Category: Exporters
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UK exporters face £27bn Brexit hit as smaller firms bear the brunt
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Small UK exporters have been hit hard by new post-Brexit barriers, contributing to a £27bn shortfall in goods sales to the EU since Britain left the bloc’s single market and customs union. Research by the Center for Economic Performance at the London School of Economics reveals that Brexit led to…
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Fresh produce exporters hit as airlines withdraw freight services
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Horticulturists and fresh produce exporters in Kenya are facing losses at the start of the peak season, after several international airlines withdrew their cargo services at the main Jomo Kenyatta International Airport, citing lower returns compared to other routes. The dire situation facing farmers and exporters has been exacerbated by…
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Strong Thai baht hitting exporters and tourism, says central bank By Reuters
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BANGKOK (Reuters) – The rapid rise in the value of the Thai baht is affecting exporters and tourist spending, the Thai central bank said on Monday, adding that the currency was rising due to a weak dollar against strong regional currencies such as the yuan and yen. The baht hit…
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Britain’s exporters lack expertise, survey reveals
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UK exporters appear to be increasingly ill-prepared to take advantage of international opportunities, according to the latest annual research commissioned by the Department for Business and Trade. The survey of 3,000 businesses with revenues of more than £500,000 found that just 18% considered themselves export experts last year, down from…
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Why more Kenyan horticulture exporters are shifting to sea freight
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Kenyan horticultural exporters are increasingly having to transport their produce by sea rather than air, as consumers and retailers in the EU market increasingly seek products with lower carbon emissions. Stakeholders in Kenya’s horticulture sector now say the growing number of environmentally conscious consumers in Europe, coupled with competition from…
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Israeli exporters warned on South Africa
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Ten timesToday, the Israel Foreign Trade Risk Insurance Corporation published a warning to exporters selling Israeli products to South Africa in light of the upcoming elections in that country. The company says, “The upcoming elections in the country at the end of this month would harm trade relations between the…