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UK's non-EU partnerships are growing

Posted on Monday, October 7th by

As we are getting closer to the 31st of October, all evidence points towards the UK growing its non-EU partnership with both USA and China.  Exports to non-EU countries are increasing faster than those to the EU, living proof of this being the trade with the USA exceeding  £200 billion for the first time.

The trade figures from the ONS show an increase of  4.2% in the exports outside of the EU, in comparison to a rise of 1.6% to EU countries. Goods exports to USA moved up from £115.7 billion to £126.4 billion.Moving to China, it is noticeable that the consumption of UK goods and services has risen with 13.9%, from £20.8 billion to £23.7 billion.

As the Rugby World Cup is in progress, UK export to Japan has increased considerably, moving from £13.1 billion up to £14.3 billion. Companies such as Harrod Sport and Sports Travel Hospitality saw this opportunity as the perfect chance to export their goods and services to Japan, becoming the exclusive providers of sports hospitality for Rugby World Cup 2019. Regarding the partnership between the UK and Japan, Liz Truss said: ''Businesses are already making the most of opportunities such as the Rugby World Cup to take their products to market abroad.''Trade secretary Truss also added that overseas leaders are excited to finally have Britain as a partner ''They know there are fantastic British products that they could get that they’re not getting at the moment''.

 Australia is also ready to start a trade partnership with UK after the Brexit situation is settled. Regarding the visa, the High Commissioner George Brandis said ''There are different visa categories and different visa restrictions that it would be good to see relaxed.”  He also added “The thing about free trade agreements is that you start from the proposition that the wider the access the better''.

Source: Gov.uk , Express.co

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