International trade . International Trade – Santander Trade Barometer
International Trade – Santander Trade Barometer
Article by Oxford Innovation | 23.10.2017
UK Businesses need greater support to achieve their international trading potential.
“The Barometer reports that the biggest barriers for those not currently trading internationally include: challenges in identifying opportunities in international markets, securing the right type of international representation and a need to focus on building a strong domestic customer base. Perhaps as a consequence, interest in trading internationally has declined amongst these businesses.
Nearly half (47%) of those not currently trading internationally report that they had considered doing so in the past three years. However, only 12% are continuing their plans to do so. Given the link between aspirations to trade internationally and business confidence in future growth and increased resilience, it is important that this interest is restored.”
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