East’s ex­port­ing ef­forts lead way out of re­ces­sion

The Peterborough Evening Telegraph - - EtBusiness Daily -

BUSI­NESSES from the East of Eng­land are help­ing to lead the coun­try to eco­nomic re­cov­ery with the sec­ond high­est growth in ex­ports to the EU com­pared to other UK re­gions.

The lat­est in­ter­na­tional trade statis­tics is­sued by HM Rev­enue & Cus­toms show that of the 12 UK re­gions, only London had a higher growth in trade to the EU, which is the UK’s biggest ex­port ter­ri­tory.

The quar­terly trade fig­ures to March 2010 show that our re­gion’s ex­ports to EU coun­tries are up by £94.5 mil­lion (year to date) to £12.6 bil­lion, and up 15.2 per cent to £3.2 bil­lion when com­pared to the same pe­riod last year.

The re­gion now ac­counts for 10 per cent of all UK ex­ports to the EU and nine per cent of to­tal ex­ports world­wide.

East of Eng­land ex­ports to non-EU coun­tries are also up, com­pared with the same quar­ter in 2009, with the re­gion en­joy­ing a 4.8 per cent rise to £1.98 bil­lion.

Ac­cord­ing to UK Trade and In­vest­ment, re­gional com­pa­nies are in­vest­ing 39 per cent more in­ves­ti­gat­ing new over­seas mar­kets when com­pared to the same pe­riod last year.

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.