BExA launches trade manifesto

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22 February 2010

The British Exporters Association (BExA) has launched a manifesto detailing a list of changes it wishes to see in the way that the UK government supports exports.

The British Exporters Association (BExA) has announced a manifesto detailing a list of changes it wishes to see in the way that the UK government supports exports.

Among the changes demanded include the creation of single UK trade body that will handle both exports and domestic business and a “reengineering” of the UK export credit agency, the ECGD, to make it more relevant to exporters.

BExA has demanded that the two national UK trade departments, BIS and UKTI, which handle domestic trade and exports respectively, should be merged to encourage better co-ordination.

The lobbying association also called for the new body to...

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Poll

Will Russia’s recent ban on grain exports result in a significant rise in private risk insurance claims from grain traders unable to fulfil their contracts?

Yes – there will be more claims. The government’s actions allow traders, with PRI cover, to make claims through contract frustration.

No - the majority of Russia’s wheat production, some 70%-80%, is used for domestic consumption so the contracts represent only a small portion of the total wheat market, limiting the amount of potential claims.

23%

No - traders had a week’s notice before the ban allowing them to secure alternative supplies to fulfil contracts stated as optional origin.

23%

Maybe - but claims are likely to be limited to traders dealing in soft wheat whose contracts demand they source wheat only from Russia.

46%