Thursday, January 21, 2021

Create framework to help small firms trade internationally, WTO is urged

The World Trade organisation must create an international trading system fit for small firms in order to help them achieve their international trade ambitions.

That’s the call in a new report launched by the Federation of Small Businesses at the WTO’s Public Forum in Geneva.

‘Trading Forward: A Small Business Plan for the World Trade Organisation’ focusses on the best ways to deliver and ensure that international trade and trade policy works for the smallest businesses.

FSB National Chairman Mike Cherry said: “The global trading system is currently in the midst of an unprecedented period of uncertainty caused by increasing levels of protection, the introduction of non-tariff barriers as well as continuing global uncertainty.”

“All of this provides the perfect storm which could negatively impact small firms not only in the UK but across the globe. This is the moment for national governments and for bodies such as the WTO to return to an open and free trading environment that works for all, including micro, small and medium enterprises.”

“Small firms are telling us that they face a number of barriers to trade – ranging from poor access to information, lack of export support, difficulties obtaining critical finance, and issues with customs. If small firms are to flourish on the global stage then we must ensure that these areas are tackled.

“We’ll be calling on WTO members to put small firms at the centre of their work by addressing barriers to participation, designing policy in a way that works for small firms, and working together to ensure small firms have the right tools to succeed.”

“If the recommendations made in this Small Business Plan are successfully implemented then we can work towards creating a trading system that helps small firms seize the opportunities presented by trade and helps ensure that the desire to trade globally becomes a natural part of a typical lifecycle of a business.”

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemic having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £33.60 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.






Latest news

Team17 acquires rights and assets for golf video game in £12m deal

Team17, the games entertainment label, creative partner and developer of indie video games, has acquired all rights and assets for Golf With Your Friends (GWYF),...

Stone specialist wins major university contract

Natural stone specialist Stamford Stone has won a major contract which will see it supplying it’s Clipsham limestone as part of a multi-million pound...

Bombardier to expand manufacturing capacity in Derby following Egyptian deal

Bombardier Transportation is investing in its manufacturing capacity in Derby to build two new monorails, as part of a deal with the Egyptian Government,...

2021 Business Predictions: Matt Wheatcroft, Managing Director of Purpose Media

Back in 2019, when we began publishing our series of reader predictions for 2020 there wasn’t any hint of a global pandemic. As we...

Revenues rise at CloudCall despite 2020 being “undoubtedly a year of two halves”

Revenues have risen at CloudCall, according to a trading update for the year ended 31 December 2020. The Leicester-based integrated communications company is expecting to achieve...

Related news

New chief financial officer for Peppermint Technology

Legal software vendor, Peppermint Technology, based in Nottingham, has strengthened its executive team with the appointment of Niki Redwood as chief financial officer (CFO). In her...

Team17 acquires rights and assets for golf video game in £12m deal

Team17, the games entertainment label, creative partner and developer of indie video games, has acquired all rights and assets for Golf With Your Friends (GWYF),...

Stone specialist wins major university contract

Natural stone specialist Stamford Stone has won a major contract which will see it supplying it’s Clipsham limestone as part of a multi-million pound...

Bombardier to expand manufacturing capacity in Derby following Egyptian deal

Bombardier Transportation is investing in its manufacturing capacity in Derby to build two new monorails, as part of a deal with the Egyptian Government,...

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close