New Commission set up to help UK traders access international
markets
LONDON, April 19,
2024 /PRNewswire/ -- Some 30,000 UK companies who
exported goods in 2021 do not do so today. The Trade Facilitation
Commission (TFC) has been established to bolster UK small and
medium-sized enterprise (SME) global trade activity, addressing the
current challenges where less than 10% of UK SMEs engage in goods
exports, a third of GB importers are unsure of their customs duty
payments and nearly half have experienced delays at the port.
Despite the potential for growth through international trade and
mutual recognition agreements many UK SMEs face barriers ranging
from complex regulations to limited resources, hindering their
ability to engage in global trade activities effectively.
"The Trade Facilitation Commission is dedicated to unlocking the
potential of UK SMEs in the global market," said Lord Agnew,
Chairman of the TFC.
Robert Hardy co vice-Chairman
added "Our initiatives aim to remove barriers, provide support, and
equip SMEs with the tools and resources they need to succeed in
international trade."
Through a comprehensive approach, the TFC plans to implement
various measures to facilitate trade and support SMEs,
including:
- Simplifying trade procedures and reducing bureaucratic hurdles
to make global trade more accessible and efficient
for SMEs.
- Providing tailored assistance and guidance to SMEs,
including access to market intelligence, trade finance, and trade
training programs.
- Strengthening partnerships with key stakeholders, including
government agencies, industry associations, and trade promotion
organisations, to coordinate efforts and maximise impact.
- Leveraging technology to digitise trade processes, improve
transparency, and enhance the competitiveness of UK SMEs in the
global market.
"By fostering an environment conducive to trade, we not only
empower businesses but also drive economic growth and prosperity
for the nation as a whole," said Shanker Singham, co vice-Chairman
of TFC.
The launch of these initiatives underscores the TFC's commitment
to fostering a supportive environment for trade and driving
inclusive economic growth. By empowering UK SMEs to expand their
presence in global markets, the Commission aims to unlock new
opportunities, drive innovation, and propel the nation towards
greater prosperity.
Website: www.facilitation.trade
About Trade Facilitation Commission
The Trade Facilitation Commission (TFC) is dedicated to
promoting trade facilitation and supporting SMEs in the UK. With a
focus on reducing trade barriers, enhancing competitiveness, and
fostering economic growth, the TFC works closely with stakeholders
to streamline trade processes and empower businesses to seize
global opportunities. Through advocacy, policy initiatives, and
capacity-building efforts, the Commission aims to create an
enabling environment for trade and drive sustainable development
across the UK.
About the Commissioners
LORD AGNEW - CHAIRMAN
Former Minister of State at the Cabinet Office (2020-2022)
responsible for border readiness related to UK's exit from the
European Union.
ROBERT HARDY – CO VICE
CHAIRMAN
Founder and CEO of the EORI Group of companies, specialising in
simplified customs processes. AIBF UK-Irish Business Person
of the Year 2023.
SHANKER SINGHAM – CO VICE CHAIRMAN
One of the World's leading experts on international trade,
competition and regulatory reform. Co-Chair of the Growth
Commission.
LARS KARLSSON
Global Head of Trade and Customs at Maersk. Former
Director of World Customs Organisation and Director General of
Swedish customs.
TONY SMITH CBE
Former Director General of UK Border Force and Director of
Borders Canada. Awarded a CBE for vital role in delivering
2012 London Olympics. Chairman of IBMATA (Int Border Management and
Technologies Association)
KEVIN FRANKLIN
Former Director of Customs Transformation at HMRC. Associate of
the Cabinet Office infrastructure and projects authority.
FRANK DUNSMUIR
Leads the Digital Transformation team at IOE&IT, projects
include Kenyan Single Trade Window, UK EcoSystem of Trust,
Freeports as well as projects working with Europoort in
the Netherlands
KEVIN SHAKESPEARE
Director of Strategic Projects and International Development at
IOE&IT (Institute of Export and International Trade).
Dean of the UK Customs Academy.
CHRIS SALMON
Former senior advisor to Michael Gove MP on Brexit Border
Readiness. Co-Founder of clearBorder a firm specialising in
trade training.
Logo -
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SOURCE Trade Facilitation Commission