trade overseas

40% of Small Businesses to Trade Overseas in 2011

Four out of ten small businesses are planning to trade overseas next year, research from O2 has revealed. The survey of 500 business owners in November 2010 found that 40 per cent were looking to trade abroad for reasons including better prospects for growth in foreign markets, a lack of UK customers and the weak value of sterling. O2 spokeswoman, Daisy Swan, said that the figures included firms that would sell to overseas customers through their websites. “Many of these firms will stay in the UK but utilise their contacts online to take opportunities abroad, due to advances in technology,” she said. “They don’t necessarily have to have a base out there.” John Lucas, trade policy adviser for the British Chambers of Commerce (BCC), agreed that more small businesses w... »