Britain Wants To Strengthen Trade And Investment Relations With Emerging Markets

The British government released 9

The white paper analyzes the trade and investment relationship between Britain and major international partners one by one, stresses the importance of strengthening multilateral trade, and on the one hand, continues to deepen its partnership with traditional developed markets such as the European Union, the United States and Japan. On the other hand, it must actively increase trade and investment exchanges with emerging markets, and benefit from the rapid development of emerging markets.

The white paper says that although the trade between the UK and emerging economies is increasing, its growth rate is still lagging behind the trade development of many other developed countries and these emerging economies.

The gross domestic product of the eight emerging economies is now basically the same as that of the United States, but in 2009 Britain exported only 1/3 of its exports to the United States.

Therefore, the white paper believes that there is still room for development in trade and investment between the UK and the emerging economies.

The white paper says that although China is Britain's largest trading partner outside the European Union and the United States, exports to China accounted for only 2.4% of British exports in 2009.

It believes that China's gradual adjustment to the domestic demand economy will create a great deal of trade and investment opportunities for the UK.

British Trade and investment minister Stephen Green said at a news conference the day that Britain was eager to increase bilateral trade with China and also hoped that more Chinese enterprises would invest in the UK.

The white paper also provides guidance for small and medium-sized enterprises in the UK to increase exports and foreign investment, and indicates that the British government is determined to further open its domestic market to attract foreign investment.