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News 66

UKTI regional-director urges North West firms to export

Businesses in the North West have been urged to explore export opportunities by UK Trade and Investment (UKTI) in the region.

Clive Drinkwater, regional director for UKTI North West, has encouraged companies to stay ahead of the game by investigating routes into Brazil, Russia, India and China, as well as expanding markets like Colombia, Indonesia, Africa, Eastern Europe and Qatar.

Mr Drinkwater commented: "In ten years' time world population will have grown by a further 1 billion people, almost all of that in emerging, high growth economies.

"With our current biggest markets experiencing the slowest growth rates, we desperately need to embrace the opportunities that exist in developing markets or risk being left behind.

"An ability to trade anywhere in the world will be a defining characteristic of the most successful business of the future, enabling them to reach many millions of potential new customers and we want to help companies achieve this objective.

"It is, therefore, very encouraging to see North West firms leading the way in tackling some of these growth markets but we need to do better still.

"Currently 7 of the world's top 10 fastest growing economies are in Africa.  In 10 years' time all of the top 10 fastest growing economies will be in Africa.

"Across the world, countries are experiencing levels of growth unattainable in Western Europe and we need to make sure we are sharing in that growth."

UKTI North West will be holding an 'Export Week: High Growth Markets' event between 13th and 17th May to boost the region's exports to expanding markets.

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Source - www.bdaily.co.uk

 

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