This report analyzes Barclays PLC's strategies for expanding into new and international markets. It begins with an introduction to the global business environment, focusing on the UK and its SMEs. The report then delves into the influence of key global drivers, opportunities, and threats within the global business environment. It explores the rationale behind SMEs' international expansion, including sales growth, cost savings, and market diversity. The report examines trading blocs, agreements, and the associated advantages, as well as tariff and non-tariff barriers. It also covers how trading blocs stimulate global growth for SMEs. The second part of the report focuses on the advantages and disadvantages of exporting processes, differences between merchandise and service imports/exports, required documentation, and various ways SMEs can tap into international markets, assessing their pros and cons. The report concludes with a summary of findings and a list of references.
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