UK to boost exports to 35% of GDP

Omkar Godbole FXStreet Contributor

The British government is set to publish a new export strategy today, which aims to boost exports to 35 percent of the gross domestic product (GDP) and increase trade ties with the rest of the World, accorfing to Reuters.

Key points (source: Reuters)

The Department for International Trade, set up after the 2016 Brexit vote, said last year goods and services exported by British companies accounted for 30 percent of GDP.

“We are determined to support, connect and grow UK companies on the world stage through our international network,” British trade minister Liam Fox will say in a speech to a business audience in London, according to extracts released in advance.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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