SME Times is powered by   
Search News
Just in:   • Moderna taps into AWS to boost Covid-19 vaccine research  • EU retail trade back to pre-pandemic levels  • Stock markets rise even with RBI leaving rates unchanged  • Start-ups get priority sector lending status  • Relief for MSMEs as RBI extends debt restructuring scheme 
Last updated: 31 Jan, 2018  

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

UK.9.jpg
   Top Stories
» Start-ups get priority sector lending status
» Relief for MSMEs as RBI extends debt restructuring scheme
» DGFT for accelerating exports in electronics, hardware sector
» RBI keeps lending rates unchanged
» 'Textile prices recovered, no sustainable recovery yet'
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
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 07 Aug, 2020
  Daily Poll
COVID-19 has directly affected your business
 Yes
 No
 Can't say
  Commented Stories
» Textile opportunities in Finland: An export snapshot (1)
» Pain points for MSMEs(1)
» SBI's centralised SME loan process to ensure better loan processing(1)
» Aluminium sector for MEIS scheme as exports at stake(1)
» Focus is now on loan restructuring: FM(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter