I enjoyed this article, an excerpt I copy below
The fact is that, from a historical point of view, Britain has always cherished its foreign diplomatic, political and economic ties with overseas governments. It stems from its political and economic engagements which originated during the colonial era both in Asia and Africa.
Strong trade ties with EU
However, the raw data from the main statistical office in London shows that the trade with the countries of the EU have been generating substantially larger amount of revenue for the British companies than the trade with overseas markets.
For example in November 2012, the UK exported goods to Germany amounting to £3,151 billion, £1,970 billion to France, and £1,207 billion to Belgium and Luxembourg, while trade with China in November saw exports rising to only £835 million in value terms, £420 million with Japan, £262 million with Canada, and only £232 million to South Korea.
Tory MP Douglas Carswell further argues that there is a massive “pull of capital and output to Asia, Africa and the Americas and that to compete the “UK needs to change its relationship with the EU as part of a wider, global realignment of trade relations.” This may be true from a longer perspective. However, Britain should also consider how volatile the political, social and economic environment has been in the countries of South-east Asia, or Africa, and how little political influence it has over those countries, compared with how strong the British voice has been inside the EU.
WBP Online - How much is anti-EU politics a gamble for Britain? - WBP