Importance of EU trade deal emphasised by Cities Outlook 2017 report | 02.02.17
Centre for Cities annual health check on the UK’s largest city economies, Cities Outlook 2017 report has been published today and highlights the importance of European trade for Devon.
The report focused on the geographical and industrial make-up of UK city exports and found that all but one British city sells more exports to the EU than anywhere else in the world.
Cities Outlook 2017 echoes Devon Chamber of Commerce’s findings which are that more than 60% of the County’s exports go to Europe. Clearly in Exeter and Plymouth this figure is even higher. It reflects the good connectivity that the County has with the European market and the many investments that have been made here over the last thirty years by companies attracted by grants and incentives and the quality of the area to serve European markets. It is therefore vital that the Government makes achieving a tariff free and regulatory free deal with Europe post Brexit.
Devon Chamber of Commerce has sent a letter to Prime Minister Theresa May emphasising this point.
George Cowcher, CEO of Devon Chamber of Commerce said: “Jobs and the health of this County’s economy depends on barrier free access to Europe. Seeing this must be the Government’s highest priority.”
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