Activities
The UK, principally through London, has a £40bn trade surplus in financial and professional services representing 3% of UK GDP. World Traders represent virtually every form of financial service and are committed to retaining and growing London’s services. World traders consist largely of three groups. Brokers – people who trade services. A great number of members work within the financial services sector of the City of London, for example, ship brokers, insurance brokers, commodity brokers, stockbrokers and currency dealers. Traders – people who trade tangible goods and products. These members are often importers and exporters, for example, of foodstuffs, pharmaceutical products, metals and various industrial products from doors to bridge builders. Financial services - professionals who have a specialty in supporting international business. These members include lawyers, bankers, accountants, patent attorneys, academics and consultants. World Traders are at the forefront of debates shaping the future, for example the structure of the Eurozone, banking & insurance regulation, reducing trade barriers, growing the fledgling carbon markets, and long-term sustainability of the environment and finance.
The 250 World Traders are international. As well as UK-based British nationals, a significant number of the Livery are overseas nationals based in the UK, dual nationals, British nationals who live overseas and overseas nationals who live in their home country. World Traders host a large number of foreign visitors looking to relocate or establish trading connections with the UK not just from primary trading partners in the EU, China, Brazil, Russia, India or the Gulf states, but also from smaller countries which may benefit from personal support and contacts.
The Company’s hallmark annual event is the Tacitus Lecture, begun in 1988, now one of the largest intellectual events in the City of London’s calendar. The event gives a senior individual an opportunity to initiate discussion of serious concern to world trade in a global forum.
Read more about this topic: Worshipful Company Of World Traders
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