UK trade deficit increased in May amounting to 9.9 billion pounds, half a billion more than April's figure, according to the Office for National Statistics (ONS). Exports from the UK fell by 8.2% in May compared with the previous month, while imports plummeted by 4.7%. Meanwhile, the expansion of trade relations with rapidly developing countries is one of the key objectives of British policy after the referendum on June 23 when residents voted in favor of withdrawal from the EU. 



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