The news comes just days after we reported that the City of London Corporation had described the city as a ‘natural Western end’ of the BRI. Photo credit – Pixabay
China and UK are ‘natural partners’ on Belt and Road – International Trade Minister
The UK’s International Trade Minister, Liam Fox, has published his aspirations for the future of trade between China and the UK.
Originally published in The Telegraph, and re-published on the UK government website, Mr Fox’s words were particularly positive about President Xi Jinping’s Belt and Road Initiative (BRI):
”China is spending 1 trillion dollars across the world on improvements to trading infrastructure as part of the ‘Belt and Road’ programme.
The initiative is at the heart of China’s drive to continue its rapid development and involves investment in infrastructure projects throughout Asia and central and eastern Europe. New airports, railways and ports will strengthen international links and create vast new opportunities for trade and investment.
The United Kingdom is China’s natural partner in this endeavour. Why? Just look at the global reach of the UK’s largest banks, financial institutions and professional services firms.
They have formidable emerging markets expertise, as well as experience in areas such as law, green finance and providing professional advisory services delivering international infrastructure projects.
All this makes UK firms the ideal partner to ensure projects along the Belt and Road routes are cost-effective, sustainable and delivered to the highest possible standards.”
The news comes just days after we reported that the City of London Corporation had described the city as a ‘natural Western end’ of the BRI.
That description came in a report which called on UK banks to play an enhanced role in financing the modern Silk Road.
The report was clear about the impact that the BRI will have:
”Touching 65 countries, 64% of the world’s population and 29% of the world’s GDP, the BRI stands to transform global connectivity and trade… The UK has been a strong advocate of the BRI since its announcement, and joined the Asia Infrastructure Investment Bank (AIIB) as a founding member.”