India May Be The World's Fastest Growing Exporter By 2030

By 2030, China is expected to increase its overseas shipments five-fold as it strengthens commercial ties to emerging Asia, the Middle East and North Africa. According to the Trade Confidence Index, the UAE remains firmly positive about increasing trade activity over the next six months.

The country ranked third out of the 23 countries surveyed. 47 percent of respondents believe trading volumes will increase 'slightly' over the next 6 months, and another 16 percent believe the increase in trade volumes will be 'significant'.

An increase in demand - either globally or in key markets - is cited as the basis for this increase by around 45 percent of respondents

.Globally, world trade is set to resume its growth trajectory in 2016, presenting fresh opportunities for businesses that have positioned themselves to benefit.

The Index showed that 65 percent of businesses surveyed reported current trade activity with these regions while 75 percent believe that Asia or Middle East and North Africa will have the best opportunities of growth over the next 6 months.

"UAE importers will continue to have their main focus on Asia and intra-regional trade as well. It will be these markets that prove to be the fastest growing corridors for the country's long term import growth," said Evans.

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