Read The Times Australia

Daily Bulletin

Countries that play together, trade together - DIT launches first of a kind trade and investment campaign at Commonwealth Games

  • Written by: PR Newswire Asia - Daily Bulletin Au RSS
  • New trade campaign launched to target all 55 other states in the Commonwealth
  • Marketing blitz timed to mark the start of the Commonwealth Games in Birmingham
  • Campaign to build on pledges to increase trade at last month's Commonwealth Heads of Government Meeting

LONDON, July 29, 2022 /PRNewswire/ -- A new trade promotion campaign will target everywhere from Vancouver to Vanuatu as the Commonwealth Games kicks off in Birmingham.

Commonwealth print advert Commonwealth print advert

The Commonwealth makes up a third of the world's population – ranging from the world's second most populous nation (India's 1.4bn people) to its second smallest (Nauru's 13,000). Total trade with the Commonwealth was £120.6bn in 2021, accounting for 9.4% of the UK's total trade.

And now an ambitious new campaign from the Department for International Trade (DIT) aims to reach each and every other country in the Commonwealth – thought to be a first for an international trade promotion campaign.

In addition to more well-known outlets such as Canada's Globe and Mail, the NZ Herald and The Gleaner of Jamaica; the campaign will also feature in the Vanuatu Business Review, the Togo Presse and The Mihaaru of the Maldives.

It will spotlight businesses across the Commonwealth, showcasing why the UK is the best place in the world to invest, with our world-class talent, high spending consumer market and business-friendly regulatory landscape. It will also highlight our fantastic exporters to help stimulate global demand for British goods and services.

International Trade Secretary Anne-Marie Trevelyan said:

"The Commonwealth is made up of some of the world's most diverse and dynamic economies and stretches right across the globe."

"With its GDP forecast to jump by nearly 40 per cent over the next five years, we have a massive opportunity to turbocharge trade with Commonwealth countries."

"This exciting campaign, reaching out to some nations for the first time, will raise awareness of the exciting opportunities to boost two-way trade, drive business and economic growth and support local communities."

The new initiative is part of the wider GREAT Global Trade Campaign and is designed to showcase the success of trade and investment with the Commonwealth and encourage more businesses to trade. 

The Commonwealth represents a major consumer market for UK exporters. It also offers incredible opportunities for investment, with countries like India and Nigeria among the world's fastest-growing global economies.

Investment between Commonwealth nations is already 27 percent higher than with countries outside the association. And bilateral trading costs are on average a fifth lower due to shared language and legal and economic systems – known as the 'Commonwealth Advantage.'

Running from this month to March 2023, the marketing campaign will capitalise on key moments in 2022, including the Commonwealth Games, Mobile World Congress Africa and COP 27.

It will target key senior business decision makers with a print, paid social, partnership and PR activation in all the 55 other Commonwealth member states.

Ian Bowen-Morris, DIT's Head of International Marketing, added:

"The GREAT Global Trade Campaign is the Government's flagship international trade and investment promotion campaign underpinning the Prime Minister's key trade and investment policy objectives.

"It builds on the proven success of previous international campaigns such as Invest in GREAT Britain and Northern Ireland, and GREAT Ready to Trade supporting the UK's economic recovery from Covid-19 and spearheading trade promotion plans around the world."

The campaign will position the UK as a world leader in green technology and finance, collaborating with global businesses to drive Net Zero goals.

The team will engage with devolved administrations and Local Enterprise Partnerships (LEPs) across England, such as the Midlands Engine and Northern Powerhouse, as part of marketing activity. This will help drive regional growth and support the UK's levelling up agenda.

Notes to Editors:

Every day, businesses all over the Commonwealth choose to partner with the UK for the highest quality products and services.

  • For example, UK Solar Power, a solar manufacturer and PV project specialist, is supplying innovative solar solutions to farming and residential communities in Africa and the Caribbean. So far UK Solar Power have supplied over 34,700 home and road light solutions to communities across the Commonwealth.
  • British transport and logistics firm Direx Solutions worked with Canada's Metrolinx to deliver a project that improved the rail services speed by nearly 30%, created jobs across the region and helped cut costs by 50%.

 

Authors: PR Newswire Asia - Daily Bulletin Au RSS

Read more https://www.prnasia.com/story/archive/3829962_AE29962_0

Business News

How Businesses Can Prepare for Unexpected Power Outages

Power failures can occur quickly. The supply may be interrupted by bad weather, issues with the electricity network, damaged equipment or local construction work. This can be just a hassle for a fam...

Daily Bulletin - avatar Daily Bulletin

How Chatswood Tutoring Can Fit Into a Student’s Weekly Routine

Create a Predictable Weekly Structure A consistent weekly routine can make study easier to manage when students are balancing several subjects. Chatswood tutoring can provide a fixed learning point a...

Daily Bulletin - avatar Daily Bulletin

The Rise of Digital Marketplaces in the Australian Trade Sector

For decades, the Australian trade and construction sector operated almost entirely on word-of-mouth recommendations and local community networks. Small business owners typically relied on local newspa...

Daily Bulletin - avatar Daily Bulletin

How Immigration Lawyers Can Help

Introduction Visa decisions can shape employment, family life, study plans, travel, and future residence. A small omission can lead to delay, added expense, or refusal. Immigration lawyers assess l...

Daily Bulletin - avatar Daily Bulletin

How Industrial Drying Equipment Supports Efficient Processing

Many industrial processes require moisture to be removed from compressed air, products or process materials before they move to the next stage. Excess moisture can affect equipment performance, produc...

Daily Bulletin - avatar Daily Bulletin

Practical Ways a Whiteboard Can Improve Workplace Communication

Effective communication helps teams stay organised, share ideas and keep track of important information. While digital tools are now common in many workplaces, a whiteboard continues to provide a simp...

Daily Bulletin - avatar Daily Bulletin

Designing Eco-Friendly Custom Water Bottles for Your Next Event

The Evolution of Sustainable Event Merchandise Event planning has undergone a massive transformation over the last decade. Gone are the days when organizers could hand out cheap, single use plastic...

Daily Bulletin - avatar Daily Bulletin

Why Choosing a Professional Florist Melbourne Makes Flower Delivery Impactful

Flowers have a great power to speak when humans cannot express their feelings with right words. Flowers are the best gifts when you are celebrating a birthday or welcoming a newborn child into your fa...

Daily Bulletin - avatar Daily Bulletin

The Business Case for Choosing Australian Fabricators Over Imported Alternatives

For a long time, you might have defaulted to overseas suppliers when sourcing fabricated metal components for a project. The unit price was lower on paper, and the maths seemed straightforward. That...

Daily Bulletin - avatar Daily Bulletin

The Daily Magazine

How fast can you charge an EV at home? Charger speeds explained

Ask new EV owners what worried them before buying and charging time comes up early. A petrol tank fi...

Crossing Several European Borders? How to Keep Your Phone Working the Whole Trip

A multi-country trip through Europe can cross three borders in a day. Take the coach from Split to...

Behind the Scenes: How Medicines Stay Safe Before They Reach Your Pharmacy

You pick up a prescription, glance at the label and pop the box in your bag without a second thought...

How Local Organisations Can Get Their Story Told in the Media

The local junior footy club raises enough money to send a team interstate. A community garden double...

Understanding the Compassionate Flexibility Built Into Religious Fasting Traditions

You've probably been aware of religious fasting as part of the cultural landscape, whether through...

The Rise of Australian-Made Spirits and What It Means for Local Drinkers

Not so long ago, ordering a local gin at the pub would earn you a blank look. Bottle shop shelves we...

How NDIS Providers Can Free Up Space and Run a Tighter Operation

Walk into the office of almost any growing NDIS provider and you will probably find a corner that ha...

Small Acts, Big Impact: How Australians Can Give Back to Their Communities

There is a common belief that giving back requires either a lot of money or a lot of time. Big chequ...

The Lost Art of Saying Thank You and Why It Still Matters

Somewhere between the arrival of email and the rise of the reaction emoji, the humble thank you shra...