Lloyds Bank launches international trade portal for UK companies
The bank said that businesses looking abroad can identify the international opportunities that offer most potential for their product or service.
The bank said that businesses looking abroad can identify the international opportunities that offer most potential for their product or service.
Lloyds Bank has launched an international trade portal for its UK corporate customers, allowing them to identify the international opportunities that have the most potential for their product or service. It will also allow businesses to focus their efforts and identify prospects to grow overseas and the potential pitfalls they may face.
The interactive online tool will allow businesses to search for suppliers and buyers to work with as trading partners; view information on trading requirements and conditions for specific markets; look for real-time public or private tender opportunities around the globe; access market reports, trade shows and events for their chosen sectors and countries; view sanction checks on potential trade partners; use an import and export calculator to optimise shipping costs; and view live foreign exchange rates.
The portal will also be linked to the Department of International Trade’s (DIT) new GREAT.gov.uk digital platform, which helps UK businesses break onto overseas markets, and take advantage of the appetite for UK goods and services. By registering, businesses will become part of a brand new searchable directory of UK exporters which the government will use to match their products and services with worldwide demand.