With Brexit on the horizon, export experts joined North East manufacturing and business leaders at Hardwick Hall Hotel to discuss international trade and shed light on how to put their businesses in the best position possible for the future.
The event, which was organised by accountancy firm Tait Walker, is the second event from the firm’s 2018 Export Campaign, which will run until the end of November. It aimed to address the uncertainties and obstacles that the region’s businesses are facing.
Hosted by Tait Walker’s managing partner Andrew Moorby, a five-strong panel including Simon Crosby for the Department for International Trade, Will McGarrigle for CBI, Patrick Kendell for UK Export Finance, Beverly Perry for Intellectual Property Office and Jacqui Tulip for North East England Chamber of Commerce encouraged attendees to assess their export activity and develop a new strategy now, ahead of 29 March 2019.
Simon Crosby, senior international trade adviser at the Department for International Trade, said: “At the Department for International Trade, we are aiming to get more companies exporting for the very first time and to get those already exporting into new markets.
“The North East is a region of SMEs and some can face some real challenges when it comes to exporting, which we can help them overcome. We are the only region with a consistently positive balance of trade, but we need more businesses to start to consider trading outside of the UK.”
As well as encourage the region’s businesses to increase exporting, experts offered advice on protecting IP, securing financial support through UK Export Finance and ensuring businesses have the right team in place.
Jacqui Tulip of North East England Chamber of Commerce said: “North East businesses have a huge support network and some great online tools to help them to understand new markets and opportunity to expand globally. We need to encourage local businesses to think more globally and share their success stories”
Andrew Moorby, managing partner at Tait Walker, said: “Our export campaign aims to support businesses across the North of England on how to explore export opportunities, understand support networks and how we can work better together as a unified region.
“We still don’t know what the outcome of Brexit will be and there is a lot of uncertainty, but it’s important that we start to look at the other markets that are available to us. The more we can export as a nation, the better our economy will be and there are ways that we can prepare for a no deal, with recognised customs standards and cash flow planning.”
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