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Follow on Google News | Unique New Tool Reveals Comprehensive Picture of Global TradeHSBC Commercial Banking in Europe has unveiled a new online trade tool that tracks the world’s trading patterns to help businesses identify future international opportunities specific to their sector.
By: HSBC PLC • percentage of world trade; showing how a country ranks in trade importance • top ten trading partners, split by sector; so businesses can identify which countries hold the most opportunities for them • imports and exports, valued in US$bn, to each of its top trading partners; demonstrating the most potentially valuable relationships for businesses to build For example, the tool shows that in 2009 Germany accounted for 8.2% of world trade, exported $113bn worth of goods to France but faced the greatest competition in its chief export, motor vehicles, from Great Britain, the USA, Italy, France and China. Mark Emmerson,Head of Trade and Supply Chain Europe, HSBC commented: “An increasing number of companies, from more countries and sectors than ever before, are trading internationally. The unique trade tool has been specifically designed to help distil complex information into a user-friendly format, and will allow businesses to explore the world’s changing trade patterns and further their understanding of how businesses in their particular sector are performing around the world. The new resource is part of the bank’s trade connections campaign to provide European businesses with the insight and knowledge they need to maximise potential overseas opportunities. Next month, HSBC will take 30 of Europe’s leading businesses on a Trade Exchange to Shanghai, where European and Asian business leaders will gather to explore the immense trade potential already evidenced in China, and discuss how European businesses can best redefine their business plans in a global context. Mark Emmerson added: “Naturally, this shift to a more globalised outlook presents both challenges and opportunities for firms looking beyond the boundaries of their domestic market; through the Trade Exchange HSBC will bring together some of the best business thinkers and entrepreneurial leaders to help European businesses understand the way the world is changing and how they can benefit. The trade tool can be accessed via the HSBC Trade Connections’ Media enquiries to: Lucinda Devine / Nick Pickles Consolidated PR 020 7781 2300 LucindaD@consolidatedpr.com NickP@consolidatedpr.com # # # HSBC Trade Connections provides a range of information for businesses looking to do business internationally, in particular with emerging markets. Which is a great way to meet and network with like minded businesses. End
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