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Planning to Export?

- the time may be ripe for picking new territories.

An interesting read from BBC Business news just shows what can be achieved from what is seen as a negative event. 

Tom Espiner, Business reporter, BBC News wrote in June this year: 

"Having a devalued pound boosts demand for exports", Prof Minford said. He continued to explain that businesses invest more money because they can sell more easily abroad, and more expensive foreign goods encourage consumers to buy British, giving an extra push for business investment. The devaluation is, "likely to remain for quite some time", because of the length of the Brexit negotiations, the outcome of which could be a compromise between soft and hard Brexit, he concluded.

 

If negotiations are derailed, this may be positive for stock market sentiment, as the UK could move towards free trade agreements faster. But the economy will probably move towards having more of an emphasis on free trade gradually, Prof Minford adds.

Mr Beck of Oxford Economics also says that being outside the customs union with the EU may bring benefits. Trade with the EU may not be as important as building trade links with rapidly growing large economies such as China and India.

Even before Brexit, exports to the EU had been falling relative to other markets.

China and India are "growing very quickly", whereas European countries are wealthy and so are growing more slowly as a market, Mr Beck states.


Ministry for Growth are close to markets in India and the Middle East and are aware that there are an increasing amount of businesses who wish to trade both ways. We have good contacts in UK, India and Middle East and are poised to help businesses who wish to open trade deals in any of these countries.

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