The power of presence: why international trade missions, exhibitions, and shows matter

The power of presence: why international trade missions, exhibitions, and shows matter

05.31.2023-B

In an increasingly interconnected global economy, businesses are constantly seeking opportunities to expand their reach, access new markets, and forge strategic partnerships. While digital tools and online platforms have undoubtedly transformed how we conduct business, the value of face-to-face interaction in international trade remains undeniable. International trade missions, exhibitions, and shows provide invaluable platforms for businesses to achieve their global ambitions.

Why Attend International Trade Events?

  • Market Entry and Expansion: Trade missions and exhibitions offer a concentrated environment to explore new markets or deepen penetration in existing ones. Businesses can assess market demand, understand local preferences, and identify potential customers or distributors—all within a short period.
  • Networking and Relationship Building: These events bring together key industry players, government officials, potential investors, and other stakeholders. They provide unparalleled opportunities to network, build relationships, and establish trust, which are crucial for successful international collaborations.
  • Lead Generation and Sales: Exhibitions and trade shows are powerful platforms for generating leads, showcasing products or services, and even closing deals. Businesses can directly engage with potential buyers, answer their questions, and demonstrate the value of their offerings.
  • Industry Insights and Trends: Attending international events allows businesses to stay abreast of the latest industry trends, technological advancements, and competitive landscapes. They can gain valuable insights into market dynamics, consumer behavior, and emerging opportunities.
  • Brand Visibility and Credibility: Participating in reputable trade events enhances a company’s visibility and credibility in the international market. It signals a commitment to global engagement and demonstrates a willingness to invest in building international partnerships.

The Role of Trade Missions

Trade missions, in particular, offer a curated experience for businesses seeking to enter or expand in a specific market. Organised by government agencies, trade associations, or chambers of commerce, these missions typically include:

  • Pre-arranged meetings with potential partners: Trade missions often facilitate business-to-business (B2B) meetings with pre-screened companies, increasing the efficiency of market exploration.
  • Briefings on the target market: Participants receive valuable insights into the local business culture, regulatory environment, and market opportunities.
  • Networking events: Trade missions provide structured networking opportunities to connect with key stakeholders and decision-makers.
  • Logistical support: Organisers often assist with travel arrangements, accommodation, and other logistical details, making it easier for businesses to focus on their objectives.

UKGCC’s Support for Businesses

The UK Ghana Chamber of Commerce (UKGCC) recognises the importance of international trade events in facilitating trade and investment between the UK and Ghana.

  • The UKGCC organises and leads trade missions, such as the one to London in 2023, where they led a delegation of high-level representatives from key Ghanaian state institutions and businesses to the UK.  
  • UKGCC also offers business matchmaking services and organises B2B meetings to connect businesses.  
  • These initiatives aim to support businesses in expanding into new markets, fostering partnerships, and driving economic growth.  

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