UK and Lebanon trade agreement signed

UK and Lebanon sign trade continuity agreementA UK-Lebanon Association Agreement has been signed by both nations, ensuring British businesses and consumers will continue to benefit from preferential trading terms after leaving the European Union.

Trade between the UK and Lebanon was worth £603 million in 2018. Minister for the Middle East and North Africa Dr Andrew Murrison said: “The economic and trade relationship between our two countries holds much potential. I look forward to more British and Lebanese companies doing business with each other.” Read more >

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UK joint statement with Korea

UK joint statement with KoreaThe UK and Korea have signed a joint statement for trade continuity that will allow businesses to keep trading freely even after the UK has left the European Union. This will help to strengthen the trading relationship between the UK and Korea further, which in 2018 was worth £14.6 billion.

International Trade Secretary Dr Liam Fox commented on the increasing value of trade between the two nations: “Providing continuity in our trading relationship will allow businesses in the UK and Korea to keep trading without any additional barriers, which will help us further increase trade in the years ahead.” Read more > 

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Scottish fish exports make a splash

Scottish fish exports make a splashThe Department for International Trade (DIT) has praised Scotland’s £1 billion fish industry. Latest statistics from HMRC show that goods exports from Scotland grew faster than any other part of the UK in the year to March 2019, now worth £32.8 billion.

In 2018 fish exports from Scotland to China were worth £97 million, China is Scotland’s top destination for fish exports outside of the EU and third largest destination in the world. The USA is the fourth largest destination for Scottish fish, with exports worth £89.5 million last year. Read more >

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