Commonwealth Offers to Help U.K. Navigate Brexit Shock via Trade
- U.K. is fourth most important market for group of 53 nations
- Botswana, Bangladesh most at risk if U.K. economy suffers
This article is for subscribers only.
Countries that once helped form the British Empire can help support the U.K. economy through its transition away from the European Union, according to a report by the Commonwealth.
The study released on Wednesday estimated the U.K. to be the fourth most important market for the 53-member Commonwealth’s exports. It warned that Botswana, Seychelles, Belize and Bangladesh could suffer particularly if the British economy stumbles because it accounts for more than 10 percent of their foreign shipments.