The Business Travel Magazine Feb/Mar 2019

DEPARTURES
pharmaceuticals, electrical
appliances and chemical products.
Chile is the fifth-largest economy
in South America. Despite language
difference and a long travel time,
international business is on the rise
to this part of the world.
British Airways revealed in its On
Business programme data that its
route to Santiago (pictured) posted
yearly growth of 18% in 2018 from
SMEs. The figures were backed up
by James Ashton-Bell, CBI Head of
International Trade, who said: “2018
was a great year for UK exports,
with new records set for innovative
British goods and services reaching
overseas destinations. Small and
scale-up firms are powering this
drive, breaking into new markets
and discovering that demand for
British expertise is ever-growing.”
Chile also benefits from free trade
agreements with the majority of
goods from the UK entering the
country with zero tariffs.
In Peru and Colombia, the
Department for International
Trade names beverages, vehicles,
machinery and pharmaceuticals as
export opportunities.
Meanwhile, in Argentina top
exports from the UK include
plastics, chemicals, medical
equipment, professional and
scientific instruments, machinery
and mechanical appliances.
More businesses in the UK than
ever are seeking expansion
overseas and in Latin America
in particular.
“With exports now reaching
£626billion we look forward to
2019. Overseas trade will continue
to play a crucial part in economic
growth and my international
economic department will do all it
can to support UK businesses to
expand their operations overseas”,
says International Trade Secretary,
Dr Liam Fox MP.
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