IANS | 01 Feb, 2018
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
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.
said, British companies were keen to foster partnerships with Chinese
companies and take them to third countries along the Belt and
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.
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.
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
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.