Business West processed a record number of export documents in July, demonstrating the strength and resilience of South West businesses, despite the gloomy national economic outlook.
On average, Business West certified 125 European Certificates of Origin a day during July. European Certificates of Origin are used by exporters to prove the origin of their goods, their weight and country of destination. Business West is one of 53 accredited Chambers in the UK authorised to certify Certificates of Origin on behalf of exporters.
In addition to the nearly 2,300 plus Certificates of Origin certified in the month of July, Business West also issued over 150 ATA Carnets in the same period. Carnets are known as a 'passport for goods’, meaning that performers and salespeople can transport their goods and equipment across borders temporarily without paying import duties and taxes.
News of a bumper period for South West exporters comes as the UK suffers its first fall in GDP in six and a half years. Between April and June, the economy shrank 0.2%. Another quarter of negative growth would tip the UK into its first recession since the financial crisis.
Commenting on the news Phil Smith, Managing Director at Business West said:
“Despite the UK economy teetering on the edge of a recession, South West businesses keep on trading with the world. This is reflected by that fact that our 19-strong export documentation team processed more export documents in the last 30 days than ever before.
“As the largest Chamber in the UK, not only are we one of the UK’s leading providers of export documents, we are also a bellwether for the economic health of this region.”