Thursday 13 May 2021 4:44 pm Evening Read: The City is the global gateway for financial flows post-Brexit, says Africa s rising finance star
Square Mile and Cape Town-based Cheryl Buss, CEO of Absa International
With the focus of Brexit being on the relationship between the UK and EU, some in the City and beyond argue that not enough attention is given to the international impact of Brexit, specifically on Africa.
With the removal of European market caps, there has been an increase in trade between the UK and Africa, with Kenya’s trade agreement allowing specific UK goods to be imported tax-free, and the removal of the cap on fresh produce imports from South Africa.
Stamping Made in UK on products could boost exports by £3.5bn
Panamax ship, reaching Colon to pass the Canal, Atlantic Ocean,Panama Canal, Panama, Central America, Latin America.
In a boost for Brexit Britain, a global survey of consumers showed marketing UK exports as ‘Made in Britain’, could grow export receipts by £3.5bn.
With further trade deals on the horizon, British exporters have the opportunity to add value to their businesses, through boosting exports to nations where British products are desirable, according to a research by Barclays Corporate Banking.
In a global survey of 10,000 people respondents were asked how much extra they’d be willing to pay if products such as food and drink, clothing and cars bore a Union Jack kite mark.
Pride of Britain: Stamping 'Made in UK' on cheese, lamb, booze and cars could boost exports by £3.5bn The post Stamping 'Made in UK' on products boosts exports by £3.5bn appeared first on CityAM.
UK-Kenya trade deal ratified overnight despite ongoing legal challenge
Nairobi (Getty Images)
In a surprise twist, Kenyan MPs ratified late on Tuesday evening the Kenya-UK trade agreement, paving the way for a duty-free trade economic framework between the UK and the East African country. The outcome of the vote was only made public yesterday.
Adan Haji, chairman of the Kenyan parliament’s trade committee, reputedly managed to persuade a majority of Kenyan MPs not to block the trade pact, despite fierce opposition from a range of influential parliamentarians in recent weeks.
A press officer at the UK Department for International Trade confirmed to