Press release: Salisbury incident: Foreign Secretary statement on OPCW report

Today the international chemical weapons watchdog have confirmed the findings of the United Kingdom relating to the identity of the toxic chemical used in the attempted assassination of Mr Skripal and his daughter, and which also resulted in the hospitalisation of a British police officer. That was a military grade nerve agent – a Novichok.

This is based on testing in four independent, highly reputable laboratories around the world. All returned the same conclusive results.

There can be no doubt what was used and there remains no alternative explanation about who was responsible – only Russia has the means, motive and record.

We invited the OPCW to test these samples to ensure strict adherence to international chemical weapons protocols. We have never doubted the analysis of our scientists at Porton Down.

In the interest of transparency, and because unlike the Russians we have nothing to hide, we have asked the OPCW to publish the executive summary for all to see and to circulate the full report to all state parties of the OPCW, including Russia.

We will now work tirelessly with our partners to help stamp out the grotesque use of weapons of this kind and we have called a session of the OPCW Executive Council next Wednesday to discuss next steps. The Kremlin must give answers.

We must, as a world community, stand up for the rules based order which keeps us all safe. The use of weapons of this kind can never be justified, and must be ended.




News story: Joint statement on trade between UK and the ESA states

Joint statement on trade between UK and the ESA states – GOV.UK

Joint statement by Trade Minister Greg Hands and the Eastern and Southern African (ESA) states to progress trade continuity talks.

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  1. Senior trade officials from the United Kingdom (UK) and Eastern and Southern Africa (ESA) states met in Mauritius on 8 to 9 February to continue discussions on the future trade relationship between the UK and the ESA countries after the UK leaves the EU. The meeting was opened by the Honourable Minister of Foreign Affairs, Regional Integration and International Trade of Mauritius in the presence of the British High Commissioner.
  2. The interim Economic Partnership Agreement (iEPA) between the ESA countries (Madagascar, Mauritius, Seychelles and Zimbabwe) and the European Union (EU) was signed in 2009. The iEPA provisionally entered into force between the ESA countries and the EU in May 2012. While the UK remains a member of the EU, the EUESA iEPA will continue to apply to trade between the ESA iEPA countries and the UK. Comoros have signed the agreement and are in the process of ratifying.
  3. Furthermore, the March European Council agreed that during the implementation period, which will end on 31 December 2020, the UK is to be treated as a member state for the purposes of international agreements. This provides further certainty and confidence that there will be no disruption to existing relationships underpinned by international agreements as we move into the implementation period.
  4. And as the UK is in the process of exiting the EU, ESA partners welcomed the UK’s intention to avoid trade disruption. The UK re-affirmed its commitment to the trade arrangement under the current EUESA iEPA and the aim to maintain current market access to the UK following the implementation period, to ensure continuity of the effects of the EUESA iEPA.
  5. The 2 sides have focused on steps to agree a new arrangement that replicates the effects of the existing EPA as a means to ensure continuity in trade, and as a framework that can be built on in future. At this stage, this is a technical exercise to ensure continuity in the trading relationship, rather than an opportunity to renegotiate existing terms.

Minister for Trade Policy Greg Hands endorses progress in trade continuity talks between the UK and ESA states:

I am pleased by the good progress that continues to be made by UK officials and their ESA counterparts towards ensuring a smooth transition of our trading arrangements once we leave the EU. This would build on the £900 million of existing annual trading between our countries.

Free trade has transformed developing economies across the world. As we create our independent trade policy outside the EU, the UK will continue to be a champion for free trade, helping developing countries grow their economies and reduce poverty through trade.

Published 12 April 2018




Press release: UKEF’s 2020 strategy delivers hundreds of millions of pounds worth of UK exports

One year ago, UK Export Finance (UKEF), the UK’s export credit agency, published its 3-year strategy to provide more relevant, scalable and accessible support for UK exports.

Since then, UKEF has implemented numerous innovations and supported hundreds of millions of pounds of export revenue for the UK. UKEF has also been awarded ‘best export credit agency’ by Global Trade Review, a leading international trade news source.

Rt Hon. Dr Liam Fox MP, Secretary of State for International Trade, said:

UK Export Finance is providing support for British business that’s more relevant, more accessible and on a greater scale than ever before. From innovations that make it easier for the UK’s SMEs to sell overseas, to bringing export opportunities to the UK supply chain, UKEF is helping to secure billions of pounds of business for hard-working UK companies.

By doing this, the government is helping the UK to become a nation of exporters, taking full advantage of the world of opportunities as the UK shapes its own trade agenda and takes its place on the world stage as a great, global trading nation.

The Business Plan was published after the 2017 general election, setting out HM Government’s ambitions to put UKEF at the heart of the UK’s trade promotion strategy, with concrete steps to:

  • increase the scale of UKEF’s support
  • become more customer-centric
  • ensure support is relevant to businesses big and small, exporters and suppliers

More relevant to UK exporters and the UK supply chain

In the last year, UKEF has significantly increased the contribution of UK goods and services to major projects around the world. It does so using the draw of UK government-backed finance to attract overseas buyers to the UK and then directly connect UK businesses with the overseas projects it supports at one of its ‘supplier fairs’. This model makes UK exports even more competitive in the global marketplace and will secure hundreds of millions of pounds worth of export revenue for the UK.

In addition:

  • In September 2017, UKEF introduced an enhanced overseas investment insurance product, offering UK businesses seeking to grow internationally greater protection against political risk on their overseas investments, particularly in fast-growing developing economies.
  • UKEF, for the first time, expanded eligibility for its trade finance support to include UK suppliers of exporters, as well as exporters themselves.
  • Plans are in place to further enhance support for the UK supply chain with the development of a new invoice finance product that will improve exporters’ access to capital and enable their suppliers to accelerate invoice settlement.

Supporting the supply chain means more UK businesses can realise the benefits of international trade even if they are not yet selling overseas, and will enhance the agility with which exporters can deliver orders and take on new business.

More accessible

In October 2017, UKEF launched a partnership with 5 major high-street banks to speed up the application and decision-making process for UKEF’s short-term trade finance support.

This new delivery model is helping small and medium-sized businesses access finance up to £2 million directly from their banks much more quickly and without needing to apply to UKEF separately.

UKEF also made improvements to its digital services, including a new application portal that enables banks to apply online for UKEF trade finance support on behalf of their customers, and a new online pricing indicator.

More scalable

In the last year, UKEF increased – and, in many cases, doubled – its ability to support UK exports to over 100 markets, from India and South Africa, to Mexico and Malaysia.

UKEF can now offer finance in over 60 local currencies – compared to fewer than 15 available before 2016. This allows buyers around the world to ‘buy British, pay local’, making UK exports more competitive and attractive worldwide. UKEF’s local currency offer is now one of the most flexible among its international counterparts.

Additionally, UKEF and the Department for International Trade recruited in-market experts across its priority markets, including Indonesia, UAE and Brazil to create an overseas network. The network will focus on seeking, securing and supporting overseas opportunities for UK exporters in these fast-growing markets.

New appointments

UKEF has strengthened its senior management capability and capacity in key roles, including:

  • Richard Simon-Lewis, new Head of Origination, Client Coverage, Marketing and Communications
  • Adam Harris, who will lead a growing team of 30 specialist underwriters as UKEF’s new Head of Civil Infrastructure and Energy
  • Andy Blacksell, new Head of Underwriting Policy and Products

This will support successful delivery of the next phase of the Business Plan, as UKEF adopts a more proactive approach to supporting UK exports.

Background




News story: CMA publishes new advice for joint ventures

The CMA is today publishing advice for businesses thinking of, or already operating, joint ventures to help them comply with competition law. This follows a recent case where two businesses in a joint venture were fined £1.7 million by the CMA for agreeing to share the market under the cover of a joint venture agreement.

The CMA’s short guide on Joint Ventures and Competition Law: do’s and don’ts is for businesses that are already in, or are considering entering into, joint ventures, alliances or other forms of collaboration with another business.

The CMA’s advice urges competing businesses to make sure they collaborate legally, check they are compliant with competition law from the outset of agreements and to keep arrangements under regular review to help ensure they remain compliant. In addition to publishing the advice, the CMA is also writing directly to over one thousand regional commercial law firms to ask them to share the advice with their clients.

Ann Pope, CMA Senior Director, Antitrust, said:

At the CMA we support collaboration between competitors that leads to innovation and directly benefits customers but there can be a fine line between collaborating and colluding. Certain forms of collaboration between competitors are illegal under competition law and businesses can face large fines if they break the law.

Competing businesses setting up a joint venture should be clear about how collaborating will directly benefit customers, and that the benefit of joining forces couldn’t equally be achieved by acting alone but in competition with each other.

Labelling a collaboration as a ‘joint venture’ will not protect businesses from the scrutiny of competition law. Our new advice provides pointers on what is and isn’t allowed when operating a new or existing joint venture – I urge businesses and legal advisors alike to read and share it.




News story: Make sure you know where your charity donations are going

Giving to charity is a longstanding and important tradition, and the British public are generous when it comes to supporting charitable causes.

Sadly, that generosity can sometimes be undermined by those who seek to intercept charitable funds for their own gain.

We want to help donors know how to spot a genuine registered charity.

By making simple checks part of the routine of donating, we can all become smarter and more conscious donors, and help promote public trust in the sector as a whole.

Safer giving video

Advice for the public

Do not be put off supporting the important work of charities, but make sure you are safely giving to genuine charity collectors by following our steps to safer giving:

  • before giving, check the charity’s name and registration number on our register
  • be more cautious about people collecting for general charitable causes, such as ‘it’s for local sick children’- make more enquiries about what exactly the money would be used for and by who –
  • when approached by collectors, check whether they are wearing a proper ID badge and that any collection tin is sealed and that it is not damaged
  • if in doubt, ask the collector for more information – a genuine fundraiser should be happy to answer questions and explain more about the work of the charity
  • check a collector has a license to fundraise with the local authority or has the consent of the private site owner
  • check that the charity follows the Fundraising Regulator’s guidance and Code of Fundraising Practice
  • carefully review collection bags for clothing and household goods to find out whether they are from a genuine charity
  • never feel under pressure by a fundraiser into making a donation immediately

Safer giving online donation tips

Apply the same checks online as you would in person, but also:

  • be wary of unsolicited emails from charities you have never heard of or have no association with
  • don’t click on links contained in emails – instead search online for your chosen charity to check you have the right web address and donate directly to them
  • check there is a padlock symbol in the URL bar and that the web address starts with ‘https’
  • make sure the charity is genuine before giving any financial information and never share your pin number

After making these checks, if you think that a collection or appeal is not legitimate, report it to the police; and if you think the collection is fraudulent report it to Action Fraud through their website or call them on 0300 123 2040.

  • If you think a collector does not have a licence – report it to the relevant Local Authority Licensing Team or the Metropolitan Police (if in Greater London). Also let the charity and Action Fraud know if you can
  • If in any doubt, contact your favourite charity directly to find out how to make a donation