Tuesday, June 2, 2020

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 lockdown 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

Revenue rise and return to profit for Lutterworth cyber security solutions provider

Lutterworth-based cyber security solutions provider Intercede is looking forward to "a further year of progress" as newly released preliminary results for the year ended...

Hotel Brooklyn to open second hotel in Leicester

Hotel Brooklyn, a Bespoke Hotels brand, is set to open its second hotel in Leicester in summer 2022, following the launch of its Manchester...

Hundreds of jobs to be cut at Triumph Motorcycles

240 people are to be made redundant in the UK at Hinckley-headquartered Triumph Motorcycles, with global job cuts said to be at 400. The move...

Slow pandemic support sees businesses plan to scrap banking provider

41% of businesses are planning to change their banking provider due to the slow support that has been offered during the COVID-19 outbreak. This is...

XCellR8 founder joins Nottingham scientific research charity’s Board of Trustees 

Dr Carol Treasure, the Founder and CEO of specialist animal-free contract testing laboratory XCellR8, has joined the Board of Trustees of Fund for the...

Related news

Digital marketing agency appoints three new directors

Hallam, the Nottingham-based digital marketing agency, has appointed three new directors as part of its strategic restructure. Charlotte Tomlinson (Media Director), Matt Berry (Client Services...

Revenue rise and return to profit for Lutterworth cyber security solutions provider

Lutterworth-based cyber security solutions provider Intercede is looking forward to "a further year of progress" as newly released preliminary results for the year ended...

Hotel Brooklyn to open second hotel in Leicester

Hotel Brooklyn, a Bespoke Hotels brand, is set to open its second hotel in Leicester in summer 2022, following the launch of its Manchester...

Hundreds of jobs to be cut at Triumph Motorcycles

240 people are to be made redundant in the UK at Hinckley-headquartered Triumph Motorcycles, with global job cuts said to be at 400. The move...

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