Booming Brexit: UK firms plan more trade with the EU
MORE than a third of UK firms hope to step up trade with Europe over the next five years despite uncertainty caused by Brexit, a study shows.
Farage urges May to sign US trade deal without EU consent
The British Chambers of Commerce (BCC) survey of 1,500 business people found one in three planned to put more resources into exporting and importing goods and services.
The organisation called on more Government support for exporters to do business with the world.
Dr Adam Marshall, BCC director general, said: “Although the likely outcome of the Brexit negotiations remains unclear, businesses still see Europe as a primary market.
UK firms are stepping up their trade efforts within the EU market
“UK firms want tariffs, costly non-tariff barriers, and product standards to be at the top of the Government’s agenda for a future EU trade deal.
“The best news from this survey is that the EU referendum outcome has sparked a greater interest in foreign markets.
“For that very reason, UK companies need sustained, tangible and practical export support.”
Although the likely outcome of the Brexit negotiations remains unclear, businesses still see Europe as a primary market
Britain could sign major trade deals with South Korea, America and Brazil before 2020, WPI Economics has claimed.
The countries were identified as having the greatest potential by its Trade Prospects Index.
Matthew Oakley, economics director at think tank, said that to do so, the Prime Minister must first “prioritise which countries offer the most potential”.