of how to increase profitable sales in today’s economy. Understand the key compliance issues and how they will impact upon you. Discuss the legislative and regulatory framework and how it will effect you. Consider the potential effects of Brexit on your business. Discover the latest innovations in the market to improve your collections. Motivate your staff to achieve ever improved results.

To book to attend in 2017, contact Stephen Kiely  or Alison Lucas. To find out more about being part of this landmark event, please contact Gary Lucas
CCRI 

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

The Credit Excellence Awards

Awards 

Tuesday 3 October - Guoman Tower Hotel, Central London


Do not miss your chance to meet and network with the Winners and Finalists at the Credit Excellence Awards, in association with Hoist Finance.


To book your place to attend, please contact Alison Lucas.


subscriptions

CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


 

Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197