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Positive Trade Outlook | BRICS Bank | DHL Express on Twitter

Positive news in the latest British Chambers of Commerce / DHL Quarterly International Trade Outlook

The newest Quarterly International Trade Outlook reveals highly promising results for April to June 2014 – both for the British and global economy. Export confidence is strong, especially among manufacturing firms, and the volume of trade documents issued by the British Chambers of Commerce increased again and stands at an all-time high. At the same time, Britain’s economy grew by 0.8 per cent in Q2, meaning that economic output now exceeds pre-recession levels. US and China’s economies have also grown by 4 and 7.5 per cent respectively. The British Chambers of Commerce projects that UK exports will grow by 1.9 per cent in 2014 overall.

The 2014 Q2 Quarterly International Trade Outlook also includes business case studies and destination profiles for Cambodia, Chile, Egypt, India, Mozambique and Taiwan. A global heat map shows which countries the European Union has Free and Preferential Trade Agreements with, and where these are under negotiation.


If you’d like to read the full report, it’s available here.

 


The New Development Bank: a BRICS equivalent to the IMF?

This July, the BRICS countries – Brazil, Russia, India, China and South Africa – took another step to establishing their independent development bank. Called the New Development Bank (NDB), the institution has an initial capital of US$ 50 billion, which will be used to finance development projects in the BRICS countries and eventually other emerging and developing economies.

Read a detailed review of why the NDB was set up and the implications for the global financial landscape here.

It’s also worth pointing out that BRICS isn’t the same as BRIC – while BRIC is a term coined by Goldman Sachs in 2001 to describe the global economic shift away from the G7 and towards Brazil, Russia, India and China, BRICS is an international organisation founded by the four countries in 2006 (South Africa joined in 2010) as a forum to develop their political and economic relationships.

 

Drive your global trade – follow DHL Express UK on Twitter

To stay up to date with the latest international trade news, connect with influencers and discover new ways to grow your global business, follow DHL Express UK on Twitter @DHLExpressUK.

Throughout the day, our team monitors the news to make sure that our followers don’t miss any important information and developments. This includes updates on new legislation and regulations that will affect exporters and British businesses and emerging international market opportunities. And if you want to tap into advanced international trade knowledge, the DHL Express UK Twitter network includes thousands of British traders and experts such as UKTI and Chambers of Commerce across the UK and the world. If you don’t yet have a Twitter profile, it’s easy – just sign up here.

 

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