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Wednesday 12 October 2011

UK 'is trading its way to recovery'

The UK is currently boosting its chances of recovery by increasing trading with international markets and creating new roles to help fulfil this aim, it has been claimed.

A new report by HSBC shows that the UK is set to increase its international business activity by 60 per cent in the coming years, with British businesses expected to increase their import and export activity from current levels of $933.7 billion (£591 billion) to $1.36 trillion by 2025.

The forecast anticipates a near-term growth in international trade of 4.48 per cent a year over the next two years, above the global average of two per cent, with the way in which British businesses take advantage of their skills in highly-specialised innovative manufacturing determining how strongly growth will be driven.

Ian Tandy, head of trade and supply chain at HSBC UK, said trading internationally is "critical" for British businesses who want to remain competitive in the future and they will need to create new roles, such as sales jobs, to achieve this.

"Tapping into the new global supply chain and considering partners outside of British borders is just one tactic for businesses competing on a global stage," he added.

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Posted by John Oak and Wayne Bly ADNFCR-1617-ID-800756772-ADNFCR

Source: The Sales Director News

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