British factories are exporting more to the EU despite warnings that Brexit could chill trade with the bloc.
EU customers accounted for 52pc of trade last year, according to data from manufacturing lobby group Make UK and accountants BDO, up from 50pc in 2019.
The increase comes despite warnings that Brexit would be highly damaging for British manufacturers because it would make trade with the EU more difficult. A 2018 survey claimed that a fifth of manufacturers were planning to lay off workers as a result of Brexit.
Manufacturing trade with the EU jumped last year thanks to a rise in exports from Scotland, which sold more oil and gas industry equipment during the energy crisis.
Soaring oil and gas prices made some exploration projects that had been written off viable, prompting demand for equipment.
The Northern Ireland Protocol, the 2019 deal which kept the region inside the EU’s single market, was also credited with boosting trade.
The Make UK report said: “Northern Ireland enjoys a unique Dual Access position retaining access to the Single Market for goods and being able to trade goods freely into the rest of Great Britain, while in Scotland the oil and gas sector and its supply chains boosted exports to the EU during the ongoing Ukraine crisis.”
Read the latest updates below.
https://news.google.com/rss/articles/CBMiZmh0dHBzOi8vd3d3LnRlbGVncmFwaC5jby51ay9idXNpbmVzcy8yMDIzLzA3LzI0L2Z0c2UtMTAwLW1hcmtldHMtbmV3cy1ldS1tYW51ZmFjdHVyaW5nLWV4cG9ydHMtYnJleGl0L9IBAA?oc=5
2023-07-24 06:30:34Z
2268427471
Tidak ada komentar:
Posting Komentar