UK exports to Spain up 35pc
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INTERNATIONAL Road hauliers may now be looking more to Spain for traffic despite return load problems.
Britain's manufactured exports to Spain increased by 35 per cent in the first quarter of this year compared with the same period a year ago-,. according to Paul Channon, Minister for Trade.
British companies were being quick to seize new opportunities now emerging in Spain and were alive to the increased possibilities which would open up following Spain's EEC accession.
The Treaty of Accession when signed will bring Spain and Portugal into the EEC from January next year.
Mr Channon said "Spain's advantage of a sheltered home market will begin to he eroded relatively quickly under the accession arrangements, with Spain's import duties on industrialproducts being more than halved within three years of accession and the present quota restrictions being liberalised immediately on many industrial goods."
Given the growth in British exports to Spain since 1982, Spain will shortly become one of our top 10 export markets, Mr Channon added.