Britain committed to free and open trade, Hammond tells China

BRITAIN is committed to promoting free and open trade. He indicated that he hopes to take advantage of the “unlimited opportunities” that the initiative of China’s Belt and Road Initiative brings, UK Finance Minister Philip Hammond wrote in Chinese financial magazine Caixin on Wednesday.

Mr Hammond is visiting Beijing this week, the latest instalment in long-running economic talks between the two countries, which have taken on new importance for Britain as it looks to reinvent itself as a global trading nation after leaving the European Union in 2019.

His trip also comes against the backdrop of increasingly fraught trade relations between China and the United States, with Beijing accusing Washington of protectionism and each levelling tariffs and threats of more at each other.

 

June 28, 2018

Read more here: https://www.businesstimes.com.sg/government-economy/britain-committed-to-free-and-open-trade-hammond-tells-china