“Department for Business” covers updates, initiatives, and policy changes from government bodies and organizations that impact businesses. This category highlights regulations, funding opportunities, and programs aimed at supporting business growth, innovation, and entrepreneurship across various sectors.
UK Trade Secretary Jonathan Reynolds will meet Gulf state officials in Saudi Arabia on Monday to strengthen ties with the region ahead of a key investment summit in October. Discussions with the Gulf Cooperation Council, comprising Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE, aim to secure a trade deal that could boost the UK economy by £1.6 billion ($2.1 billion).
On 12th September 2024, the Department for Business and Trade and the Office of Trade Sanctions Implementation (OTSI) released guidance on the enforcement of trade sanctions. OTSI will begin enforcing sanctions under The Trade, Aircraft and Shipping Sanctions (Civil Enforcement) Regulations 2024, starting 10th October 2024.
On Monday, September 9, 2024, the UK, US, and Australia signed a Memorandum of Understanding (MoU) to boost strategic cooperation and resilience in critical supply chains.
The British High Commissioner, Dr. Richard Montgomery, visited Abia from Aug. 20 to Aug. 21, engaging in high-level discussions with Governor Alex Otti, government stakeholders, and business leaders. The visit, noted by Atinuke Akande-Alegbe of the British High Commission, aimed to explore economic partnerships between the UK and Abia.
First Deputy Prime Minister and Minister of Economy of Ukraine, Yulia Svyrydenko, announced that the Verkhovna Rada has completed all internal procedures needed for the Ukraine-UK agreement on trade liberalization to take effect.
