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- 68 pages
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Planning for Export after the Pandemic
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About This Book
While the COVID-19 pandemic has brought the global economy to a standstill and a deep recession is more than likely, businesses in the UK will nevertheless need to be sure they are ready for exporting in a post-Brexit trade environment once the crisis is over. This downloaded text and reports provide advice on key strategic priorities, documentation, practices and regulations, as well as crucial trade data on key countries.
For a more in-depth and comprehensive guide to global trade – including practical insight into areas such as patents, R&D, public funding and trademarks – readers may wish to purchase the more extensive companion publication, Global Innovation.
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Yes, you can access Planning for Export after the Pandemic by Jonathan Reuvid in PDF and/or ePUB format, as well as other popular books in Business & International Business. We have over one million books available in our catalogue for you to explore.
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5
1
SURVEYING THE SCENE
As of April 2020, there is no certainty when the current coronavirus
pandemic will end, nor of how deep the global recession into which we
are plunged will be. For exporters and those planning to export there
are three key questions:
1. When markets revive and export conditions approach normal,
what distortions to the balance of trade will there be.
2. Will the changes be permanent or will trade revert to its 2019
pattern.
3. For UK exporters and importers what will happen to the process
of post-Brexit negotiations.
That there will be short-term effects on the relative and absolute
values of import demand and export capability for the product
groups of individual economies is certain. Established suppliers and
customers will be affected, some permanently where supply chains and
manufacturing locations are adjusted or downgraded.
Whether or not there will be long-term changes in the balance of
international trade between Europe, America, China and other Asian
economies and regions is doubtful. The major shift in the tectonic
plates of the global economy generated from the 1980s by the rise
of China as an economic powerhouse and accelerated through the
following decades by the emergence of other Asian tigers is unlikely to
be reversed. Indeed, the resilience of these newer markets may well be
stronger than that of their European and North American competitors.
As to the trade discussions with the EU, timing constraints suggest
that it will prove impossible to strike a meaningful agreement by the
end of June when the UK government is required to declare whether
Introduction
6
or not it wishes to continue the negotiations. They are not a hot topic
in the media for the time-being and it would seem logical that, like the
Tokyo Olympics, the cut-off date of January 2021 could be extended.
However, it is possible that the timetable will remain intact and that
the UK will be trading with the EU on WTO terms from the New Year
onwards. For those who are uncertain what that would mean Chapter
3 summarises WTO rules and how they are operated.1
1 Readers wishing to prepare themselves as exporters and the role of
innovation in penetrating new markets are referred to Global Innovation
to published by University of Buckingham Press in April 2020 (Print
ISBN 9781787198609).
7
2
PRIORITY MARKETS – RESEARCH
AND STRATEGY
FOCUS FOR UK EXPORTERS
In the absence of a hard Brexit the ultimate tariff terms that will
apply to trade between the UK and the EU, as with other countries or
customs unions further afield, should not be the de...
Table of contents
- Cover
- Title
- Copyright
- Contents
- 1 Surveying the Scene
- 2 Priority Markets – Research and Strategy
- 3 WTO Rules and UK Trade Post-Brexit
- Appendix