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INTERNATIONAL TRADE


bureaucratic and has an inconsistent and non-business-friendly taxation system, so it is worth doing your research when looking at Greece as your next growth market. European Regional Cohesion policy (2014 to 2020) provides funding


for Greece. The money has been invested in projects to encourage innovation and research, digital and low carbon technologies, transport links, infrastructure, education and employment. These are all areas of opportunity for UK companies, some of whom have already taken part in these significant projects, and a large number of tenders and other procurement processes are expected to be announced over the coming months and years. The Greek Privatisation Fund (TAIPED) was set up in order to carry


‘The tourism sector is a huge contributor to the economy, with Greece welcoming over 20 million tourists each year’


out a broad privatisation programme including roads, ports, rail, public utilities and real estate and these projects can present significant opportunities for UK businesses across a range of sectors. For example, in energy there are supply chain and consultancy opportunities for the Trans Adriatic Pipeline (TAP) which transports Azeri gas into Europe. UK food and drink exports to Greece are worth £90m per year and


rising, with beverages, health, foods and cereals among those items that are particularly sought after in the Greek market. With tourism so influential in the Greek economy, the country is


continually looking to update and enhance its appeal to visitors. This also creates opportunities for real estate development, marinas, luxury resorts and alternative tourist experiences. The Shipping sector is one of the healthiest and most dynamic sectors


of the Greek economy, representing almost eight per cent of GDP. Greek ship owners control over 17% of the world carrying capacity and are involved internationally in the cargo and passenger trades. City of London financial services enjoy a predominant position in all shipping- related services and have strong links with the Greek shipping community, allowing for collaborations with UK companies in marine insurance, shipping finance and legal services. A business enterprise in Greece can be operated as a company, a


foreign branch, a trust, a joint venture, an individual or a partnership. In most cases doing business in Greece requires local representation in


the form of an agent or distributor and commitment to regular market visits, especially during the early phase, are an important part of a successful interaction with the agent or distributor.


If you are an SME looking for your next market for international growth, you can contact the Enterprise Europe Network for free tailored business support. Email: eeninfo@emc-dnl.co.uk, visit www.enterprise- europe.co.uk or connect via Twitter at @EEN_Midlands


ChamberCustoms – there for your international trade needs


ChamberCustoms delivers a customs declaration service for UK importers and exporters, of all sizes, in every region of the United Kingdom. With our extensive knowledge,


reputation and first-class service in facilitating international trade, we can take the hassle out of your hands when it comes to exporting and importing goods. The service is offered direct to


businesses and through UK freight forwarders, ensuring that customs clearance is accurate, timely and avoids additional costs through delays or errors. With direct links to the HMRC


Customs handling system and all inventory linked ports, we can ensure that your goods, no matter where they enter or leave the UK, will be cleared for onward transportation smoothly. We can also help you keep your time sensitive supply chains moving efficiently and economically.


WE OFFER: • A high level of compliance and assurance for customers


• Confidence on tariff and data entry to remove fiscal risk; backed by the technical expertise of the market leader in this sector


• A wealth of international trade experience and expertise from across the trusted Chamber of Commerce UK network.


We know that navigating trade documentation can be complicated. Please get in touch if you have any queries about trading internationally or want to find out more about customs declarations services.


Contact the International Trade team at the Chamber to discuss how we can help you realise your international ambitions.


business network June 2019 43


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