Trade & Export

The World Trade Organisation gained some headlines recently with projections that World Trade will fall between 13-32% in 2020 under the weight of current coronavirus disruption. David Millett considers the wider impact for businesses and international trade.

The Withdrawal Agreement and Political Declaration approved in October have now come into effect.  The UK has entered a transition period until the end of 2020.  This means the UK has formally left the EU, but the detail of the future relationship has still to be resolved.  This is certainly relevant to trade.

In recent days, an Official close to the US-China trade negotiations was quoted as saying a phase 1 agreement was ‘millimetres away’.  Even more recently a potential obstacle to progress arose as a result of Congress passing the Hong Kong Rights and Democracy Act.  So where does that leave matters and what does it illustrate?

Amidst the current political turmoil, it is hard to get a clear perspective on trade issues.  Any trading business wrestling with the uncertainties and impact of Brexit and trade disputes does not need a reminder of the importance of removing friction from trade.

Incoterms 2020 has now been published. The main focus of the new publication has been to better steer users towards the right Incoterms rule for their sale contract.

With Brexit on the horizon and at a time when many UK businesses are getting involved in importing and exporting, there has never been a greater need for better education in trade and export. Trade & Export Online, RWA’s new online learning platform, is the ideal solution for those who work in the areas of import and export, provide advice to clients who import and export, or those who may wish to start trading overseas.

Once again we are in a time of political turmoil.  So can we shed any further light on current prospects? David Millett provides his latest update on Brexit and international trade.

With the new Incoterms coming into effect from 1st January 2020, David Millett takes a look at what might change.

In June, Facebook announced its plans for a digital currency that could be a revolution. David Millett looks at some of the challenges that new currencies may have within Trade and Export.