Impact of Trade Deals on UK's Global Economy

GLOBAL ECONOMY

Table of Contents
INTRODUCTION...........................................................................................................................3
Task..................................................................................................................................................3
CONCLUSION................................................................................................................................8
REFERENCES................................................................................................................................9

INTRODUCTION
Global economy is defined as the economic activities conducted to approach the
operations of the country. This project will discuss the various aspects associated with global
economy. Henceforth, report will be given an emphasis over UK trade in comparison to the rest
of the world. Some specific trade deals in relation to the United Kingdom with the rest of the
world will also discuss in this project. The impact of the trade deal over the United Kingdom will
also be a part of discussion in this project.
Task
United Kingdom is among the most significant economic destination at the global level.
The trade partner is defined as country's import and export and its contribution in the overall
economic development of the respective nation. The trade pattern further include the volume of
the trade of the country with the rest part of the world. The statistics clearly demonstrate that in
2019 te country has accounted to 43% of the total value of good and services has been exported
from outside the country. This is a massive number in respect to a developed nation which
demonstrate that the country is adjusting majority of its need from outside the part of country.
This is a great number associated with the United Kingdom as it is exporting of the overall
requirement attached with the goods and services of the country from any other country. Export
is the need or every country and in context top the 43% of the value of export which clearly
indicate the fact that country is fulfilling majority of its need from other country (Cingolani,
Iapadre and Tajoli, 2018). Export demonstrate as a fact that country is the fact that country is
well sufficient to meet its requirement along with offering its products to other part of the world.
The export support the country to bring foreign currency in the country. This is a crucial
advantage associated with United Kingdom that indicate the fact that in the overtake growth and
development of any country export play a crucial role. Country is currently exporting its good
and services at all different location at global level which include India, Japan, Rusia, United
States and all other countries at a global level. United Kingdom is exporting its automotive in
majority of its number. Along with car gas turbine is also the one that export in majority of
number by the country. Crude petroleum and gold is another suitable process that require for the
country to export to all different countries. The key advantage export provide is to support the
overall growth and development need of the entire country. The exchange of foreign currency is