Export news in brief: Nigeria, Argentina, Brexit, EU, SMEs

Export news in brief
Export news in brief

Nigeria/UK investment and partnership forum

The Nigeria/UK Investment and partnership forum, which is supported by UK Trade & Investment, is being held today (6 May) in London and will give opportunity to discuss current outlook of the Nigeria economy. It will tackle the theme of promoting sustainable trade and investment for a green economy and aims to review current trends and partnership opportunities for investment.

A Nigerian visiting delegation lead by First Western Recycling will be engaging with UK companies to deliberate with potential investors interested in the opportunities in Nigeria.

UK Trade & Investment teams/Nigeria Trade Delegation will also engage Business to Business sessions from 4:15 -18:00hrs immediately after the forum.

UK strengthens trade ties with Argentina

Trade and Investment Minister, Lord Price, is leading the government’s first trade mission to Argentina in 10 years, as he looks to strengthen trade relations with Latin America’s third largest economy.

Keen to expand trade and investment with the region, Lord Price’s trip will see him visit Argentina today where he will also call for substantial progress on the EU-Mercosur free trade deal.

Lord Price said: “Argentina and Colombia are Latin America’s third and fourth largest economies respectively. If we are to improve our exports to Latin America, it’s vital that we not only build stronger trade ties with traditional trading partners like Colombia, but build on renewed relationships like that with Argentina.

“The growing economies of Latin America offer huge opportunity for British business and that’s why I want to see real progress on an EU-Mercosur free trade agreement.”

Survey suggests EU referendum could be a close run thing for SMEs

Around 46.1% of SMEs would prefer to leave the EU, according to a new survey. However, it must be noted that the sample size was only 400 businesses, which were surveyed by five independent chartered accountancy firms based across the country in Lincolnshire, Essex, Middlesex, London, Buckinghamshire, Lancashire and Yorkshire.

The study also found that around 13.7% of small businesses believed there was still not enough information about the upcoming referendum on Thursday 23 June 2016 to make a decision, while the remaining 40.1% said they would like the UK to remain in the EU.

There was little geographic correlation between those wishing to remain and those wishing to leave. This was evident in two of the practices in the neighbouring counties of Lancashire and Yorkshire who recorded completely different results.