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Solarglide has announced that they are representing the North East of England as part of the brand-new UK-Canada Free Trade Agreement (FTA) after being approached by the Department of International Trade (DIT).
The FTA is an improved agreement based on the UK-Canada Trade Continuity Agreement between the UK and Canada. This has been created to reduce and eliminate tariffs, improve the flow of goods and encourage investment. The new deal will simplify processes and reduce the red tape for exports, making it easier for UK businesses to trade with Canada.
Canada and the North East have a strong trading relationship, with £57 million (c. €68 million) worth of goods exported from the region to Canada in 2020 and 168,000 North East jobs supported by UK exports to Canada.
The DIT contacted Gosforth-based Solarglide due to the organisation’s strong links with Canadian businesses, Teekay Shipping and BC Ferries, alongside its reputation for being an innovative and dynamic company based in the region.
Solarglide is a marine blinds and window coverings designer, manufacturer and installer based in Gosforth, Newcastle upon Tyne. Its blinds and coverings are designed for commercial ships, cruise lines and yachts.
Paul Pringle, managing director at Solarglide, said, “It is a privilege to be approached by the DIT and to represent the North East. Having this honour shows our impact on global trade and our relationship with the North East.”
The new agreement will reduce barriers for goods exporters such as the processes and administration that disproportionately affect small to medium sized enterprises. Goods exports to Canada were worth £6.1 billion (c. €7.2 billion) in 2020. Reducing these barriers can help businesses make the most of existing preferential tariffs.
Solarglide also work alongside other global customers, including the North Sea Oil Rig, Nobel Has Duel in Scotland, the tugs in the Suez Canal and the Global Mercy ship in the Tianjin Xingang shipyard in China and Tasmania, for environmentally friendly catamarans.
Pringle continued, “As we work with Canadian businesses, allowing the trade process to be easier will benefit us logistically as well as financially. We would expect to gain sales of approximately 15% of our pre pandemic turnover from Canadian customers.”
For more information, visit Solarglide.
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