Chart of the week: Britain’s export gap with the BRICS

Will Straw writes:

Sky News and the Financial Times report that Peter Mandelson will later today outline a £27 billion export gap with the BRIC countries (Brazil, Russia, India and China). The finding comes from a piece of research that my colleagues Sarah Mulley, Amna Silim, and I have done for ippr on the future of globalisation and Britain’s place in the global economy.

The chart below – part of a presentation to be made later today by ippr Director, Nick Pearce, prior to Peter Mandelson’s keynote speech on globalisation – shows the actual volume of Britain’s exports to the four BRIC countries compared to the potential volume if export performance matched Britain’s global share of trade.

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Below the fold, recent(ish) trade news from The Gabber:

UK trade policy ‘a threat to poorest countries’ :. One World UK – 12:17 February 10th 2011
India. Foreign Investors’ Paradise: The Devastating Impacts of the EU- India Free Trade Agreement :. Global Research Canada – 17:44 February 1st 2011
The Real Battle With China: Goldman Sachs versus American Workers :. Center for Economic Policy Research US – 19:45 January 24th 2011
Failure in waiting: Harper’s hand on the China-U.S. currency dispute :. rabble.ca Canada – 9:40 November 16th 2010
APEC summit ends with drift toward trade war :. World Socialist Web Site US – 2:33 November 16th 2010
Mystifying the Crisis: Deadlock at the G20 :. CounterPunch US – 2:24 November 14th 2010
G20 summit fails to resolve global trade, currency conflicts :. World Socialist Web Site US – 0:35 November 14th 2010
When China Exports, Everyone Pays :. Truthout US – 18:40 November 4th 2010
The Global Monetary System in Crisis: The Currency War Is Leading to a Trade War :. Global Research Canada – 13:28 November 3rd 2010

Related Articles

• Full transcript | Peter Mandelson | LSE | State capitalism and the social costs of economic change | 11 March 2011 (newstatesman.com)
• Mandelson To Reveal UK’s £27bn Export Gap (news.sky.com)
• Reorientate UK exports to Bric markets, urges Item Club report (guardian.co.uk)
• Brazil Leads BRICS in Export Growth-WTO (blogs.forbes.com)
• Eleven markets to watch after BRIC (theglobeandmail.com)
• The BRIC Self Sufficiency Index (businessinsider.com)
• BRIC countries gain more billionaires -Forbes (reuters.com)

Tags: BRIC, Peter Mandelson