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agenda
English-speaking nations such as US and Canada are the second most likely target markets to be approached, followed by the Middle East, Asia, Russia and Eastern Europe.
Yet of all the potential markets for UK exporters, China seems to hold the greatest opportunities. PricewaterhouseCoopers estimates China will become the world’s largest economy within the next 20 years.
“China represents the biggest source of demand in the world for many of the products that we in the UK have to offer,” said Business Secretary (Continued on page 15...)
WHY IT’S GOOD TO EXPORT...
• Achieve levels of growth not possible domestically
• Increase the resilience of revenues and profits
• Achieve economies of scale not possible domestically
• Increase the commercial lifespan of products and services
• Increase the returns on investment in R&D
• Improve financial performance
• Improve productivity
Source: Grow Your Business Globally, UK Trade & Investment
springboard: | page 14
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