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INTERNATIONAL TRADE


UPCOMING INTERNATIONAL EVENTS


beverages, industrial and transport products, fuels and lubricants and consumer goods are the commodities mostly imported to Iceland from the UK. Infrastructure and engineering


remain high on the Icelandic government’s agenda, with some major projects in the pipeline. These include high speed airport rail links, a new hospital and a £5bn energy transmission system. These huge investments create potential opportunities for UK companies to provide their expertise in areas such as feasibility studies and environmental assessments, engineering consultation and construction machinery. Overseas investment has been


most prominent in power intensive industrial production, mainly focusing on metals and solar silicon, but there are other opportunities for UK companies in areas such as data centres and life sciences, where expertise from overseas would be welcomed. Any UK company looking to


Iceland as a potential market should ideally work with a local partner, for example through a wholesaler or distributor who has knowledge of the local market,


laws and customs. However, if a company is going it alone, they must check with the Icelandic authorities for the correct way to register their business, as there are forms that need to be completed, some of which will only be accepted in the Icelandic language, so it is advisable to allow some time for research and translation purposes. There may also be fees to pay if you are establishing a branch in Iceland. If you are looking to grow your


business internationally in Iceland, or other overseas markets, you can get free tailored support from Enterprise Europe Network. This organisation is the world’s largest business support network, helping local SMEs grow internationally by accessing new markets and commercialising innovative ideas. The network spans more than 60 countries and offers free-to- access advice, support and events to give companies the knowledge and guidance to succeed.


Visit www.enterprise-europe.co.uk for more information, or to connect with your local business adviser, call 0333 320 0333 or email eeninfo@emc-dnl.co.uk


EUREKA GLOBAL INNOVATION SUMMIT – 14-16 MAY


The EUREKA Global Innovation Summit takes place 14-16 May in Manchester. Hosted by Innovate UK, it is the UK’s largest innovation event of 2019 bringing together over 1,700 businesses and policy makers from over 45 countries. It is free to attend but registration is necessary. The UK is proud to hold the chair of the EUREKA network. The network


brings together the largest grouping of national ministries and innovation agencies to support business-focused research and development.


WHY JOIN THE SUMMIT? Join the EUREKA Global Innovation Summit and you can expect to meet people from across the globe and find solutions to all of these challenges: • Discover sources of Government R&D funding and investment to enable you to develop your ideas and to achieve international growth


• Foster potential partnerships and collaborations with global business representatives


• Participate in face-to-face networking and take advantage of the 1,500 matchmaking opportunities that will enable you to identify new innovation opportunities across borders


• Develop knowledge in areas such as how to commercialise your IP, how to identify your perfect investor and access different forms of funding.


To see the full event agenda and to register visit www.egis2019.org INTERNATIONAL TAX BREAKFAST BRIEFING


Taking place between 8-10am on 11 June in Leicester, the Enterprise Europe Network, in collaboration with Chamber strategic partner RSM, invites you to attend this briefing which will provide East Midlands-based companies with the opportunity to hear about the latest updates and upcoming international tax- related challenges they need to consider. Andy Ilsley, Indirect Tax Specialist at RSM, will provide an update on the Brexit position as it impacts indirect tax (VAT and customs duty). Businesses will need to be critically considering the robustness of their


current supply chain, how this needs to be made ‘Brexit proof’ and the implications of pursuing alternative markets. Mike Plant will also provide an overview of the potential direct tax


impact of Brexit together with other tax issues to consider when expanding internationally.


Iceland and the UK share many similar business practices


If you would like to attend, you can book your tickets at bit.ly/EENInternationalTaxBreakfast, call 0333 320 0333 or email eeninfo@emc-dnl.co.uk


business network May 2019 41


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