Exports bypass Europe

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Exporters are trying to sidestep stagnation in Eurozone markets by increasingly targeting opportunities for trade in the wider world, according to Barnsley and Rotherham Chamber of Commerce.

Commenting on a £1.4 billion reduction in the UK trade deficit, Chamber policy and representation adviser Dominic Beck said: “Unusually, UK exports to non-EU countries were higher than exports to the EU. This shows that exporters are adjusting to a global reality, as growth in the eurozone continues to stagnate, and the main opportunities for our exporters will remain outside Europe.”

Mr Beck highlighted the increase in export documentation being processed by South Yorkshire International Trade Centre and called on the Government to help local exporters to compete globally.

“British exporters have huge untapped potential, but they need the Government to do more to help them compete globally,” he added.