A new online Government service will help exporting businesses “identify new trade opportunities”, it has been revealed.
The Department for International Trade (DIT) said the “Check for barriers to trading and investing abroad” digital service will allow companies to check for red tape and regulatory hurdles imposed by other countries, which could “restrict businesses in trading and investing there”.
But the tool will also enable companies to monitor when such restrictions have been removed or resolved – shining a light on “potential areas of growth” and exporting opportunities.
The new service – which comes just weeks before the end of the Brexit transition period – will add to the existing range of tools designed to help businesses trade overseas, which also include the “Report a trade barrier” and “Check how to export goods’’ services.
Commenting on the launch of the “Check for barriers to trading and investing abroad” digital service, Minister for International Trade, Ranil Jayawardena, said: “I have spent much of the past year speaking to British businesses of all sizes – hearing of their determination to bounce back bigger, better and bolder out of COVID-19.
“This new service will help businesses across Britain to identify potential new markets and seize the new opportunities that come with becoming an independent trading nation, boosting jobs and growth in every corner of the country.
“I am committed to doubling down on tackling trade barriers, so that we can add to the 175 barriers across 61 countries we have already removed and make it easier for our great British businesses to trade globally.”
Click here to access the new tool.
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