For UK businesses keen on expanding globally, the Department for Business and Trade’s (DBT) International Trade Week 2024 provides a unique gateway.
Running from Monday, 11th November, to Friday, 15th November, and sponsored by Santander UK, the week is packed with free events, workshops, and webinars. It’s designed to help companies connect with global markets, hone their export skills, and build a robust international network.
What to Expect at International Trade Week 2024
Held for the fourth consecutive year, International Trade Week brings together resources, experts, and opportunities to ease the export journey for UK companies. Events are tailored to businesses of all sizes and sectors, from those venturing into exports for the first time to seasoned traders expanding their global footprint.
Attendees will find:
- Workshops and Panels: Covering a wide range of markets from Europe to Asia, these sessions address practical steps to enter new markets.
- Expert-Led Webinars: Offering insights on strategy, pricing, and leveraging AI in marketing and sales for international growth.
- Networking Opportunities: Access to industry experts and Export Champions who share firsthand experiences of successful exporting.
Santander UK’s support underscores the week’s emphasis on helping UK businesses thrive globally despite ongoing economic challenges.
New Digital Tools for Exporting Success
To support exporting businesses, DBT is introducing cutting-edge resources during International Trade Week, aimed at simplifying the export process for UK companies.
Export Support Directory
This newly launched online directory connects UK businesses with verified commercial suppliers in over 190 markets. By accessing this resource, companies can find local partners, suppliers, and service providers, making it easier to establish a presence abroad.
Personalized Guidance on great.gov.uk
The DBT website now offers a tailored experience, presenting businesses with curated information based on their specific products, markets, and sectors of interest. This targeted approach is intended to streamline the process for companies exploring international markets, providing them with essential guidance right at their fingertips.
Insights from the 2024 Trade Barometer
Released to coincide with International Trade Week, the Santander Trade Barometer highlights increased optimism among UK businesses regarding international trade. According to the report:
- 36% of UK businesses now feel “very confident” about trading internationally, a notable increase from last year’s 22%.
- 52% of companies view international trade as vital to their growth, especially in today’s unpredictable economy.
John Baldwin, CEO of Santander Corporate and Commercial Banking, explains,
“Initiatives like International Trade Week are vital for enabling UK businesses to expand into overseas markets. With support from both the government and the private sector, UK companies have more opportunities than ever to compete globally.”
2024 Trade Barometer Highlights |
Percentage of UK Companies |
|---|---|
| Feel “very confident” in global trade | 36% |
| View trade as critical to growth | 52% |
| Expected increase in EU market revenue | 25% or more |
This optimism aligns with DBT’s goal of enhancing trade accessibility, positioning UK businesses for a resilient future in the global marketplace.
Main Events to Attend
Several notable sessions stand out within this year’s ITW lineup, addressing a range of topics and markets:
- Exporting to Europe: Gain insight into consumer expectations and trends in top European markets, especially Germany and France.
- Growth Opportunities in India: Practical advice for establishing a foothold in this fast-growing economy.
- AI in Marketing and Sales: Learn how artificial intelligence can drive international customer engagement and brand presence.
- US Retail Opportunities: Discover untapped potential for British businesses across the Atlantic.
For businesses interested in expanding their reach to the Middle East, workshops will explore consumer behavior in Saudi Arabia and the UAE. These sessions reflect DBT’s commitment to providing UK companies with a roadmap to global success.
Support and Resources Beyond ITW
In addition to the events during International Trade Week, DBT provides continuous resources, such as the UK Export Academy. The Academy’s free webinar series focuses on building skills that help UK businesses navigate complex export processes with confidence.
Minister for Exports Gareth Thomas sums up the aim of ITW:
“Opportunities exist around the world for UK businesses. Whether taking first steps into exporting or enhancing existing trade networks, International Trade Week offers crucial support to drive UK growth and reduce barriers to entry in global markets.”
Why Attend International Trade Week 2024?
International Trade Week provides a chance for UK companies to step confidently into the world of global trade with guidance from experts and firsthand insights from seasoned exporters. As many UK businesses now recognize the growing importance of international trade, ITW 2024 serves as an ideal starting point.
With a range of free resources and hands-on events, it’s a significant opportunity for UK businesses ready to expand and succeed on the global stage.
To join, companies can register on DBT’s website, gaining access to a full lineup of events designed to unlock international potential.
Sources: THX News, Department for Business and Trade & Gareth Thomas MP.
