The Transport SectorAccording to the European Commission the transport and storage services accounted for around £460 billion in Gross Value Added (GVA) in 2012, making for about 5% of total GVA in the European Union. The transport sector also employs 5.1% of the European Union’s total workforce. Although the transport industry was influenced by the recent economic crisis, the industry’s growth has not been threatened. It has successfully maintained positive figures, and a growth rate of 37 % is expected between 2012 and 2016. The development of transport infrastructure is a significant target of EU investments and more than £7 billion has already been spent on infrastructural projects in the last 5 years. The UK Department for Transport also forecasts positive future growth of the transport industry, which is mainly based on four key factors:
- A rise in population is expected, meaning that there will be more people choosing to travel for business and personal needs, and more transportation of goods and services
- Further economic growth will increase demand for goods and services
- With the introduction of new technologies and recent oil discoveries in Australia and Brazil, fuel costs are expected to fall by 7% between 2010 and 2040
- The UK’s government plan to significantly update current road network
Breaking down the language barrierWith growing numbers, going international today seems like a great choice with a lot of potential. If you want to expand across the border, communicating in the right language is a key factor. Hiring a professional translator is the safest way to break down the language barrier and gain entry into any foreign transport market.
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