THE BUSINESS OF INTERNATIONAL TRADE
The Department for International Trade (DIT) have announced the launch of a new Trade Hub to support Scottish businesses develop their international reach. The new Hub is to be located in Edinburgh, at Queen Elizabeth House.
Part of the Hub's responsibilities will be supporting businesses in Scotland in recovering from the coronavirus pandemic, whilst through the Trade Hub, Scottish businesses will also be able to access other UK Trade services on a global scale. As well as announcing the launch, DIT also confirmed that UK Export Finance (UKEF) has appointed its first renewables-focused export finance manager in Scotland, with Alistair McMillan taking on the role.
Discussing the launch, UK Minister for Exports, Graham Stuart MP, said that "this specialist Hub for Scotland will provide businesses with the support and guidance needed to boost their profits and harness their full potential ... Trade is crucial to the UK’s recovery from coronavirus and will be the foundation of our relationships across the globe after the transition period ends this year. I want to ensure that businesses in Scotland benefit from our new trade deals with the world’s biggest markets, as we remove barriers that they previously faced."
David Duguid, the UK Government Minister for Scotland, urged Scottish businesses to "work with the Trade Hub to expand their export business, especially Scotland’s famous food and drink sector. This is a real boost for Scottish produce."
For more details on the new Trade Hub, go to www.gov.uk/government/news/uk-government-trade-hub-launched-to-support-scottish-businesses
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