Get the best out of your foreign exchange rates,
and widen your trading spectrum
Welcome to this week's Global Update where we provide the latest currency headlines.

This afternoon at 4.00pm you can attend a webinar on trading with Chile. If you are interested please scroll down and book your place. You can also register for tomorrow's webinar on doing business in Colombia, Mexico and Brazil.

Our training courses for the remainder of the year are listed below along with the latest trade updates.

If you have any queries, please get in touch with our International Trade team by emailing or telephone 01223 237414.

Karen Cash
International Trade Team Leader
GBP/EUR Weekly Brief

Moneycorp, provider of Chamber Foreign Exchange, provide the latest currency headlines in their weekly brief which is available to read here.

Moneycorp can save your business money by creating a foreign exchange strategy tailored to your business needs. Highly competitive exchange rates, low or no fees, free online currency accounts plus access to Moneycorp online, a web-based portal for making payments and trading foreign exchange.
Import / Export Diagnostics Workshop
Thursday 24 November, 9.30am-1.00pm

This workshop will ensure your company has the right tools to be compliant in the new world of UK/International Trade.
Inward and Outward Processing
Thursday 1 December, 9.30am-1.00pm

This course will cover special procedures and the benefits of using IP and OP in your compliance.
Understanding Rules of Origin
Tuesday 6 December, 9.30am-1.00pm

This course will explain all aspects of Rules of Origin and Trade Agreements and how to understand and comply with them to help companies be more competitive in export markets.
Understanding Commodity Codes
Tuesday 13 December, 9.30am-1.00pm

By attending this course we will ensure you:

  • Are aware of what a commodity code is and what it is used for
  • Understand the process of how to classify goods
  • Successfully classify a range of goods
  • Understand the importance of getting your commodity codes correct.
You can view the full list of all our courses on the Chamber website.

Courses can also be tailored to meet your company’s specific requirements. For more information about a bespoke course for your company, which can be delivered remotely or in person, please contact the Chamber on 01223 237414.
Chile: Open for Business
Tuesday 22 November, 4.00-5.00pm

Have you ever considered Chile as the next country you export to?
The opportunities are vast and Chile is definitely Open for Business!

We are delighted to be working with the British Chilean Chamber of Commerce and Bedfordshire Chamber of Commerce to bring you this informative online session.

Register for your free place here.

Doing Business in Colombia, Mexico and Brazil
Wednesday 23 November, 3.00-5.00pm
Organised by the British and Colombian Chamber of Commerce

Join experts from member firm JA Del Rio together with VBR Brasil to provide in-depth analysis of the business and legal opportunities across Colombia, Mexico and Brazil. Presentations are strongly encouraged for individuals who are doing business or looking to do business in Latin America.

Register here. 
September’s UK trade data has been released by the Office for National Statistics. UK goods exports fell in September by 4.7 per cent. The drop in exports to the EU was higher than to the rest of the world - 5.1 per cent compared with 4.2 per cent. Overall goods imports to the UK fell by five per cent% with EU imports down by 7.3 per cent and non-EU imports down by three per cent. Read the comments from the British Chambers of Commerce (BCC) on a weakening UK trade position here. 

Last week, the BCC was successful in achieving a further delay from UK Ministers in the phasing out of CE-marked goods on the GB market. CE-marked goods will continue to be permitted on the GB market until the end of 2024, with easements on labelling of UKCA marked products extended until the end of 2027. Read the BCC comments here, where they call for a further period of clarity until after 2026, and intensified discussions between government and business on long-term solutions on markings and testing of goods.

The BCC was involved with discussions with HM Revenue and Customs last week on the rollout of the Single Trade Window first release by the end of 2023. Officials told them that safety and security certificates and import documentation will be included in the initial rollout. They will be in further contact on arrangements for consultation on the operation and design of the new interfaces.

Last week, UK Ministers unveiled a new scheme for businesses to donate energy equipment to Ukraine to help replace the 40 per cent of infrastructure destroyed in the war since February. The BCC hope to meet with officials shortly to discuss further plans for reconstruction in Ukraine and how business can help.
Contact the Chamber

01223 237414 •
Cambridgeshire Chamber of Commerce
Clifford House, 2 Station Yard, Oakington, Cambridge, CB24 3AH