UK beer groups launches export operation

Created: 10 July 2015

A UK trade body has set up a club to help its members export beer

The Society of Independent Brewers (SIBA), which represents 800 breweries, will launch an export club to enable independent brewers to crack the export market.

As well as offering advice and administrative support to first time exporters, SIBA plans to launch a cooperation sales agency, which will see the body purchase beers from its members and sell it to export customers.

A statement from the trade organization said, “SIBA is not seeking to replace existing UK-based exporting sales companies, but to provide initial or additional commercial opportunities. SIBA will seek beer brands and brewers’ prices, make offers to potential customers, collate delivery to one UK depot, administer export logistics and receive all monies.”

The Export Club is also to feature generic stands at export trade shows and events.

SIBA Managing director, Mike Benner said: “With so much competition in the UK beer industry for space on the bar or on the retailers’ shelves, it is important that SIBA develops opportunities in the export market for its members. The export market can be a real challenge for smaller brewers and SIBA has created the Export Club to inform, advise and open more doors around the world for our members to promote their fantastic beers.”

SIBA members include Fuller’s, Caledonian Brewery and Camden Town Brewery.

 

Greek voters reject bailout offer

Created: 06 July 2015

Greek voters have decisively rejected the terms of an international bailout.

The final result in the referendum, published by the interior minister, was 61.3% ‘No’, against 38.7% who voted ‘Yes’.

Greece’s governing Syriza party had campaigned for a ‘No’, saying the bailout terms were humiliating.

Their opponents warned that this could see Greece ejected from the Eurozone, and a summit of Eurozone heads of state has now been called for Tuesday.

Greek Prime Minister Alex Tsipras said late on Sunday that Greeks had voted for a “Europe of solidarity and democracy”.

“As of tomorrow, Greece will go back to the negotiating table and our primary priority is to reinstate the financial stability of the country,’ he said in a televised address.

“This time, the debt will be on the negotiating table,” he added, saying that an International Monetary Fund assessment published this week “confirms Greek views that restructuring the debt is necessary”.

Jeroen Dijsselbloem, who heads the Eurozone’s group of finance ministers, said the referendum result was "very regrettable for the future of Greece".

Germany's Deputy Chancellor, Sigmar Gabriel, said renewed negotiations with Greece were "difficult to imagine".

Mr Tsipras and his government were taking the country down a path of "bitter abandonment and hopelessness", he told the Tagesspiegel daily.

Greek banks are desperately in need of a lender of last resort to save them, and the Greek economy.

And it’s sad to say that no banker or central banker believes the European Central Bank (ECB) can fulfill that function – because it is struggling to prove to itself that Greek banks have adequate assets to pledge to it as security for new loans.

There are two options; The Bank of Greece could make unsecured loans to Greek banks without the ECB’s permission – which would provoke a furious reaction from Eurozone leaders and would be seen by most of them as tantamount to leaving the euro. Or it can explicitly create a new currency, a new drachma, which it could then use to provide vital finance to Greek banks and the Greek economy.

Constantinos Papanikolas, 73, who also clutched a Greek flag, said the result meant “a fresh start, a new page for Greece and for Europe, which has condemned its people to poverty.”

Opposition conservative New Democracy lawmaker Vangelis Meimarakis said he was expecting Tsipras to keep his pledge for a quick deal.

“If we don’t have an argument within 48 hours as the prime minister promised, then we are being led to a tragedy,” he said.

According to a local news source, citing supermarket chains and food industry sources, Greece is currently experiencing a massive shortage of fresh meat and fish because of soaring demand due to import uncertainties.

It is also believed that demand for non-perishable foods such as pasta, rice and beans may well lead to shortages much earlier than expected.

In a Guardian newspaper report Vasilis Korkidis, head of national Confederation of Hellenic Commerce, said that 'imports, exports, factories, firms, transport - everything is frozen.' This therefore means with soaring demand and lack of ability to replenish stocks, it lead to further shortages.

Greece is massively dependent on importing its food. If Greece were to leave the euro, this would massively rupture trade agreements and costs of shipping goods in and out of the country.

If you export to Greece, and would like to find out more about how the Grexit will affect your business, then why not sign-up to our International Trade Briefing? This month's edition discusses the relationship between the IMF and Greece. To sign up simply call us on 01908 221 162 or email This email address is being protected from spambots. You need JavaScript enabled to view it.

 

 

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