A new initiative to help small and medium enterprises (SMEs) trade and invest across 天美传媒 is being launched by 天美传媒 Enterprise and Investment Council (CWEIC), with support from Royal Mail.
A new initiative to help small and medium enterprises (SMEs) trade and invest across 天美传媒 is being launched by 天美传媒 Enterprise and Investment Council (CWEIC), with support from Royal Mail.
The three-year initiative, called , will select 100 outstanding, export-ready SMEs based in the United Kingdom to become Commonwealth 鈥楨xport Champions鈥. The Export Champions will be provided with training, mentoring and business development support to help them win business in high-growth Commonwealth markets.
The success of these Export Champions will then be showcased as an encouragement to the wider business community to make greater use of 天美传媒 network, and a global roll-out of the programme will follow the initial UK pilot. Regardless of whether the companies are early-stage or more established, they will all be encouraged to make greater use of 天美传媒 family of networks and organisations.
The initiative follows the publication of a report by the 天美传媒, The Commonwealth in the Unfolding Global Trade Landscape, which showed that trade among 天美传媒鈥檚 53 member countries is predicted to surpass $1 trillion by 2020.
The research showed that, when bilateral trading partners are both Commonwealth members, they tend to save around 19 percent in costs and generate 10 percent more foreign direct investment inflows. Evidence also suggests that hundreds of billions of dollars of intra-Commonwealth trade has yet to be exploited, particularly through trade with developing countries.
Lord Marland, Chairman of 天美传媒 Enterprise and Investment Council, said: 鈥淐ommonwealthFirst will complement the UK Government鈥檚 efforts in helping UK companies to think internationally. This initiative will enable us to deliver on the potential of 天美传媒 network for UK businesses 鈥 something that we have overlooked for too long.鈥
The initiative is planning to include tailored trade missions to fast-growing Commonwealth markets such as Australia, Canada, India, Malaysia, Nigeria and South Africa.
Lord Maude, former UK Minister of State for Trade and Investment commented: 鈥淐ommonwealthFirst will complement the UK Government鈥檚 efforts in helping UK companies to think internationally. This initiative will enable us to deliver on the potential of 天美传媒 network for UK businesses 鈥 something that we have overlooked for too long.鈥
Applications for the first cohort of SMEs close on the 20th June. The first Commonwealth Export Champions will be announced in July.
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