SME Times is powered by   
Search News
Just in:   • Sensex, Nifty trade higher in early deals amid positive global cues  • New FTAs fresh boost to manufacturing and innovation, open global opportunities for youth: Piyush Goyal  • India, Japan sign first defence co-development pact to build UNICORN naval masts  • China to face huge economic costs if Taiwan Strait is blocked  • Gold steady, silver slips as Fed rate hike expectations ease 
Last updated: 31 Jan, 2018  

UK.9.Thmb.jpg Britain eyes closer ties with China on OBOR Initiative

UK.9.jpg
   Top Stories
» Sensex, Nifty trade higher in early deals amid positive global cues
» Defence PSU stocks rally up to 3 pc after Rs 52,000 crore procurement nod
» Govt holds third preparatory meeting for BRICS Women Track
» Govt introduces 'Improvement Notice' mechanism to boost ease of doing business
» India-US relationship stronger than ever: Trump team charts ambitious agenda
IANS | 01 Feb, 2018

Britain is eyeing closer cooperation with China on the Belt and Road Initiative, the UK envoy to China has said, refuting reports that her country had an "ambiguous" attitude towards the initiative.

Barbara Woodward told the media that Britain was especially keen to work on the initiative in three particular ways, Xinhua news agency reported on Wednesday.

First, she said, British companies were keen to foster partnerships with Chinese companies and take them to third countries along the Belt and Road.

Second, Britain would like to bring some of London's financing experience to help create a solid financial and legal footing for the big projects of the initiative.

Third, Britain would like to share its experience of international engagement and multilateral organisations as the Belt and Road spreads out, so as to maintain high operational standards.

Woodward also said Britain and China were proposing a bilateral investment fund with a first round of $1.3 billion to create jobs, promote trade and support the initiative.

A British special envoy for the initiative will be named and a council of senior business leaders has been set up in Britain to help realise the fund, the ambassador added.

Philip Hammond, British Chancellor of the Exchequer, described Britain as "a natural partner" in the initiative while attending the Belt and Road Forum for International Cooperation in Beijing last year.

The Belt and Road Initiative, proposed by China in 2013, aims to achieve infrastructure, trade, financial and people-to-people connectivity along and beyond the ancient Silk Road trade routes.



 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

England keen to participate in OBOR
Vishwas | Thu Feb 1 01:40:28 2018
Pure opportunities - both


 
  Customs Exchange Rates
Currency Import Export
US Dollar
₹95.3
₹93.6
UK Pound
₹127.7
₹123.7
Euro
₹110.65
₹106.9
Japanese Yen ₹59.75 ₹57.9
As on 24 Jun, 2026
  Daily Poll
What’s your biggest challenge with the 45-day payment rule?
 Corporates canceling our orders
 Clients demanding longer credit anyway
 Strained business relationships
 Filing complaints kills future work
 No issues, cash flow has improved
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter