The international delivery specialist ParcelHero was part of the Department for International Trade (DIT) ‘Selling Online’ Conference staged at the Ricoh Arena in Coventry. Around 500 retailers and manufacturers were present there and discussed the exporting products to overseas markets process.
Speaking at the event was ParcelHero’s Head of Consumer Research, David Jinks MILT, who had the following message to send to the trade industry: “A unique combination of the fall in the value of the pound, the current lack of tariffs, taxes and Customs delays on UK goods into Europe, and a high duty threshold for British goods in the USA, means there may never be a better time for UK SME manufacturers and retailers to take their first step into selling overseas.”
He also advised traders to take into account the possibility that Brexit may change the current highly favourable trading arrangements with European Union countries. “Exporters have never had it so good! It’s to be hoped that a soft Brexit will mirror EU Single Market and Customs Union arrangements as closely as possible. Certainly now is the most cost-effective time for businesses to dip your toes in exporting to Europe and start building relationships,” he added.
David mentioned that US President Donald Trump might reverse America’s minimum duty threshold of $800, which is the value under which no duties and taxes are imposed on UK exports into the US, to the former $200 level.
He concluded his speech by revealing a few tips and tricks that will help smooth the process of shipping overseas: “Not only is Exporting GREAT, to borrow the title of the DIT’s campaign, it is also far easier and cheaper than many SME businesses may fear.”
Other experts present at the Conference were Barclays, Google, PayPal, and other major supporters of the DIT initiative.