Member Article

Britain’s main export market no longer EU

Figures from the Centre for Economics and Business Research (CEBR) suggest that Britain has exported more goods (1.5%) to countries outside the European Union for the first time since the UK joined the Common Market in the 1970s.

51% of British exports went to countries outside Eurozone between March and May, rose by 13.2%, compared with the previous year.

Due to the downturn of the EU economy, the UK companies exported more goods to fast-growing economies in Latin America and Asia.

The number of exporting to countries within the EU fell by 7.3%, Italy by nearly 20% and Portugal by 14.5%.

CEBR pointed out that ’’there are worrying signs that the EU will turn inwards in a way that makes it impossible for the UK to remain in membership.“

This was posted in Bdaily's Members' News section by Yu-Chih Lin .