Agreements of 17.5 billion euros between China and Britain

Britain-China
Britain-China

Commercial and business deals worth 17.5 billion were signed by China and the UK as stated by the British Prime Minister David Cameron in a joint press conference in London with his Chinese counterpart Li Keqiang. It is a partnership of development, reform and innovation, said Cameron, who emphasized the attractiveness of the UK economy in relation to the country’s partners in the European Union, France and Germany.

David Cameron-Li Keqiang

David Cameron-Li Keqiang

The bilateral trade is at record levels while British exports to China have risen to 1.25 billion per month and growing faster than the French or German, said Cameron. These figures show once again that Britain is the most open economy in the EU, the most welcoming to Chinese investment, including the nuclear industry and our infrastructure and I am determined to keep it, said the British Prime Minister.

David Cameron-Li Keqiang

David Cameron-Li Keqiang

The Chinese Prime Minister Li Keqiang who arrive in Britain within a three day visit, said the two countries have common major interests and that their cooperation is not only important for the two countries, but also has global significance. Earlier in the day the Chinese premier met with Queen Elizabeth at the Windsor Palace, just outside London. The visit of Li, which comes six months after David Cameron visited China, was aimed at boosting economic ties and improve diplomatic relations, which were cooled after the British Prime Minister met in 2012 with the religious leader of Tibet, the Dalai Lama.

China-UK meetings

China-UK meetings

To coincide the visit of the Chinese Prime Minister was a move aimed for attracting more Chinese tourists. Beijing has complained that restrictions have made it difficult for the Chinese to visit Britain, thus making other European countries such as France and Germany, most attractive destinations for the Chinese people. In May, Britain announced that last year issued 290,000 tourist visas for Chinese citizens figure is an increase of almost 40% compared with 2012, with the British government aiming to further increase this number.

Britain-China

Britain-China

By Nicole P.

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