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Import / Export and post-Brexit UK globalization and EU markets.

Globalization has made companies around the world interconnected and the production systems of each country adapt to the needs of each market in which they intend to work. This always happens, even when individual states strive to change the import/export conditions between country and country, as with Brexit and the UK’s willingness to leave the […]

Globalization has made companies around the world interconnected and the production systems of each country adapt to the needs of each market in which they intend to work. This always happens, even when individual states strive to change the import/export conditions between country and country, as with Brexit and the UK’s willingness to leave the EU.

Import / Export and post-Brexit UK globalization and EU markets.`

If every company is willing to undertake commercial relations with other companies in the world, it means that the markets in every country in the world must also adapt to ensure that foreign companies can be enabled to work by opening representative offices abroad and in the markets in which they operate.

However, every market in every country of the world has its own way of functioning. Italy is a country where companies pay great attention to the quality of the production system, the quality of the materials used for production, the quality of the safety of the means of production used, the quality of working conditions during production.

This means that globalization has learned to take into account not only the quantity of goods produced, but also the quality of the products and services produced. And this affects the market price of the product and the way the product is sold. Markets must take into account the different modes of production adopted by companies. 

In the global import/export markets from UK to EU three types of companies compete.

Companies are of 3 types: 

  • Quality companies. They are long-lasting, they are born in the individual territories which they respect and also respect the countries where they export their products and services; 
  • Financial companies. They are short-lived, have a more or less shared main interest in financial investment and cannot be determined in their duration except by the performance of the financial markets;
  • Smart companies. They have a short-term life. They are born to satisfy the particular need of a market that requires a product or a service at a certain historical moment and for this reason it is not a long-lasting market. 

There are not many markets that have many companies of the first type and spread throughout all sectors of production, agriculture, industry, services. Italy is certainly a country that has a wealth of first, second and third sector companies with the characteristics of the first type of quality enterprise, which markets can take into account.

In fact, the export of Italian companies to the markets has increases in all the main groupings of industries and for durable consumer goods. Italian companies export to the markets of China, Switzerland, Turkey, the United States, Russia and exports are growing sharply on an annual basis. For the non-EU area including the United Kingdom, exports are estimated to increase by 10.5% on a monthly basis and by 3.7% on an annual basis. Businesses and companies around the world take these aspects and characteristics of the Italian market into account. The Law of International Trade takes these aspects into account and makes it possible to form foreign companies even in countries such as Italy where there are services to transfer VAT, identify a tax representative, open a bank account for the company, open branch offices or representative offices of the foreign company. All tools to make it easier to manage foreign markets, import/export by UK companies to both European markets such as the Italian one and non-EU markets.