Yesterday evening, Sunil Mittal, Chairman of the International Chamber of Commerce (ICC), appeared on Sky News’ Ian King Live, discussing his concerns about the growing movement away from free trade. The interview came ahead of the ICC’s World Trade Agenda Day in London today.
To watch the full interview, please click here.
Last week, ICC UK’s Chris Southworth appeared on Ian King Live – Sky News, discussing the UK’s potential trade deals post-Brexit. Following the Prime Minister’s speech indicating that the UK will leave the Single Market, as well as developments at the World Economic Forum in Davos, Chris discusses the opportunities and complexities that UK exporters face operating outside of the Single Market.
To see the full clip of the interview, please click here.
In response to Theresa May’s speech at The World Economic Forum in Davos today – as well as her speech earlier this week outlining the Government’s exit strategy – ICC UK’s Chris Southworth has been cited in The Telegraph’s Live Davos feed. Chris comments on the practical aspects regarding the UK’s vision for free trade – highlighting that without the comfort of the Single Market, the UK government needs to support first time exporters and be mindful of potential increases in tariffs and trade costs.
To see the full comment on the blog, please click here and scroll down to 11.35am.
A letter from ICC UK’s Secretary General, Chris Southworth, has been published in the Financial Times. In response to the article, ‘Business should assume a hard Brexit’ – and indications that the UK Government will give up membership to the Single Market – the letter discusses the importance of making the case for free trade during Brexit negotiations. Chris explains the benefits that membership of the Single Market brings for UK business and calls for the Government to work hard to minimise red tape at borders. The letter also calls for UK business to communicate with the Government and the electorate to loudly make the case for trade.
To read the full letter, please click here (requires subscription). The letter is also available in today’s print edition.
TFR recently reported on the International Chamber of Commerce (ICC) United Kingdom’s 2016 Trade Finance Conference held in December. The conference covered a range of topics from Brexit, global economic uncertainty, and trade finance shortages, to regulation, compliance and the growth of digitisation. It provided a platform for trade finance figures in the UK and Europe to examine the new challenges and opportunities facing the global trade industry. In particular, the need to respond to growing protectionism was a key talking point throughout the event.
To read the full article, please click here.
ICC UK’s Secretary General, Chris Southworth features in the Winter Issue of New Business, where he discusses the challenges UK companies face and how they can yield their influence. In particular, following the Brexit referendum, international business – more than ever before – needs to put forward its collective interests in the Brexit negotiations, for instance, securing jobs, passporting rights, and encouraging foreign investment from multinationals. What’s more, businesses need to defend the importance of free trade, and encourage open relationships that promote trade and investment.
To read the full article, please click here (please note, access to the magazine requires a subscription).
Sir Mike Rake, Chair of ICC United Kingdom, appeared early this morning on BBC Radio 4’s Today Programme. Interviewed by presenters John Humphrys and Sarah Montague, Sir Mike was first questioned on broadband investment and connectivity, and proceeded to discuss the importance of transitional arrangements and being “intensely practical” while the UK negotiates trade agreements with the EU.
“Brexit is going to happen, we are going to leave the EU, it’s very clear; what the business community wants, and the International Chamber of Commerce wants to support, is a sensible practical way to do this as painlessly a way as possible – for the UK and for our friends in the EU”.
To listen to the full interview, please click here and go to 1:15:40.
ICC UK’s Secretary General, Chris Southworth, has been quoted in an article in The Independent which discusses the alarm call from UK business leaders about the costs of EU uncertainty.
According to the article, many business leaders have put investment decisions on hold amid uncertainty and, most recently, after the High Court ruled that Government cannot trigger Article 50 without first consulting Parliament.
In particular, Southworth comments on the opportunity for business leaders to bring pragmatism to negotiations, while UK policymakers should listen to businesses. He also discusses the need for reassurances in the event of overshooting the two year EU exit timeframe.
To read the full article, please click here.
Earlier today, Chris Southworth, Secretary General of the International Chamber of Commerce (ICC) UK was interviewed on Sky News following the release of the latest UK GDP figures from the Office for National Statistics. The figures reveal that GDP grew by 0.5% in the three months to the end of September, down from the growth rate of 0.7% recorded in the second quarter – but better than predictions.
Chris explained that there is still much uncertainty for UK business and the upcoming Brexit negotiations after Article 50 is triggered. He highlighted the fact that the UK is both an import and export economy, and that the Government needs to be pragmatic and mindful of the potential impact on trade in the coming months.
Early yesterday morning ICC United Kingdom’s Secretary General, Chris Southworth, appeared on CNBC’s Squawk Box Europe, explaining why British businesses are concerned about Brexit.
In particular, Southworth explains how a miscommunication from government is of particular concern to businesses planning ahead. On a positive note, he comments that the Department for International Trade has already taken positive steps in recruiting trade experts for the upcoming trade negotiations with the EU.
To see a clip of the interview, please see here.