With the Chinese authorities announcement this weekend that it is going to be more flexible in it's management of it's exchange rate, Asian stock markets rose this weekend. China has been under increased international pressure as many felt that they kept the value of the yuan artificially low to aid it's exporting businesses. Coupled with the fact that the euro has fallen 17% against the dollar - and in effect the yuan - since the European debt crisis began in December, China's exports have become less attractive.
So what does this mean for our local businesses in the South Thames Gateway? What does it mean for sterling and has it made overseas trading more attractive? What's more, how does a firm learn about the joys and pitfalls of exporting, decide if it is going to export to Dublin or Dubai or understand what the effect of the Chinese yuan is going to have on future profitability?
In conjunction with Business Link East and UK Trade & Investment, Knowledge Thurrock Innovation Associates is hosting a free event on Wednesday 21st July. This interactive workshop will be aimed at owner/managers who want to expand their customer base across Europe and beyond. Entitled "International Export Opportunities for Local Businesses" subjects covered will include market entry strategies and modes, help available from the UK government & other business support initiatives and tips for researching new markets.
If you would like some more information about this event, please call Richard on 07500 802 311 or email at r.a.snell@uel.ac.uk
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