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The Institute Of Export and International Trade presented its 2020 World Trade Summit at Bank House, Birmingham, on November 28th.
The event started with lively discussion over breakfast pastries with coffee, leading into the morning’s presentations from a variety of speakers including Russian delegates Boris Obolonets from the Chamber of Commerce of the Russian region of Stavropol and Sergei Averin of the Russo-British Chamber in London.
There was lively advice regarding trade with China, including the local laws that prevent misappropriation of foreign IP and trademarking, and the importance of having sound understanding of a country’s culture before attempting to trade with it.
Other presentations covered the sectors of banking and funding, which included evidence of how a President Trump Tweet could affect currency trading values, the import and export of pharmaceutical and heath care goods, and an insight into the IT engines and sale mechanisms behind Amazon’s goods pricing strategies and methods.
After lunch the afternoon was given over to the IoE&IT finalists of the Open to Export Action Plan competition, entrepreneurs beginning their export journey. The winner, the BShirt Clothing Company, bagged the £3,000 prize, with Honey Corn Cosmetics in second place.
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