Exporting 'key to UK emerging from downturn'

Exporting to emerging economies is one way the UK can recover from the current financial crisis, according to one investment expert.

Michael Baxter, editor of Investment and Business News, said it is ’verging on pathetic’ that the UK’s trading partners have remained largely unchanged over the centuries.

His comments may be of interest to those who have been considering investing their personal wealth in enterprises that trade with overseas partners.

’We really need to act on this. Our exports [to India] have increased by 50 per cent since 2000 - but we could be making better use of that,’ Mr Baxter remarked.

He added that the ’only way’ the UK can recover is by exporting, but this may be troublesome as it is a tactic being adopted by ’every country’.

Statistics on overseas trade published by UK Trade Info earlier this week showed the UK exported £9.4 billion in trade-in-goods to non-European Union countries during February, up from £6.7 billion in the previous month.ADNFCR-2318-ID-19725668-ADNFCR