Exporting: is it for you? What is the Department for International Trade? What is the role of an International Trade Adviser? The benefits and considerations.

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Presentation transcript:

Exporting: is it for you? What is the Department for International Trade? What is the role of an International Trade Adviser? The benefits and considerations of exporting Your next steps Questions & Answers

What is the Department for International Trade? Government Department responsible for promoting British trade across the world Developing, new trade and investment policy and trade agreements Providing support for exports and facilitating inward and outward investment Presence in more than 100 countries

What is an International Trade Adviser? ITA = International Trade Adviser Professional advice to help win business overseas develop export strategy advise and educate highlight specific services Specialists : Digital Trade Adviser : Sector Specialists : China Adviser

Department for International Trade – East Midlands Benefits & key considerations Benefits Considerations

Department for International Trade – East Midlands Review of the benefits of exporting Increased sales Keep ahead of the competition Smooth out seasonality Spread the risk Utilise spare capacity Access bigger markets The rest of the world = 95% Increased profitability Cultural development Extending product life cycle

Department for International Trade – East Midlands Key considerations Where to start? How to enter a market? VAT/Taxes/Duties Regulations/ paperwork Logistics Product fit Language & culture How much time will it take? Having the right people Ensuring there is sufficient finance

Department for International Trade – East Midlands Next Steps www.great.gov.uk – Export Opportunities, Doing Business in ….. www.opentoexport.com Masterclasses International Trade Adviser – assess your readiness or develop your export strategy

Recap on agenda – you know who we are and that we can help you Recap on agenda – you know who we are and that we can help you. Hopefully now more aware of the benefits and considerations. We have also explored where you are currently vis a vis your readiness to export and what areas you may need to focus on. Thank them for attending and advise you will be around afterwards if anyone wanted to speak to either of you.