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Great Britain Expands Its Export Markets FruchPortal

23. April 2021

After the country leaves the European Union (EU), British traders want to explore export opportunities beyond Europe. Many business deals signed since the Bexit end offer this opportunity. The Fluctuations in the currency markets lead to the weakening of the national currency (GPP) and the depreciation of exports.

Image source: Potatoes
Image source: reported that this could change rapidly with increased exports. Numerous trade agreements signed will allow British traders to explore export opportunities beyond the EU, particularly China and Cuba.

Great Britain (GB) recently signed an agreement with China to export seed potatoes. According to Glen Uniake, Managing Director for International Payments at Mancorp, China, which has a high demand for French fries and chips, is likely to have the greatest potential in the market as it is the world’s largest buyer of potatoes.

Another interesting market is Cuba, which imports about 17,000 tons of seed potatoes from various countries. Cuba considers the quality of British products to be good, and this market is likely to grow rapidly.

In addition, the trade agreement concluded with Canada should allow exports of British dairy products to increase. Further trade agreements with Algeria, Saudi Arabia and Tunisia should allow British barley exports to grow significantly.

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Release Date: 04/23/2021