Importance of Emerging Markets for Boosting Foreign Trade in UK

MKT744 GLOBAL
MARKETING AND SALES
DEVELOPMENT

Executive summary
International trade is the process which comprises exchange of products and
services internationally for trading with other territories, as due satisfying need or
want for the goods. Emerging markets for the country help in gaining potential
growth by meeting needs of various standards. Emerging markets provide various
opportunities to business and also various challenges to expand business into other
market to gain potential growth in existing business. By establishing business into
emerging markets provide various growth and investing opportunities for capturing
large market share with increase in revenues for business.

TABLE OF CONTENTS
INTRODUCTION................................................................................................4
MAIN BODY........................................................................................................5
Analysing Recent developments in UK in terms of international trade (Brexit and
Covid19).................................................................................................................. 5
Explaining Importance of Emerging Markets for UK in order to boost up foreign
trade.........................................................................................................................8
Challenges for UK to engage with Emerging Markets...........................................11
Opportunities for UK in emerging markets.............................................................14
REFERENCES.................................................................................................18

INTRODUCTION
International trade is the exchange of the capital, goods and services across
the international borders for the territories due to the need or want for the goods.
International trade between the different countries for the important factor in raising
the living standards for providing employment and enabling consumers to enjoy
different variety of goods. This is the ways in which advantages of the international
trade has provided the business with the expansion of their organization. Expanding
into another market decreases the level competition that the business has to face.
The growth of this international business can be considered to be the better risk
management for the organization and also provides the business with additional
customer base to work with. For a country like UK the international business are very
essential for their economy as they help the business with increasing their revenue.
This provides them fast growth, innovation and improvement in the
productivity. This is considered to be growth in the opportunities of the people for
benefiting the lower income of consumers. Emerging markets are the ones which are
developing in the current times for providing the economy with essential growth.
Some emerging marketing in during this period is the e-commerce businesses.
During Covid-19 the international organization faced issues which were related to the
lack of business. This downfall of the international trade has to be due to the lack
communications which can be established during this period. This project will explain
all the recent developments in international trade due to Brexit. In this project the
importance of boosting the emerging markets will be explained for boosting foreign