British Overseas Trade Board

Updated: Aug 20, 2021

The British Overseas Trade Board was an export promotion agency of the UK Department of Trade and Industry from 1972 to 1988. It was set up in 1972 to replace the British Export Board.

An official organization headed by the Secretary of State for Trade and Industry but with memers drawn from the private sector, set up to promote U.K. exports and to advise exporters concerning the multifarious aspects and complexities of marketing goods and services overseas. As a government-sponsored organization, part of its mandate was to liaise effectively between government and private industry with the aim of maximizing existing opportunities for the development of overseas trade, and in so doing to advise government as to the most effective strategies available in this context. It publishes a range of booklets – some available free, others on sale at H. m . s. o. dealing with both the technicalities of exporting goods and the problems associated with selling in individual countries. It function was to advise on the suitability of particular agents and distributors overseas by means of confidential ‘status reports’. It arranged assistance for displaying products in trade fairs and in-store promotions abroad and even provides financial aid for companies wishing to join trade missions to overseas markets. Additionally, it guided new exporters through the maze of foreign tariffs and regulations and would even provide conditional financial assistance for gaining a foothold in new markets. The B.O.T.B. had offices in various parts of the U.K.

Reference: The Penguin Business Dictionary, 3rd edt.

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James Knight
Editor of Education
James is a lead content editor for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and the… read more.