The UK Is Losing Its Export Market Worth £10bn To Emerging Economies
As per the report made by Standard Chartered, annual exports of the emerging countries like India, Pakistan, China, Bangladesh, Nigeria, Indonesia and Vietnam and are worth £24bn at present.
On the other hand developed country like UK is lagging behind. A few banks clam that this statistics are lesser than the reality. The export value is in reality might be £34bn a year. Standard Chartered suggests UK to plan its policies accordingly.
SC head of trade for Europe and Americas, Michael Vrontamitis said that with Brexit in hand and slowing pace of UK’s growth, the country need to think widely.