A new report has been developed to assist Victorian companies seeking to expand and explore new opportunities by exporting to or investing in the United Kingdom.
Developed in partnership with Global Victoria, The Australian British Chamber of Commerce and the UK’s Department for Business and Trade, Doing Business with the UK: A Guide for Victorian Companies was designed to help Victorian businesses win new job-generating contracts in the United Kingdom.
Doing Business with the UK provides insights into the UK’s regional and sector strengths and tips to break into lucrative markets, providing a deeper understanding of the diverse opportunities available, and offers practical advice on how to effectively export products or establish operations within the UK.
It addresses key considerations, market entry strategies, regulatory frameworks, and tips from industry experts who have navigated the British market successfully.
The guide is timely following the recent launch of the Australia-United Kingdom Free Trade Agreement (A-UKFTA), which improves trade conditions for exports and imports and the movement of young and skilled workers in both directions.
Key data shows:
The UK is one of our great trading partners and with strong support Victorian exporters are increasing their footprint year after year.
Selling into massive markets like the UK creates jobs at home and that’s why we are backing our exporters – Minister for Trade and Investment Tim Pallas
A case study in the report, Victorian skincare company Ultra Violette is one such Victorian export success story that now has 26 products selling in some of the UK’s leading retailers including Cult Beauty, SpaceNK, Net-a-Porter, Harrods and Sephora.