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Trade Insights: The changing face of UK trade
Read time : 10 mins Added: 18/09/2023
Trade Insights: The changing face of UK trade report
The way the UK trades internationally is evolving. In the context of geopolitical and macroeconomic change, pivots in terms of trading relationships and radical digital transformation, the UK is undergoing a significant evolution in both where and how it trades around the world.
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.
Trade Insights
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The next era of international trade transactions
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Abel Martins-Alexandre, Head of Infrastructure, Energy and Industrials at Lloyds Bank and former Group Corporate Treasurer of Rio Tinto, shares his insights into managing working capital.
Exploring opportunities overseas
With export conditions becoming more favourable for UK businesses, there are several opportunities ready to be seized overseas.
Our trade solutions
Our specialist teams have extensive experience in the key areas of trade finance and supply chain management. They can help you find the right solutions to take advantage of opportunities, whether importing or exporting.