Export hub urges businesses to explore new markets

MY Export Hub, the international trade support arm of the Mid Yorkshire Chamber of Commerce, is urging the region’s businesses to consider exploring new overseas markets as a route to growth and is calling on them to jump on board a trade mission to Latvia.

Britain’s trade deficit rose to its highest level in six months in June and the UK has the largest goods trade deficit of any EU member state.

Yet new figures produced by the British Chambers of Commerce and DHL show confidence among exporting companies is at an all-time high and MY Export Hub believes now is the right time for Yorkshire businesses to make the leap and begin exporting.

To help local companies take their first step into a new market, MY Export Hub is running a trade mission between October 15 and 19 to Latvia.

With support from a market entry firm with expertise in the Baltic States, MY Export Hub will take participating businesses on a four day trip with pre-arranged business meetings and attendance at the International Business Networking Conference in Riga included.

Chamber head of policy Steven Leigh said: “Many companies consider the prospect of exporting a daunting proposition, yet huge opportunities await those who dare to make the leap. The International Monetary Fund predicts the Latvian economy to grow by 4.2% per year in 2013 and 2014, illustrating the significant potential for British companies who seize the initiative.

“Support for international trade continues to be strengthened and at Mid Yorkshire Chamber we are doing all we can to help inexperienced exporters take their first steps in new markets. Latvia is known as the gateway between Europe and the Baltic States and represents an area with enormous opportunity for Yorkshire firms.”

MY Export Hub is also running a seminar – Explore New Opportunities in Latvia – taking place at the Mid Yorkshire Chamber offices in Lockwood Park on September 3 from 10am until noon to introduce companies to the business opportunities available in the Baltic States.

To register interest in the Trade Mission to Latvia email joanna@alfran.co.uk.