Month: <span>April 2017</span>

It seems Bulgaria is a good place to do business – A T Kearny, the global management consultant firm, ranks ninth in the world and number one in Europe as an outsourcing destination, the World Bank put it a 38 for ease of doing business, while Bloomberg places it as the sixth best country for doing business.

If your looking to extend your operation across Europe, Bulgaria could be the ideal destination, so here’s all you need to know about exporting to Bulgaria.

Brazil is the biggest economy in Latin America, with larger states such as São Paulo having a bigger economy than neighboring nationArgentina. Brazil is also the world’s seventh biggest economy with a Gross Domestic Product (GDP) of USD 2.3 trillion.

The UK and Brazil have a burgeoning trading relationship in place – UK goods exports to Brazil more than doubled in the decade between 2002 and 2012, and services exports increased by 59% in the five years between 2009 and 2014. And even though overall imports to Brazil dropped by 14.3% in 2015, the number of UK goods exported to the country only fell by 5%.

If you’re thinking of exporting to Brazil, the top UK exports include:

• Chemical products (mainly fungicides)
• Electrical appliances
• Machinery
• Pharmaceuticals
• Vehicles

If Brazil looks like a good opportunity for your business, here’s all you need to know about exporting there…

Located at the heart of the Balkan peninsula in south east Europe, Bosnia and Herzegovina is a middle income country with a small population of just under 4 million. The country split from Yugoslavia in 1992, but the war in the region didn’t end until three years later with the signing of the Dayton Peace Agreement.

2015 saw UK exports to Bosnia and Herzegovina reach the £59 million mark, up almost two-thirds (63%) on 2014, and the top UK exports are:

• Industrial lubrication, motor oil and mineral fuels,
• Plastic products and components of plastic materials
• Pharmaceutical products
• Machines and mechanical components for machinery
• Electrical machinery and equipment

Bosnia and Herzegovina’s application to join the EU is still under review, even so, there are several benefits for UK businesses exporting there, including:

• access to a market of 60 million people through Central European Free Trade Agreement (CEFTA)
• in receipt of EU pre-accession funds (IPA) and funding from international financial institutions
• preferential export regimes with a number of markets
• import-dependent economy

So if the Balkan nation looks like a good business opportunity, here’s everything you need to know about exporting to Bosnia and Herzegovina…

Belgium is an affluent and multicultural nation with an open market that offers opportunities to businesses in most sectors. There are over 1,000 public and private international organisations with headquarters in Belgium, including some big-name UK businesses such as BP, BT and Shell.

Belgium is the UK’s eighth largest export market – worth £12.5 billion in 2014 – and the top exports to Belgium include:

• chemical products
• medical products
• automotive equipment
• diamonds

The Belgian economy is growing at a rate of about 1% each year, and the country’as top priority sectors for economic development include:

• biotechnology
• agri-food sector
• environmental technology
• pharmaceutical sector
• information communications technology (ICT)
• transport and logistics

If you think this looks like a good opportunity for your business, here’s all you need to know about exporting to Belgium…