The CBI has submitted evidence to the International Trade Committee’s inquiry on UK trade with China. Covering topics such as; how the UK should approach its trade and investment relationship with China; and whether this should take the form of a Free Trade Agreement or the continued pressing of market access concerns to the Chinese Government, the inquiry is wide ranging.
Why is China important?
Focusing on the fact that UK trade with China has been growing by close to 20% year-on-year, the CBI submission stresses the importance of the UK’s economic relationship with China and the potential to grow services exports within the market.
How should the UK structure its economic relationship with China?
With regard to whether the UK should immediately look to sign a Free Trade Agreement with China, once trade is no longer an exclusive competency of the European Union, the CBI advised that in the short te