1 minute read
The North Sea Logistics
In The View Of UK
The United Kingdom was founded on trade, and its economy has traditionally been dependent on products passing through its ports. Increased commerce with Europe, but especially with the bright emerging markets of Asia, the Americas, and Africa, is critical to the UK’s future success. These are the locations where we will discover brand-new opportunities, while the UK continues to value its commercial partnerships with countries closer to home.
Advertisement
Of obviously, ports are essential for trade. Ships transport 95% of all products imported and exported in the United Kingdom. Ports are the entrance to the UK and its trading partners, carrying around 500 million tonnes of freight and directly contributing £23 billion in commercial turnover, £8 billion in GVA, and over 100,000 jobs.
As ports aim to build on current linkages with Europe, those that rely on trade with the EU are just as much of a focus as those that trade with countries further afield. However, the port sector and residents of port communities recognise the enormous opportunity that currently exists.
The purpose is to ensure that the communities surrounding ports benefit from the wealth that flows through them. For everyone who works or lives in the major port towns and cities, investment must imply better jobs and a better quality of life. Coastal regions around the UK have enormous potential, with a dedicated workforce and a strong desire to establish new international connections. Increasing international commerce gives a critical chance to bring growth, new investment, and high-quality jobs to regions across the United Kingdom, unleashing the potential of these critical locations that are critical to the country’s future success.
Britain’s future is as a bold, globally successful international trading nation at the heart of the glob- al economy and the world’s free-trade hub. Ports must and will play an important role in this scenario.