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Emerging Europe: A GREAT Place for British Business - Automotive-

Emerging Europe: A GREAT Place for British Business - Automotive-. 1 . Why Automotive?.

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Emerging Europe: A GREAT Place for British Business - Automotive-

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  1. Emerging Europe: A GREAT Place for British Business - Automotive-

  2. 1. Why Automotive? The UK’s automotive sector is one of the most advanced and fastest growing in the world. There are GREAT opportunities for Polish and British companies to work together to deliver high quality products and engineering in the UK. • A message to companies in the UK about the region. • To let them know about the regions’s advantages and successes. Top Gear Live Webinar, Warsaw

  3. 2. Emerging Europe? A region stretching from Austria to Romania, from Poland to Croatia All stable market economies Parliamentary democracies All EU members 110 million consumers; GDP just over £1 trillion Top Gear Live Webinar, Warsaw

  4. Average annual GDP growth forecast (%) • 2010-2020 2020-2030 2030-2040 • CEE Average 4.7 4.2 3.8 • Dev. World 1.8 1.8 1.9 • Asia 5.8 5.1 4.7 • Lat. Am 4.9 4.5 4.1 • Source: HSBC The World in 2050 3. Sustainable medium-term growth, on a par with other Emerging economies Top Gear Live Webinar, Warsaw

  5. 4. Easy and inexpensive to access, • English widely spoken • Expedia return flight costs and flight times: first week of June 2013 • Gatwick-Prague £139 2 hrs • Gatwick-Budapest £152 2 hrs 25 mins • Luton-Warsaw £125 2 hrs 25 mins • Heathrow-Sao Paolo £801 14 hrs 50 mins • Heathrow-Beijing £561 11 hrs 40 mins Top Gear Live Webinar, Warsaw

  6. 5. A proven, growing market for UK business UK exports to Emerging Europe increased by £2 billion in 2011: on a par with China, India and Russia Top Gear Live Webinar, Warsaw

  7. 6. Main challenges • Outdated perceptions of the region among business in the UK • Transparency • Bureaucracy • Strong and increasing competition Top Gear Live Webinar, Warsaw

  8. 7. Doing Business in Emerging Europe Ease of Doing Business Corruption Perceptions World Bank Ease of Doing Business Survey 2013, rankings 1-185 Transparency International Corruption Perceptions Index 2012 – rankings from 1-174 Top Gear Live Webinar, Warsaw

  9. 8. A competitive marketplace • The UK barely manages 3% of Emerging Europe’s total imports. • Source of imports – 2011 Source: CIA Fact book Disappointing…but a real opportunity! Top Gear Live Webinar, Warsaw

  10. 9. CEN: Driving growth in Emerging Europe Emerging Europe GREAT Campaign: 5 markets and strategic sector promotion to raise the UK business profile to regional business New British Business Centresin Poland and Romania to be launched this year Access to the region through www.ukti.gov.uk/emergingeurope and emergingeurope@fco.goc.uk • 61 UKTI staff, experts of markets and sectors, across the region focused on trade development. Full range of UKTI support services. Top Gear Live Webinar, Warsaw

  11. 10. To Sum Up, Emerging Europe offers: • Access to 110 million consumers • Sustainable medium-term growth • Export growth on par with China, India and Russia • Easy and inexpensive access • Good business opportunities for UK businesses • The region is underexploited by UK firms. • If the UK managed to achieve 50% of our peak market performance in established EU markets, UK companies could expect to achieve an additional £50 billion of business with the region by 2020. Top Gear Live Webinar, Warsaw

  12. Thank you for listening.

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