Tapping into New and International Markets

Unit 43– Tapping into New
and International Markets

Contents
INTRODUCTION...........................................................................................................................1
PART 1............................................................................................................................................1
P1 Explaining the global business environment in which small and entrepreneurial businesses
operate..........................................................................................................................................1
P2 Analysing the threats and opportunities that SMEs face in an increasingly competitive
global environment......................................................................................................................2
P3 Advantages of international trading blocs and agreements....................................................3
P4 Tariff and non-tariff barriers..................................................................................................4
PART 2............................................................................................................................................5
CONCLUSION................................................................................................................................8
REFERENCES................................................................................................................................9

INTRODUCTION
Trading overseas is a practice of tapping into new and international market with the aim of
growth and development of the business. This concept is related with the efforts made by an
organisation to export and import products from international regions (Cantwell, 2013). The
main aim of this report is to build an understanding about global environment and various
opportunities or threats which are exposed in that environment. In order to achieve this aim,
Barclays organisation is selected in this report which is a financial services company having
headquarters in London United Kingdom. For the purpose of preparing contents for this webpage
of this company, United Kingdom is selected as the country of Europe region to analyse its
global environment in which SMEs operate.
In this report, global business environment of UK is analysed along with its opportunities
and threats. Benefits of international trading agreements is also analysed in this report along with
various tariff and non tariff barriers.
PART 1
P1 Explaining the global business environment in which small and entrepreneurial businesses
operate
United Kingdom is a country of Europe region which despite of facing current global
economic turmoil and challenges remains to be a positive, forward looking and open for
business. Government and authorities of this region are committed to provide facilities to the
small businesses as they think that the small medium businesses are the backbone of the
economy and they must be developed so that they are contribute towards GDP and employment
of the country (d’Hauteserre, 2011). United Kingdom is led forward by its private sector and is a
six largest economy of the world. UK economy is one of the most globalised nations which is
considered as financial centre of the world. Service sector of this country contributes
approximately 80% of the total GDP and most of the organisation of this sector are SMEs.
Small and mediums enterprises are the organisation which operate their activities at a small
scale which are limited to few regions only. In context of United Kingdom, small business
comprises employees less than 50 and turnover less than 10 million pounds. Medium businesses
comprises employees less than 250 and turnover less than 50 million pounds. These organisation
operates in a global environment where they are import products from different regions to
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