Overcoming barriers to international trade with BusinessRiskTV.com
UK Barriers To Trade
There are several barriers to international trade that the UK may face. Here are some of the most significant ones:
Tariffs: A tariff is a tax imposed by a government on imported goods. Tariffs increase the price of imported goods, making them less competitive than domestic products. In some cases, tariffs are used as a way to protect domestic industries from foreign competition.
Non-tariff barriers: Non-tariff barriers include various regulations, standards, and administrative procedures that can make it difficult for foreign companies to compete in the UK market. Examples include product labeling requirements, import licenses, and restrictions on foreign investment.
Intellectual property protection: Different countries have different laws regarding intellectual property protection, such as patents, trademarks, and copyrights. The lack of uniformity in these laws can create barriers to trade, particularly for small businesses.
Language and cultural differences: Language and cultural differences can create communication barriers and make it difficult for companies to understand local business practices.
Infrastructure: Poor infrastructure can make it difficult for companies to import and export goods. For example, inadequate transportation systems can increase the cost of shipping goods, while outdated communication systems can make it difficult to communicate with suppliers and customers.
Political instability: Political instability, such as civil unrest or regime change, can disrupt trade and make it difficult for companies to do business in a particular country.
Exchange rates: Exchange rates can have a significant impact on trade, as they affect the price of imported and exported goods. A strong UK pound can make imports cheaper, but it can also make UK exports more expensive, reducing their competitiveness in international markets.
UK business leaders overconfident in their future business prospects?
Are UK Business Leaders Mad Political or Missing Key Economic Data?
Recent optimism in the UK business community has raised eyebrows across the Atlantic, where economic headwinds are causing significant concern. The Lloyds Bank Business Barometer jumped by eight points to 50% in May, its highest since November 2015. This stark contrast begs the question: are UK business leaders simply more optimistic, or are they missing crucial economic data that is readily apparent in the US?
Reasons for UK Business Optimism:
Stronger-than-expected May data: The Lloyds Bank Business Barometer suggests a significant uptick in business confidence, with optimism in manufacturing, construction, and services sectors.
Government support: The UK government has implemented various measures to support businesses during the pandemic and the ongoing cost-of-living crisis. These include tax breaks, grants, and energy price caps.
However, concerns remain:
High debt levels: Both the UK and the US have accumulated significant national debt in recent years. This debt burden could limit the government’s ability to respond to future economic shocks.
Stagflation risk: The combination of rising inflation and slowing economic growth (stagflation) is a major concern for both economies. This could lead to further business uncertainty and investment delays.
Rising unemployment: Both the UK and the US are experiencing rising unemployment, which could dampen consumer spending and reduce further impact business growth.
Missing the US Picture?
While the UK business community seems to be experiencing a surge in optimism, the economic situation in the US paints a different picture. This suggests that UK business leaders may be overlooking some of the broader economic trends impacting both economies.
Conclusion:
The recent optimism of UK business leaders is a welcome sign, but it’s crucial to consider the broader economic context and potential risks. While the UK may be experiencing a temporary upswing, the challenges of high debt, stagflation, and rising unemployment remain significant. It’s important for both UK and US businesses to stay informed about the global economic situation and adjust their strategies accordingly.
Let’s discuss this further. What are your thoughts on the current economic situation in UK and the contrasting business sentiment between the UK and the US?
Short term ramifications are increased shipping costs, increased inflation risk and higher for longer interest rates. Medium to long term – World War 3!
A Spark in the Tinderbox: US-UK Strikes on Yemen Houthis and the Tangled Web of Global Risks
The recent US-UK airstrikes on Houthi rebel positions in Yemen have sent shockwaves through an already volatile region, igniting concerns about a wider escalation and its potential global ripple effects. While the immediate focus remains on the humanitarian crisis in Yemen and the uncertain trajectory of the conflict, the strike exposes deeper, interconnected threads: Iranian influence, Middle Eastern tensions, and a globalised economy precariously balanced on the edge. Exploring these connections reveals not only the potential for a cascading catastrophe like World War 3, but also the more tangible short-term risks of soaring inflation, disrupted supply chains, and a prolonged era of higher interest rates.
Fueling the Flames: Iran, Proxy Wars, and a Regional Tinderbox
The roots of the Yemeni conflict run deep, fuelled by a complex web of political grievances, sectarian divides, and external intervention. The Houthis, a minority Zaydi Shia group, rose to prominence in the late 2000s, clashing with the Sunni-dominated government and culminating in a full-blown civil war in 2014. Saudi Arabia, a regional heavyweight and Sunni power, intervened militarily in 2015, leading a coalition of mostly Arab states in support of the Yemeni government. The conflict has become a regional proxy war, with Iran backing the Houthis and seeking to counter Saudi influence in the region.
The US-UK strikes come against this backdrop of escalating tensions. Houthi rebels have stepped up attacks on commercial shipping in the Red Sea since the start of the Israel-Hamas conflict in October, targeting vessels in what they claim are retaliatory strikes against Israeli and Saudi Arabia. These attacks disrupt a vital global trade route, pushing up shipping costs and threatening fuel and other essential goods supplies.
The Iran Card: Global Calculus and the Escalation Ladder
Iran’s support for the Houthis casts a long shadow over the conflict. The US and its allies view Iran’s regional ambitions with deep suspicion, fearing attempts to destabilise the Middle East and challenge their interests. Any escalation in Yemen could draw Iran directly into the conflict, potentially triggering a wider regional war with devastating consequences. This fear factor plays a central role in the global calculus surrounding the airstrikes. While the US and UK maintain they aim to deter further attacks on shipping and protect commercial interests, their actions inadvertently risk stoking Iranian anger and pushing the region closer to a dangerous tipping point.
Beyond Borders: Tangled Threads and Unforeseen Consequences
The potential implications of a wider Yemen conflict extend far beyond the Middle East. Global energy markets remain under intense pressure, with rising oil prices fuelling inflationary pressures in major economies. Disruptions to Red Sea shipping could worsen these trends, further increasing energy and transportation costs and putting additional strain on already overstretched supply chains. The combination of higher inflation and slower economic growth could prompt central banks to raise interest rates faster and longer than previously anticipated, leading to financial instability and potential market crashes.
Moreover, the conflict casts a shadow on Chinese and Russian interests in the region. China enjoys strong economic ties with Iran and has invested heavily in infrastructure projects in the Middle East. A regional war could disrupt these investments and jeopardise China’s energy security. Russia, another major player in the region, maintains close ties with both Iran and Saudi Arabia, and a wider conflict could force it to navigate a delicate diplomatic tightrope.
World War 3: A Looming Specter or a Fear Mongering Fallacy?
The possibility of a World War 3 scenario triggered by the Yemen conflict might seem remote. However, it is crucial to understand the interconnectedness of the global system and how seemingly localised conflicts can quickly spiral outwards. Miscalculations, unintended consequences, and escalating proxy wars can create unpredictable chain reactions, dragging in major powers and unleashing devastating consequences. While the likelihood of a full-blown World War 3 may be low, the risk of a wider regional conflict that spills over into global economic and political turmoil remains a very real and concerning possibility.
A Call for De-escalation and Collaborative Solutions
The urgency of the situation demands a renewed emphasis on diplomatic efforts and de-escalation strategies. All parties involved in the Yemen conflict, including the Houthis, the Saudi-led coalition, Iran, and the international community, must come together to find a peaceful resolution. This will require compromise, dialogue, and a willingness to address the root causes of the conflict, including poverty, inequality, and the legitimate grievances of Yemen’s population.
Ignoring these realities and resorting to further military action will only lead to more death, destruction, and hardship for the Yemeni people. It will also heighten regional tensions, jeopardise global economic stability, and increase the risk of a disastrous escalation. The world cannot afford to stand idly by as Yemen becomes another tragic chapter in the long history of human conflict. We must collectively strive for a peaceful resolution that prioritises the suffering Yemeni people, protects vital trade routes, and prevents the devastating domino effect that could drag us all into a wider conflict. The stakes are high, and the time for action is now. Only through concerted diplomatic efforts, a collective commitment to de-escalation, and a genuine focus on addressing the underlying grievances can we extinguish the flames of war in Yemen and prevent them from engulfing the rest of the world.
Beyond the immediate need for de-escalation, the Yemen conflict offers an opportunity for reflection. It highlights the interconnectedness of our world, the fragility of global trade and security, and the urgent need for collaborative solutions to complex challenges. It is a stark reminder that conflicts, no matter how localised, can have far-reaching consequences, impacting economies, lives, and the very fabric of international order.
Investing in conflict prevention, promoting dialogue and understanding, and tackling the root causes of instability are critical steps towards a more peaceful and secure future. The lessons learned from Yemen must serve as a catalyst for proactive diplomacy, responsible global citizenship, and a renewed commitment to building a world where dialogue prevails over violence, and cooperation triumphs over division.
Currencies compete against each other and their value may not reflect their true worth!
The Sterling Saviour: Why America’s Woes, Not Britain’s Brawn, Bolster the Pound
Across the pond, a curious spectacle unfolds. The British pound, battered and bruised for years, has suddenly found favour, flexing its muscles against the mighty dollar in December 2023. While headlines trumpet a resurgent Britain, let’s hold the Union Jack confetti for a moment. This newfound strength has less to do with Britannia’s biceps and more to do with Uncle Sam’s wobbly ankles.
UK business leaders and consumers need to peek beyond the celebratory bunting and understand the true story behind the pound’s ascent. It’s not solely a tale of British brilliance, but rather a reflection of America’s deepening economic and political quagmire.
Debt Avalanche: When Uncle Sam Gets Buried Under Bills
America’s national debt has ballooned to astronomical heights, surpassing a staggering $30 trillion. This mountain of red ink, fueled by years of government overspending and tax cuts for the wealthy, casts a long shadow over the US economy. It cripples the government’s ability to invest in crucial infrastructure and social programs, while simultaneously saddling future generations with a crushing burden.
This debt tsunami isn’t limited to Uncle Sam’s coffers. American consumers are drowning in their own ocean of debt, with student loans, mortgages, and credit card balances reaching record levels. This mountain of personal debt hampers economic growth, as consumers tighten their belts and reduce spending.
The Fragile Colossus: Cracks in the American Banking System
These anxieties spill over into the global financial system, impacting the dollar’s perceived safe-haven status. Investors, spooked by American financial fragilities, seek refuge in alternative currencies, including the pound.
Political Pendulum: When Washington Becomes a Wobbling Circus
American politics have become a spectacle of division and dysfunction. Hyper-partisanship and gridlock in Washington make it nearly impossible to address pressing issues like inflation, healthcare, and climate change. This political uncertainty breeds economic anxiety, further weakening the dollar’s allure.
In contrast, the UK, despite its own political challenges, appears relatively stable. Brexit anxieties have subsided, and a new Prime Minister offers a semblance of direction. This perceived stability, compared to the American political rollercoaster, makes the pound a more attractive proposition for some investors.
Britannia’s Balancing Act: Not All Roses and Tea
Let’s not paint a rosy picture for the UK either. Britain grapples with its own set of economic woes, including rising inflation, a labour shortage, and dependence on volatile global markets. The war in Ukraine and ongoing supply chain disruptions further complicate the picture.
The Bank of England’s recent interest rate hikes, aimed at curbing inflation, could also dampen economic growth. A potential recession on the horizon would undoubtedly weaken the pound.
Navigating the Currency Crossroads: Cautious Optimism for UK Businesses and Consumers
So, where does this leave UK businesses and consumers? The pound’s recent strength offers a welcome respite, but it’s not a magic bullet. Businesses should exercise caution when making currency-dependent decisions, hedging against potential fluctuations. Diversifying markets and currencies can mitigate risk and ensure long-term stability.
For consumers, the stronger pound could translate to slightly cheaper imported goods and travel. However, inflationary pressures may offset these gains. Responsible budgeting and financial planning remain crucial, regardless of the pound’s performance.
In conclusion, the pound’s December surge is less a testament to British might and more a symptom of American malaise. A confluence of debt, financial fragility, and political uncertainty across the Atlantic has pushed investors towards the perceived relative stability of the UK. However, it’s vital to remember that Britain’s own economic challenges loom large.
For UK businesses and consumers, the message is clear: embrace cautious optimism. Enjoy the currency tailwind while it lasts, but prepare for potential choppy waters ahead. Focus on building resilience, diversifying risk, and making sound financial decisions, lest the tide turn once again. Remember, currency markets are a fickle beast, and the sun rarely shines eternally on any single shore.
Sign up for our introduction to international trade risk analysis assessment and management with help of BusinessRiskTV and its risk expert network
Risk Management Toolbox Talk Exploring Barriers To And Opportunities From International Trade
What could cause the opening or closing international trade marketplace? The closing or opening of international trade to your business is perhaps at a recent high level of uncertainty. What elements of international trade threaten your business? What events could open up new opportunities to your business? How do you manage the risks better? Mitigate the threats impacting on your business success. Enhance the beneficial outcomes for your business of international trade.
Online workshop is an introduction to BusinessRiskTV online risk management service to help business leaders make key business decisions to manage threats and opportunities better.
The opening or closing of international marketplace to all who wish to participate is a moving feast. Changes in threats and opportunities can arise based on sudden economic, geopolitical and technology risks in particular.
Managing risks from international trade may be limited to mitigating threats, or harnessing and enhancing the benefits from international trade. It may be impossible to influence whether risk events occur or not. However, exploring the threats and opportunities may be critical to your business success.
Being the first mover may be just as important. The first businesses to act tend to carry the greatest risks and rewards. If you are to act first you may need help from risk experts to improve your business intelligence and international trade risk knowledge.
Benefits include:
Limiting losses
Maximising sales profit
Grow faster with less uncertainty
Opening the enterprise risk management process of identifying analysing and assessing to international trade risks. Working on overcoming international trade barriers. Exploring a risk profile of a company and international trade risks. Developing an enterprise risk management implementation road map to stronger business resilience and expansion. Starting to understand how to overcome trade barriers including supply chain risk management. Identifying solutions to international trade problems. Opening the door to further risk workshops with an introduction to international trade risk awareness training and enterprise-wide risk management solutions.
Pay below via Paypal to secure your place on our online risk management workshop.
Who should attend?
Business leaders, business owners, executives and senior managers as well as risk professionals.
How to attend online risk management toolbox talk on
Title:
Uncertainty of international trade expanding or contracting
In this this essential risk management toolbox talk we will cover the key international trade risks potentially impacting on your business including:
Geopolitical Risks
Global Economy Risks
Technology Risks
Save the date for an insight into international trade risk management
Pay fee online via secure third party payment service Paypal who do not inform us of your full account details. We will email you the Zoom video conferencing joining instructions no later than 24 hours before the workshop begins.
As a special offer you will be able to redeem your non-member payment of £20 against your first year’s subscription fee for BusinessRiskTV Pro Risk Manager for 12 months. Membership of BusinessRiskTV opens up Pro Risk Manager service benefits include huge discounts off products and services such as further training, online business coaching and advertising costs. BusinessRiskTV membership provides opportunity to continue corporate risk analysis, assessment and management business intelligence as well as option to collaborate with global risk management experts to improve your ability to manage your business better.
Post introductory online risk management toolbox talk on 15th January 2021, members and non-members of BusinessRiskTV will also be given opportunity to collaborate in future online advanced workshop sessions. These sessions will further explore how business leaders around the world can collaborate specifically on overcoming barriers to international trade, both theory and practice. These advanced workshops sessions will aim to increase international trade by participants. Workshop participants will share expert knowledge and practical business development tools. The introductory online fee will be used to reduce the cost of more advanced sessions by participants.
Participants at introductory online risk management toolbox talk can also put themselves forward as international trade risk experts at future more advanced online workshop events to share your expert knowledge and promote their business interests. Get in touch with us if this is you.
Better manage the risks of selling internationally
Buying and selling online more easily with BusinessRiskTV.com
Enterprise buy sell trade services with BusinessRiskTV. Buy sell trade online quicker and cheaper. Enterprise buy sell and trade service is tailored to your needs. Online buy sell trade is more cost effective than bricks and mortar businesses. Local buy sell trade is facilitated via our bespoke online marketing services. Do you want to buy sell and trade online with BusinessRiskTV and our sister websites?
Create side business or grow the online sales for your existing business with BusinessRiskTV. Buy sell and trade locally online and globally. Focus your search for best buys and best places to sell geographically by industry or specific product or service type.
Find out more. Complete and submit the form below and enter code #buyselltrade.
Marketplace buy and sell local goods online
Boost local business and commerce online with BusinessRiskTV online marketplace for buying and selling. Put your products and services in front of buyers interested in your business offering.
Find out how to promote your business locally and globally’ CLICK HERE or email [email protected]
Link into your existing sales process or use our eCommerce solutions. Increase your revenue streams more profitably. Grow your business faster.
Local buy and sell online
Read articles and watch videostream trending on BusinessRiskTV.
Subscribe to UK Online for free for UK business and economy news views and reviews bulletins
Keep up to date with business risk management. Free news alerts and bulletins to your email inbox.
Promote and market your business on BusinessRiskTV for 12 months
Find out how to promote your business locally and globally
Recommended UK business and economy articles and videos
What are business and economy bloggers saying today? What do you need to know today? Get help to manage your business better. Improve business performance.
BusinessRiskTV Top Business News
Pick up tips advice and support to make better business decisions. Network with business leaders to overcome barriers to business quicker and cheaper. Do not reinvent the wheel!
Solutions to trade barriers with BusinessRiskTV.com
Solutions to problems of international trade. International trade barrier risk management solution with BusinessRiskTV. Overcoming trade barriers is not straightforward. Find out how to grow your business overseas. Increase the opportunities to grow your business faster. Save money and time growing your business with less uncertainty with BusinessRiskTV.
BusinessRiskTV How To Overcome International Trade Barriers Live Online
Our International Trade newsletter will alert you to the latest developments on BusinessRiskTV via our international trade sponsors
Our international trade sponsors provide more information on their products or services in online international trade newsletter. Showcasing their business here online gives them a better chance of connecting with you online whether your in UK or the other side of the world.
Businesses in UK now realise more than ever the need to increase online presence. Find out what the best businesses in UK are offering you on BusinessRiskTV today. Browse by scrolling down or sign up for free to our international trade newsletter.
Read articles and view videos on international trade latest news headlines opinions deals and reviews
Read about latest international trade developments. Improve your business development for less. Shop internationally better online. Protect and grow your business faster with BusinessRiskTV.
Overcome challenges of international trade with BusinessRiskTV
Understanding international trade barriers helps economic growth. Both local and international trading boosts business resilience and expansion.
How To Advertise Internationally To Help Overcome Barriers To Trade
An international sales strategy with BusinessRiskTV will help you cost effectively diversify your income streams more profitably. We will increase opportunities to sell internationally online. Our eCommerce solutions will help protect your business boost cash flow and make selling more online easier.
How To Do More Business and Increase International Sales With BusinessRiskTV?
Work with us to produce high impact online content to reach more overseas customers. Get support from thousands of business leaders around the world who can provide risk insight and tips to sell more in their country. Reciprocate by helping other business leaders to sell in your country.
Reach more new customers who did not know your business existed. How can you sell to new customers who know nothing about your business offering? Showcase why they should buy from you and not your competitors. Diversify your income streams to build your business resilience to global economic fluctuations.
Subscribe to BusinessRiskTV to overcome international trade barriers with free alerts bulletins and reviews to your inbox
Do not let online retailers access your customer sales
People with limited budget will still buy from your business if they find your business products or services at the right time. We help consumers find your products and services online.
Promote and market your business by sponsoring How To Overcome Trade Barriers In International Trade
Find out how to promote your business locally and globally. CLICK HERE or email [email protected] entering code #InternationalMarketing
A key barrier to international market entry is that potential buyers do not know your business exists. Present your products or services in front of potential buyers more cost effectively.
Link into your existing sales process direct from BusinessRiskTV or use our eCommerce solutions to grow your business faster.
Increase your revenue streams more profitably. Diversify and grow your business faster internationally.
International Trade Directory
Want to list your business in our International Trade Directory?
Are you running any deals discounts or special offers you want more people to know about?
Could you write an advertorial to advertise your business and inform our readers?
Reach more new customers with BusinessRiskTV.
Click on Register Now or email [email protected] entering code #InternationalTradeDirectory
Strategies To Overcome International Trade Barriers
Join our online forum exploring solutions to international trade problems. Develop access to overseas marketplaces. Develop a new strategy to access new incomes streams. Diversify your income streams and build business resilience.
Free subscription enables us to alert you to upcoming online forum events exploring solutions to international trade problems
Click on Subscribe or email [email protected] entering code #SolutionsToInternationalTradeProblems in Subject box to receive free alerts to upcoming online forums
Overcoming Trade Barriers
Do not know where to start to export more overseas? BusinessRiskTV can help you overcome barriers to more overseas trading.
Join the relevant working group for your business
Cooperate and work together to generate new revenues
Agree the best new business development strategy
Work with local and global business management experts to overcome all trading barriers. Combined risk knowledge will help you break into new markets. Grow your business faster and build business resilience.
We help you increase market access. Enhance capability to remove barriers to overseas trade. Learn how to overcome barriers to trade yourself.
Work together to negotiate who will do what and when.
Inadequate risk knowledge may be holding your business back.
Reduce the costs of exporting more overseas
Exporting more not only increase sales it increases business resilience
Connecting people with demand with people who can supply.
Subscribe to BusinessRiskTV.com for free enter code #OvercomingTradeBarriers
Maybe you you have your own best tips to increase trade?
Any questions on increasing your overseas trade? Join our online virtual discussions to increase international trade. We have a number of ideas in which you can increase the exposure of your products or services to increased sales opportunities around the world.
Join BusinessRiskTV for free today to discover upcoming online virtual discussions on increasing international trade. We present you with clear opportunities to market your business wider inexpensively. Find out how to place your business in the right place more often.
Join BusinessRiskTV for free today enter code #InternationalTradeDiscussions
