Brexit makes a UK-China trade deal more likely, say officials from both countries


Blackleaf
+1
#1  Top Rated Post
Brexit makes the prospect of Britain striking a trade deal with China more likely, trade officials from both countries have said.

Xing Houyuan, an official at the state-backed Chinese Academy of International Trade and Economic Cooperation, said China was being frustrated by the EU.

But now Britain has left, he said the 'situation in Western Europe will push China and the UK to make a trade treaty,' he told the state-owned China Daily newspaper.


And British trade minister Lord Price, a former boss of Waitrose, is currently in Hong Kong where he said he is 'optimistic' about future trade deals with 'new trading markets' in the East.

Lord Price spoke about 'helping create a second Elizabethan Golden Age' by striking new deals with Commonwealth countries such as New Zealand, Australia and Canada and also with economies in the Far East such as China, Japan and South Korea.

Brexit makes a UK-China trade deal more likely, say officials from both countries as the Chinese blast 'frustrating' EU


Chinese trade official Xing Houyuan says Brexit will 'push China and the UK to make a trade treaty'

British trade minister Lord Price says he's 'optimistic' about future deals

Ex-Waitrose boss is in Hong Kong discussing future trade relationships

China Commerce Ministry says Brexit will 'create more chances in different fields for new investment'

China is frustrated by the EU says state-backed trade organisation official


By Matt Dathan, Political Correspondent For Mailonline
7 July 2016

Brexit makes the prospect of Britain striking a trade deal with China more likely, trade officials from both countries have said.

Xing Houyuan, an official at the state-backed Chinese Academy of International Trade and Economic Cooperation, said China was being frustrated by the EU.

But now Britain has left, he said the 'situation in Western Europe will push China and the UK to make a trade treaty,' he told the state-owned China Daily newspaper.

And British trade minister Lord Price, a former boss of Waitrose, is currently in Hong Kong where he said he is 'optimistic' about future trade deals with 'new trading markets' in the East.

China's Commerce Ministry spokesman Shen Danyang also gave a positive outlook, telling China Daily that Brexit will 'create more chances in different fields for new investment'.


Brexit makes the prospect of Britain striking a trade deal with China more likely, trade officials from both countries have said. Last year relations between China and the UK thawed after President Xi Jinping's state visit to Britain, pictured meeting David Cameron in Mansion House, central London

He predicted global currency fluctuations caused by Brexit would not do lasting damage to Chinese investments in the UK, which would not be affected in the long-term.

Contrary to claims during the referendum campaign that leaving the EU would leave Britain isolated and cut off from the global economy, the developments suggest Brexit could open up Britain to new opportunities.

A treaty with the UK could be fast-tracked after years of China being 'frustrated by the EU,' China Daily reported.

As a member of the EU Britain has not been able to negotiate individual trade deals with countries for years, with Brussels responsible for negotiations.

It means Britain has been left without trade deals with the likes of Canada, Australia, Japan, China, the US and other countries because the EU has so far failed in attempts to secure deals.

There are fears that this left the UK with few trade specialists who have the experience of striking trade deals.

Oliver Letwin, the Cabinet Office minister tasked with preparing the Government's Brexit negotiations, said his unit is identifying how many staff it needs and said private sector staff will need to be hired, as well as the prospect of asking experts to 'train high-flying young civil servants'.


David Cameron (right) took President Xi Jinping (left) to his local pub in Oxfordshire during the China premier's state visit to the UK last November

Lord Price spoke about 'helping create a second Elizabethan Golden Age' by striking new deals with Commonwealth countries such as New Zealand, Australia and Canada and also with economies in the Far East such as China, Japan and South Korea.

Speaking to the British Chamber of Commerce in Hong Kong, he said: 'I'm optimistic about the future: particularly in helping create a second Elizabethan Golden Age.

'The first Golden Age was based on peace, prosperity, new trading markets and a flourishing of the arts.

'There's also a prospect for striking new deals with Canada, New Zealand and Australia which could form the beginning of a Commonwealth trading pact.'

'And to the opportunities in the East, where for centuries British merchants have traded with China for tea, white gold and porcelain as well as with Japan, South Korea and other Asian nations.'

He also said the UK is working towards 'a continued close trading relationship with Europe'.

Echoing Lord Price's positivity, Mr Shen told China Daily: 'The global investment environment will be more transparent and create more chances in different fields for new investment.

'Therefore, Chinese companies' outbound direct investment will remain positive and stable.'


Read more: Brexit makes a UK-China trade deal more likely, say officials from both countries | Daily Mail Online
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Tecumsehsbones
+1
#2
Will you be forcing them to accept opium again?
 
Blackleaf
#3
Quote: Originally Posted by Tecumsehsbones View Post

Will you be forcing them to accept opium again?

If we still sold opium then I bloody well hope so. Opium brings joy to the lives of millions of people.

In the book I have read written by Hyeonseo Lee, who tells how she escaped North Korea on her own as a young girl in 1997, she often told us about one of her uncles, "Uncle Opium". Once, when she was a little girl, she had a cold and her "Uncle Opium" had a large black blob of opium on the table. He told her to stick the end of her pencil in the opium and then lick it. Almost instantaneously, as soon as she did it, her cold disappeared. It's good stuff that opium.

Also, not only Chinkyland but also Canada, Australia, New Zealand, South Korea and several other countries are now desperate to forge trade deals with Great Britain.

This is rather odd, because the Remainiacs told us that Brexit would mean Britain "cutting herself off from the world"; that she would not get any trade; and that her economy would collapse...
 
MHz
#4
Up to 2% from 0% isn't much of a lifeline. The UK is tied to the US hip and they will get as much business from China as the US will which is zip. She will be dealing with Russia and India and Iran and Syria for the most part.

Quote: Originally Posted by Blackleaf View Post

If we still sold opium then I bloody well hope so. Opium brings joy to the lives of millions of people.

.

You've been chatting to the Royals again haven't you??
 
Blackleaf
#5
Quote: Originally Posted by MHz View Post

The UK is tied to the US hip and they will get as much business from China as the US will which is zip.

It doesn't seem that way according to what the Chinese have been saying.

Quote: Originally Posted by MHz View Post

You've been chatting to the Royals again haven't you??

I've never spoken to any royal, apart from the Little Lever Summer Fayre Fairy Queen 1995.

I get my facts about opium from what I've read about it. Many people in Victorian Britain were addicted to it.

An opium induced dream may have provided Coleridge with the inspiration for "Kubla Khan".
 
MHz
#6
Quote: Originally Posted by Blackleaf View Post

It doesn't seem that way according to what the Chinese have been saying.

I get my facts about opium from what I've read about it. Many people in Victorian Britain were addicted to it.

China is signing contracts with Russia and Iran, nothing at all with the US or any NATO members
You saying the kids working the coal mines spent their whole checks on opium?? (or was the the 'elite' meaning the Royals and the major Merchants the only ones who could afford the new black-market goodies?)
 
Blackleaf
#7
Quote: Originally Posted by MHz View Post

You saying the kids working the coal mines spent their whole checks on opium?? (or was the the 'elite' meaning the Royals and the major Merchants the only ones who could afford the new black-market goodies?)

I think almost everybody could get hold of opium in Victorian Britain. There were opium dens all around London.

It is a wretched hole... so low that we are unable to stand upright. Lying pell-mell on a mattress placed on the ground are Chinamen, Lascars, and a few English blackguards who have imbibed a taste for opium."

French journal 'Figaro' describing an opium den in Whitechapel, east London, in 1868.
 
B00Mer
No Party Affiliation
#8
Yup China buys the UK for cheap.. now that it's bankrupt.

Deal of a lifetime for China.. some wet soggy island in the North Atlantic.
 
EagleSmack
#9
Man... the saltiness!
 
B00Mer
No Party Affiliation
#10
Quote: Originally Posted by EagleSmack View Post

Man... the saltiness!

Sorry next time I won't blow the load in your mouth.
 
EagleSmack
#11


*snicker*
 
B00Mer
No Party Affiliation
#12
Quote: Originally Posted by EagleSmack View Post



*snicker*

 
EagleSmack
#13
That's you too!

How's the diet coming? *snicker*
 
Machjo
#14
A trade deal with China will certainly help the UK economy. Lowering the tariffs will compensate for the intercontinental transportation costs.