Companies across the East Midlands will get a helping hand to boost their overseas sales in High Growth Markets as government exporting body, UK Trade & Investment (UKTI), launches Export Week.
Export Week: High Growth Markets, will be the first of two export weeks in 2013. The first will run from Monday 13 May and give local businesses specific access to support and events to crack high growth markets such as Brazil, Russia, India, China, Colombia, Indonesia and Qatar.
In the East Midlands events include Business Arabic for Beginners and a Latin American breakfast workshop.
The news comes as the latest figures released by HM Revenue & Customs this week show that exports from the East Midlands to Asia and Oceania for 2012 grew to a record high of £4.36 billion, a 22 per cent increase on 2011, which was £3.57 billion. Exports to the Middle East and North Africa hit £1.25 billion – a rise of £194m.
Peter Hogarth, Regional Director for UKTI East Midlands said:
“The global economic centre of gravity has shifted towards high-growth markets and an increasing number of local firms are prospering by exporting to these markets: The latest regional trade statistics for the whole of 2012 show we have hit a record high for our total exports for 2012 at £18.3 billion. We have also topped our sales to the Middle East and North Africa with an increase of almost £200 million. Our exports outside of Europe are now just over 57 per cent.
“So we’re doing something right and local firms are not only breaking into high growth markets but competing on a level playing field globally.
“Our sales to Latin America and the Caribbean have taken a hit of £2 million so we need to work hard to raise our exports to these markets, where there are significant opportunities across a range of sectors.
“Through this Export Week we are looking to increase the momentum and reach as many businesses as we can with information about the support available for selling their products and services to millions of potential new customers.
“We have special targeted events taking place across the region to give firms the support they need in the fast-growing markets of the Far East and the high-growth markets such as Brazil, Colombia and Indonesia. These events are in addition to the usual support and help on offer from UKTI which includes country and sector specific champions based in the region and access to commercial staff based in many Embassies and Consulates overseas.
“Many firms have a fear of exporting itself, and especially exporting outside of Europe, so this week aims to allay these fears and help firms realise that with UKTI help they can do it.”
“It’s hardly surprising that exports to the EU have fallen but our sales to non-EU countries and the growing markets have more than made up the deficit.”
For details of events taking place during export week visit www.exportweek.ukti.gov.uk or call UKTI East Midlands on 0845 052 4001.
In the East Midlands events for Export Week include:
Business Arabic for Beginners, 13 May, Hilton Northampton Hotel,100 Watering Lane, Collingtree
A full-day of language and culture training in Arabic.
Business Portuguese for Beginners, 14 May, Holiday Inn Hotel, Brayford Wharf North, Lincoln.
Designed to introduce firms to the basics of business Portuguese.
Higher Growth event, 15 May, Masonic Hall, 25 Goldsmith Street, Nottingham.
Aimed at advisers in professional services to give them the tools to help clients achieve in high growth markets. Run by UKTI, GrowthAccelerator and the Manufacturing Advisory Service.
Rise of the Indian Consumer, 16 May, Leicester City Football Club.
Jointly organised by UKTI and the UK India Business Council, this event will focus on how to tap into the retail sector in India
Latin American Breakfast, 17 May, Mickleover Court Hotel, Mickleover, Derby.
Breakfast briefing on emerging business opportunities from Chile, Colombia and Mexico across all sectors.
A further Export Week will take place in November.