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INTERNATIONAL TRADE


TRAINING & EVENTS INTERNATIONAL TRADE COURSES


JUNE


The Brexit effect and managing risk in international trade Date: Time:


26 June 9am-4.30pm Location:Chesterfield


Transport of lithium batteries by road and sea Date:


26 June


Time: 9am-5pm Location:Chesterfield


Dangerous goods by air Date:


27 June


Time: 9am-5pm Location:Chesterfield


Survey to probe business Brexit plans


With the deadline for Britain to leave the European Union now less than ten months away, the Chamber and its Brexit Advisory Group are urging businesses to begin planning for different scenarios. So far, there has been no


definitive research done to find out how much progress has been made or what organisations are doing to ensure success in a post-Brexit global trading environment. The Brexit Advisory Group


recently published a checklist of things businesses should be doing now to best position themselves as the UK transitions out of the EU. But the Chamber’s second


Quarterly Economic Survey for the year will probe deeper into what firms have done so far and what they are planning to do in the immediate future. Chris Hobson, the Chamber’s


Director of Policy, said: “Despite continued uncertainty, there are things that businesses should be doing now to position themselves to respond to the challenges and opportunities that will arise. “This survey will give us our first real insight into what steps


businesses in the region are taking to prepare for Brexit. The answers will help the Chamber’s Brexit Advisory Group understand those areas where businesses may value more support from the Chamber over the coming months and help shape our continued lobbying messages as we work with Government.” The survey will ask organisations


whether they have held high-level meetings to discuss trade beyond Brexit, if they have revised business strategies or investment plans, reviewed export activities, considered future workforce access, looked at the impact of potential border delays and rules of origin certification, changes to tariffs and VAT rules or thought about intellectual property rights. The Brexit Advisory Group was


set up, in partnership with Chamber Strategic Partner RSM - one of the UK’s leading providers of audit, tax and consulting services, to help local firms and other organisations navigate the Brexit process.


To take part in the survey, visit bit.ly/EMCQES2.


The Chamber’s Quarterly Economic Surveys are being sponsored in 2018 by the University of Leicester School of Business. For information about the University of Leicester School of Business visit www2.le.ac.uk/departments/business.


Norway is the fourth largest country in Europe, a sophisticated and established market, which enjoys a trusted trading relationship with the UK. It has an educated and technologically- advanced society looking for high quality products and services and is considered an easy market in which to do business.


There are many benefits to East Midlands businesses looking at Norway as a potential market for international growth. Norway has high living standards and a stable economy with low levels of corruption. English is widely used in business and brands from the UK are perceived as high quality. While Norway is not a member of the European Union (EU), it is a member of the European Economic Area (EEA) and Norway acknowledges the same trading code practice as the EU, ensuring ease of import and export of goods and services from EU countries. With a population of only five million, Norway was able to remain


stable throughout the economic crisis and is still growing with a very low unemployment rate. The Norwegian economy is dominated by the offshore oil and gas


sector, which accounts for around 25% of revenue creation in the country. Crude oil, natural gas and electricity account for 65% of all exports. Other areas of economic development include seafood, timber and metal products, telecommunications and hydropower. Ninety-nine per cent of power generation in Norway comes from clean


hydro-driven installation and government support is available for development of power generation from renewable energy sources. Energy-efficient solutions are high on the Norwegian government agenda, particularly in the construction industry. The Enova initiative which encourages energy efficiency measures and new low carbon energy is just one example. With this in mind, there are opportunities for UK companies in this sector, including renewable technologies, energy efficiency and devices such as smart meters.


30 business network June 2018 SPOTLIGHT ON: NORWAY


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