Assisting Ministry of Foreign Affairs with their State Trade Strategy
Export-led Growth Strategies
Providing valuable insights and support to foreign governments
State Trade Strategies
A successful country or state trade strategy is one that enables a country to increase its exports, expand its market access, and improve its competitiveness in the global marketplace.
A successful state trade strategy should be aligned with the country’s economic goals and take into account its strengths and weaknesses.
Evestico has unrivalled experience in the growth sectors of Industrial Automation, CleanTech and GreenTech.
As such, we can provide complete state trade strategies for your Ministry of Foreign Affairs, based on your goals in these target markets, including concrete actions and steps to not only establish a foothold but also grow your share of exports into the UK
How Evestico can help governments prepare their country trade strategy
Conducting market research: Evestico can conduct market research to help foreign governments understand the target country’s business environment, including its economic policies, regulatory framework, market size, growth potential, and consumer preferences. This information can help governments tailor its trade strategy to the specific needs of the target country.
Identifying potential partners: Evestico can help the foreign government identify potential partners in the target country, including suppliers, distributors, and customers. This can help the government develop relationships with local businesses and build a network of contacts in the target country.
Analysing competition: Evestico can analyse the competition in the target country and help the foreign government understand the competitive landscape. This can help the government develop a competitive strategy that takes into account the strengths and weaknesses of local competitors.
Understanding regulatory requirements: Evestico can help foreign governments understand the regulatory requirements for doing business in the target country, including licensing, permits, and taxes. This can help the government comply with local laws and regulations, as well as WTO World Trading System and avoid any legal issues.
Providing cultural insights: Evestico can provide cultural insights to foreign governments, including language, customs, and business etiquette. This can help the foreign government build relationships with local businesses and avoid cultural missteps that could harm its trade strategy.
Facilitating contacts with key stakeholders: Evestico can facilitate contacts with key stakeholders in the target country, including government officials, business leaders, and industry associations. This can help the foreign government build a network of contacts and influence local policy and regulatory decisions.
Evestico is already providing assistance to countries interested in developing export led state trade strategy for the UK.
Contact us to find out more.