Mandelson Reveals How to Lift Exports by Pounds 27bn

Western MailMarch 11, 2011

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Summary


BRITAIN could boost its exports by pounds 27bn if it increased its share of trade with four of the world's fastest growing economies, former Business Secretary Lord Mandelson will say today.

Lord Mandelson will cite findings from the Institute for Public Policy Research suggesting UK exports to China, Russia, India and Brazil - the so-called "BRIC countries" - are lagging behind the rest of the world. If Britain could increase its exports to the BRIC countries to match its share of global trade it could close an "export gap" worth pounds 19.8bn with China, pounds 3.2bn with India, and pounds 1.8bn with both Russia and Brazil, the think tank found.

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Mandelson Reveals How to Lift Exports by Pounds 27bn

In a speech in London, Lord Mandelson is expected to say: "Britain's place in the ...

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