International Trade Advice from The Middle East Association
GuruOnline is growing every week with new contributors and sets being added all the time. Our international trade sets are one of the most popular, receiving thousands of views every month.
In one of my previous blogs I talked about the exclusive sets by the China Britain Business Council (CBBC) and the practical free business advice they offer on international trade and the benefits trading with China can bring to your organisation.
One of our new sets are from the Middle East Association, which similar to the CBBC, give free beneficial advice to business that could profit through international trade.
Michael Thomas, Director General of the Middle East Association, explains how major companies in the UK like Shell, BP and Rolls Royce etc set up the organisation nearly 50 years ago, to promote good will and trade with the Middle East region. Today they’re representative of 70% of all UK exports, they’re a non-profit and non-political organisation which ensures their advice is impartial and in your companies best interests.
Michael goes on to explain how the Middle East is the fastest developing market in the world, there is no other area or region of the world which is growing as fast as the Middle East, you just have to look at the amazing progress that’s been made in Saudi Arabia and the other Gulf countries to see what’s going on there and no British company can afford not to be involved.
There’s lots of assistance out there for companies looking to do business with the Middle East, the British government is making a huge effort to promote trading with the area as is the UKTI. The commercial departments and the embassy’s around the region are much more business focused than they ever were too.
One of the major sectors which is coming out at the moment is the educational and vocational training side, the Middle East has a major problem, in that it has to create jobs for it’s people, about 50% of the population of the Middle East are under 25, and they all need jobs and training to do those jobs.
Populated countries like Saudi Arabia and Egypt are also looking for joint venture corporations with a world company; so, anyone in the UK with a good product who would like to look into a local manufacturer would also prosper in the Middle East.
Michael also explains some of the more particular details of international trade, including business visas and legalities, traveling and what to look out for with each of the major Middle East countries, from accommodation to customs to currency. For more international trade advice on doing business with the Middle East from the Middle East Association check out the rest of the sets on Guru now.