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International Trade Comittee

UK Trade and InvestmentThe International Trade Committee provides essential guidance for the planning and development of the International Trade Team. The committee acts as a representative voice for exporting companies in the sub-region. Issues that may be taken up include the raising of prices for air travel or freight forwarding, as well as the escalating costs of security protection or fuel surcharges. For Further information on the comittee contact Lynne Gater 01782 202222 

Further to our International Breakfast Meeting, a question was raised by the Chairman of our International Trade Comittee - Adrian Allen enquired about obtaining payments from Iran. Trevor Smith agreed that there were problems with getting dollars out of Iran and Sudan. Letters of Credit were being honoured by the clearing banks as long as they were not in US dollars. Stephen Harding advised that members should ensure the Iranian bank's London office has clearing connections with the Bank of England and to take care with any documents requiring legalising by Iran

Response by Trevor Smith, Royal Bank of Scotland. 
According to the present regulations, The Bank of England will allow Letters of Credit issued from any of the Iranian Banks with the exception of Bank Sepah. However, the Letters of Credit must not be in US$ as these will not be allowed.

2010 Forthcoming Events

Events

16 September 2010Maximise Your Membership
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24 September 2010Autumn Lunch
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6 October 2010Make the Most of Technology - in partnership with Dell
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7 October 2010Speed Networking Lunch
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Courses

2 September 2010 Debt Collecting by Telephone
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