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International Trade Secretary heads to
CIIE, China’s seminal international trade show
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UNCTAD report indicates UK
2nd best destination in the world for FDI in first half
of 2018
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‘Golden Era’ of UK-China relations
alive and well as trade grows to more than
£65bn
The International Trade Secretary, will attend China’s biggest
international import show alongside a 50 strong UK business
delegation, beating the drum for UK businesses during the
inaugural China International Import Expo (CIIE).
Taking place in Shanghai from 5-10 November, Dr
Fox will push for British firms to secure tens of millions of
export wins and investment throughout the show.
He will hope to build on the recent success
highlighted in the UNCTAD report, which indicated the UK achieved
the second highest level of FDI in the world during the first six
months of 2018.
Championing UK business, Dr Fox will tour the UK
Pavilion in China as it showcases world-leading companies such
Jaguar Land Rover and British Airways, as well as promoting a
range of sectors popular in the Asian market such as healthcare,
education and the creative industries.
International Trade Secretary MP said:
“As we leave the European Union, we have a once
in a generation opportunity to put the UK at the centre of the
world’s fastest growing market - and increasing trade with China
is at the heart of this vision.
“Greater global trade links not only deliver a
better deal for consumers and businesses but create jobs for
people back in the UK. Whether you are an armchair exporter or a
growing firm looking for international investment – this event
will help drive prosperity in the UK.”
The theme of the Pavilion is Innovation
is GREAT and will include cutting-edge Virtual Reality
and Augmented Reality technologies from ground-breaking British
companies such as Mi Hiepa Sports, who promote Global Elite
Football VR - a market leading VR training & cognitive
development tool for elite football, which is already used by
world leading football clubs.
Over recent months China has started to open up
its markets for UK goods and services, including dairy products,
potatoes and petrol stations. DIT’s presence at the show will
help create even more exciting opportunities for British
companies.
The International Trade Secretary will be joined
by the Minister for Trade and Export Promotion and HRH The Duke of
York.
The UK, which has been named a “Country of
Honour” at CIIE, is seeing the event as a major opportunity to
grow bilateral trade which is already worth more than
£65bn.
FURTHER INFO:
The UK’s presence at CIIE will feature
revolutionary technology and industry best practice from a range
of sectors including healthcare and life sciences, financial and
professional services, creative industries, energy and mining,
ICT, education, aviation, FMCG and sports.
This includes companies such as WorldFirst,
ACCA, Lloyds Bank, Alibaba Cloud, the University of Buckingham,
Rio Tinto, Baosteel and Anstee, GSK and Boots, as well as:
· BP
who have been operating in China since the early 1970s and are
one of the leading foreign investors in the oil and gas sector in
China
· HSBC
who will showcase the bank’s heritage in China and its central
role in linking China with the world through trade and
investment
· Global
healthcare company GSK, who are fostering exchange between
Chinese and British universities in the fields of health and
economy, and developing advanced medical solutions that are most
relevant to Chinese patients
