Northern Lights: Export opportunities outside the EU
30Sep
Tony Hague, CEO of PP Control & Automation, explains why North America could be a hotspot for UK manufacturers that are keen to target new export opportunities outside of the EU. It might be a wise move, but compliance is key.
If 2020 hadn’t delivered enough challenges to UK manufacturing with the global onset of COVID-19, we now have the ugly spectre of Brexit and trade talks looming large on the horizon.
Politicians from either side are not exactly giving grounds for optimism when it comes to negotiations so far and the clever reasoning is that, like normal, industry will have to roll with the punches and make the best out of what potentially could be a very bad job.
The EU is, without doubt, our biggest trading partner, accounting for £300bn of exports in 2019 and 43 percent of all international trade. That is a massive market, but it isn’t the only market.
What many manufacturers will be doing is looking at alternative countries that offer new opportunities and are suited to the expertise, products and technology we deliver.
At the top of the list for consideration should be North America. Their cultural alignment and language go hand in hand with our own and they respect ‘Made in the UK’ as a brand, trusting our ability to deliver ingenuity and quality.
Read the full article in the October issue of PBSI
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