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MP’s Export call

SDLP South Down MP Margaret Ritchie has called upon British Chancellor George Osborne to initiate action to insulate the North’s economy from the volatile Chinese markets. The Chinese market is seen as key market for exports for Northern Ireland. As Ms Ritchie fears that market volatility could threaten the developing relationship. She said: “The dramatic volatility within the Chinese Stock Market is a serious concern for European markets and poses a real threat to some of our indigenous industries. The rapid economic expansion of China has made it an attractive trading partner especially as an emerging market for our growing Agri-food industry, including pork and poultry products.” The MP called for robust measures from Mr Osborne to counteract potential market instabilities: “It’s important that the Chancellor works with Enterprise Ministers in the developed nations to insulate our regional economies from the current volatility in the global market. That means developing robust export strategies that will enhance trade routes with foreign markets. The recovery in Northern Ireland is extremely fragile. It’s important that we all work to protect and enhance it.


Newry Democrat

8th September 2015