Blog Category: News

The UK has joined the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) last week in the largest trade deal since Brexit. The UK is the first European nation to join the trade bloc. Negotiations began in June 2021. The 11 members agreed in a meeting in Vietnam on the UK’s accession earlier this month. The UK has existing trade deals with all member nations except Malaysia. The Government’s economic impact assessment estimates the deal is worth a 0.08% boost to UK GDP.

Glasgow-Paignton-Bristol From Monday 22nd – Friday 26th May 2023, Trade Horizons is hosting a business delegation of German Photonics SMEs. The project is part of the German Federal Ministry for Economic Affairs and Climate Action (BMWK) Market Development Program for SMEs. The delegation will include 9 German SMEs in various subsectors of photonics: semiconductors, laser, fibres and sensors. The focus of the delegation is networking and meeting with British industry to develop relationships between UK companies, expand existing market activities. and learn more about the British photonics ecosystem.

The UK has joined the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) last week in the largest trade deal since Brexit. The UK is the first European nation to join the trade bloc. Negotiations began in June 2021. The 11 members agreed in a meeting in Vietnam on the UK’s accession earlier this month. The UK has existing trade deals with all member nations except Malaysia. The Government’s economic impact assessment estimates the deal is worth a 0.08% boost to UK GDP.

Dubai has implemented new family office rules which remove the current reporting requirements on identification of ancestor, source of wealth and amount of equity.The EU and Thailand have resumed free trade negotiations which were halted in 2014 due to a military coup. As Europe seeks to expand its clean energy portfolio in areas such as electric vehicles, renewable energy and silicon chips. The EU has existing trade agreements with Singapore and Vietnam in South East Asia. They are aiming to conclude the talks with an agreement by 2025. In the United Arab Emirates 90% of businesses are family-owned which contribute 70% of GDP. Single family offices are no longer required to register with the Dubai Financial Services Authority under the UAE New Federal Law on Family Businesses.

Dubai has implemented new family office rules which remove the current reporting requirements on identification of ancestor, source of wealth and amount of equity.The EU and Thailand have resumed free trade negotiations which were halted in 2014 due to a military coup. As Europe seeks to expand its clean energy portfolio in areas such as electric vehicles, renewable energy and silicon chips. The EU has existing trade agreements with Singapore and Vietnam in South East Asia. They are aiming to conclude the talks with an agreement by 2025. In the United Arab Emirates 90% of businesses are family-owned which contribute 70% of GDP. Single family offices are no longer required to register with the Dubai Financial Services Authority under the UAE New Federal Law on Family Businesses.

Dubai has implemented new family office rules which remove the current reporting requirements on identification of ancestor, source of wealth and amount of equity. In the United Arab Emirates 90% of businesses are family-owned which contribute 70% of GDP. Single family offices are no longer required to register with the Dubai Financial Services Authority under the UAE New Federal Law on Family Businesses.

Dubai has implemented new family office rules which remove the current reporting requirements on identification of ancestor, source of wealth and amount of equity. In the United Arab Emirates 90% of businesses are family-owned which contribute 70% of GDP. Single family offices are no longer required to register with the Dubai Financial Services Authority under the UAE New Federal Law on Family Businesses.

The EU is set on a free trade deal with India to counter China and has set a target of end of 2023 to secure a deal. German Chancellor Olaf Scholz has rated the deal as one of his top priorities. The European Union has announced its intention to develop closer relations with the Indo-Pacific Region to counterbalance China’s influence in the region. India purchases most of its military hardware and oil from Russia and has not criticised Russia for the invasion instead calling for dialogue and diplomacy to end the war.

Neither the EU nor Japan have current trade deals with the US. US Treasury Secretary Janet Yellen recently announced that she would expect both those countries to have to negotiate new deals if they are to be considered for tax credits under the new Inflation Reduction Act (IRA). The new flagship legislation commits $369bn in tax credits and subsidies to boost clean energy projects however it is not without its limitations, or requirements of manufacturers.

It’s no surprise that the US is ranked top for startup companies in terms of ecosystems globally. Access to funding, expertise, knowhow and infrastructure makes famous the US and San Francisco in particular for excelling at growing young companies. The second most attractive destination for startups is the UK. The UK’s legal system, language, timezone and ease of doing business make it a great location for young companies to grow and prosper, especially those doing business internationally.