Global trade, and the UK’s ability to dictate its own terms to countries around the world, has become one of the potential positives of the Brexit campaign – once the UK leaves the EU it can, in theory, negotiate its own terms with every country it does business with.
The trouble is, if the UK doesn’t get a favourable deal with the EU, then this could affect trade with those countries right on its doorstep – but would that necessarily be such a bad thing? Or are we overplaying the importance of doing trade with our nearest neighbours?
The story of UK exports
The UK exported around £550 billion of goods and services to countries around the world in 2016, which suggests the export market is in a healthy state. But it might surprise you to learn just where the majority of those exports ended up – the UK exported more to non-EU countries like the US, China, UAE and Switzerland, than to those nearer-neighbours like Germany, France and the Netherlands.
This infographic from World First’s World Account has the full story…
ConferenceCall.co.uk’s guides to exporting
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Our conference calling service has low-cost local dial-in numbers for 72 countries, more than any other conference call provider, and we provide invaluable guides to exporting to countries ranging from Argentina to Ukraine. Check out our guides to exporting here.
Do you think Brexit will be a disaster for UK trade? Or will it finally offer the freedom to shape our own trade deals? Let us know in the comments section below.