Been forwarded this email by a colleague? Sign up today to receive this update straight to your inbox! Sign Up Now
Welcome to BAB's Trade & Investment Update for October 2019.

In October, we welcomed a number of trade delegations from the US over to the UK to learn more about the opportunities available for UK firms looking to expand across the pond, and held two more events in our hugely successful Accelerate programme, in both New York and London - more info below.

Despite the news that the Brexit deadline has been pushed back to 31 January 2020, we're featuring some advice from the UK Department for International Trade on how to get your business ready in the event of a no-deal scenario.
In the news, we're highlighting the latest statistics on the UK economy, including some interesting info on its growing trade relationship with the US, as well as some less than welcome news that global investment has seen a sharp decrease as trade disputes between the US, Europe and China weighed on the world economy.

Check out some of the exciting events us and our partners have coming up at the bottom of this email, all focussed on how you can hit the ground running when you take your business stateside.

Follow BAB on Twitter and Linkedin
BAB Attends UK-Ohio Trade & Investment Reception at US Embassy London

On 28 October, BAB London attended an evening reception at the US Embassy in London to celebrate UK-Ohio trade and investment ties, and learn more about why Ohio is such a great place to invest.

At the event were a number of transatlantic businesses in BAB's membership, including Cleveland Clinic, who will be opening a new hospital in London in 2021. Also attending the event was a delegation from Ohio which included Lt Governor Jon Husted, organised by our friends at JobsOhio.

It was also announced during the delegation that the London Stock Exchange Group (LSEG) will locate its North American Headquarters in Cleveland, Ohio (home to our friends at BABC Ohio !) to further expand their global offerings.

The announcement comes as 10 organizations in Ohio became the first class in the US to graduate from the LSEG's ELITE business training program aimed at ambitious small and medium-sized enterprises. JobsOhio partnered with ELITE to enable the funding for this first group of US-based business and community leaders, supporting their growth aspirations, promoting global partnerships and facilitating access to international capital.

Learn more about the LSEG's ELITE program & US growth here.

Photo credit: Ambassador Robert Wood Johnson twitter @USAmbUK
BAB New York Accelerate Roundtable with Robin Daniels, CMO, WeWork

On 2 October, BAB New York held its latest Accelerate Roundtable with the CMO of WeWork , Robin Daniels.

Attendees had the chance to hear Robin speak candidly about his personal journey, what drives him, and his unwillingness to ever settle for 'good enough'.

We'd like to thank Robin for his time, and to our event sponsors Delta Air Lines and Virgin Atlantic Airways.
BAB London Accelerate Roundtable with Cemar Ezel, Founder, Change Please

On 14 October, BAB London held an Accelerate Roundtable at the offices of members Deloitte , where we heard insights from Cemal Ezel, Founder of Change Please .

Change please is a business and social enterprise, which helps rough sleepers in the UK, Australia and USA train as baristas, and provides support to help them find work and housing. Attendees heard from Cemal about his transatlantic expansion, and how he balances a business with a social enterprise.

Thanks to our sponsors Delta Air Lines and Virgin Atlantic Airways , to our moderator Alex Chisnall and to Cemal for his fascinating insights.
BAB London Welcomes Stephen Bridges LVO to Office

On 7 October, BAB London welcomed Stephen Bridges LVO, Director for UK&I at the Indiana Economic Development Corporation and long-time friend of BAB to our offices.
BAB London Welcomes Trade Delegations to the UK

Throughout October, the London team had the pleasure of helping welcome a number of delegations from the US to London.

Starting on 1 October, we welcomed a 40-strong delegation from Oregon on a best practices mission, and it was a pleasure to meet with business leaders and heads of the economic development councils in Oregon.

On 3 October, the London team was invited to the US Embassy in London for an informal reception hosted by Raleigh & The Research Triangle Region, North Carolina Delegation.

And on 10 October we were at Lloyds of London for a business delegation from Charlotte, North Carolina, which included a London investment seminar exploring what makes the Carolinas an attractive region for foreign direct investment, particularly UK-based business in FinTech, IT, and Advanced Manufacturing.
UK Government Publishes Advice on Importing & Exporting from the EU in the Event of a No-Deal Brexit

The UK Government has published advice for importers and exporters in the UK who trade regularly within the European Union on how they can ensure their business is ready in the event of a no-deal Brexit.

Check out the advice for exporters here
and for importers here
UK Government Publishes Latest Trade and Investment Core Statistics Book
Department for International Trade, 29 October 2019

The Department for International Trade published its latest findings on the UK economy in October detailing its performance for the year ending Q2 2019.

Among other statistics, the data shows a 0.2 point growth in GDP in Y/E Q2 2019, and the United States retaining top spot as the largest trading partner for goods and services with the UK in 2018 - valued at £120bn annually, or 18.8% of the total trade in goods and services from the UK. The data also shows the UK holding a £44bn surplus in trade of goods and services with the US in 2018.

Read the document in full here.
Global Investment Plunges as Trade Disputes Take Toll
Financial Times, 28 October 2019

Global foreign direct investment contracted sharply in the first half of this year as trade tensions between the US, Europe and China weighed on the world economy.

The flows fell by a fifth in the first six months of 2019 compared with the second half of the previous year, to $572bn, according to data from the OECD. The drop was particularly concentrated in the second quarter, when flows contracted by 42 per cent. 

FDI flows into the US dropped by more than a quarter from the latter half of 2018 to the first half of 2019, to $151bn, while flows into the EU dropped by 62 per cent to $107bn. By contrast, flows to China increased by 5 per cent to $82bn.

Read the article in full here.
Doing Business in the US of A
13 November, Birmingham

The US provides a huge opportunity for UK businesses post-Brexit and with a potential US trade deal.

Trading there is very different to in the UK, so navigating through the complexity and getting it right first time is vital. All the topics you need to understand like structure, tax, legal, insurance, banking and trade support will be covered by expert speakers including:

13 November 10:00am - 2:00pm
Cooper Parry Park View, One Central Boulevard, Blythe Valley Park, Solihull, Birmingham B90 8BG
BAB Accelerate Roundtable with Oliver Atkinson, Casual Films - In Association with Indiana Economic Development Corporation (IEDC)
11 November, London

Join us on 11 November for the next installment in our BAB Accelerate Roundtable Series.

This roundtable lunch will include remarks from our case study speaker, Oliver Atkinson, Managing Director, Casual Films describing his company’s transatlantic growth story as well as remarks from IEDC’s Commerce Secretary, who will explain recent economic and business developments in Indiana.

11 November 11:35am – 1:45pm
Faegre Baker Daniels LLP, 7 Pilgrim Street, London EC4V 6LB
Attendance Complimentary
Doing business in the US Marketplace
27 November, Edinburgh

Meet USA trade experts for a 'whistle-stop' tour of Scotland's top export destination. Discover which States offer the best opportunities for your products and services. Plus, get practical tips and guidance to help you set up, grow and develop your business .

The USA continues to be Scotland's top international trading partner with around 17.1 % of all our exports entering the States, worth £5.5 billion.

Wednesday, November 27, 2019 | 9:00 AM – 1:30 PM
Dentons UK | Quartermile One, 15 Lauriston Place, Edinburgh, EH3 9EP
Thank you for reading this month's Trade & Investment Update. If you have any feedback or comments, please contact us.

If you no longer wish to receive communications from BritishAmerican Business, please unsubscribe using the link below
Follow us online