New group in UK making inroads for BRI and CPEC

By Daniel Hyatt
0 Comment(s)Print E-mail China.org.cn, September 28, 2018
Adjust font size:
The first London-Yiwu cargo train carrying British products arrives at Yiwu West Station in Yiwu, east China's Zhejiang province, April 29, 2017. [Photo/Xinhua]


As the date for Brexit nears, the United Kingdom is gearing up for revision of its trade policies. At the same time, China's Belt and Road Initiative (BRI) is offering unparalleled connectivity of industries with global markets and arousing the interest of British parliamentarians.

One British lawmaker of Pakistani descent has taken the lead in educating his fellow legislators on BRI and its flagship project, the China Pakistan Economic Corridor (CPEC).

Faisal Rashid, former mayor of Warrington who now represents the town at the House of Commons, visited China last year and realized the scope of the BRI and its associated investments hold for the post-Brexit U.K. On his return, he has helped share his knowledge of this mega venture with other parliamentarians.

Earlier this month, he launched the All-Party Parliamentary Group (APPG) for the BRI and CPEC in a ceremony attended by Liu Xiaoming, Chinese ambassador to the U.K. The group aims to bring a better understanding of the two intertwined projects to British parliamentarians through regular events like round-table discussions, meetings and networking sessions.

According to Rashid, the ideal way to educate British politicians on the BRI is by bringing details of the group to every parliamentarian. The group has so far had an encouraging response, with interest shown by over 40 politicians. Now it intends to circulate information regarding its activities to all 650 MPs and 800 peers at the House of Lords.

CPEC has already received constructive feedback from the U.K. A number of officials, including former Foreign Secretary Boris Johnson, Mayor of London Sadiq Khan and British PM's trade envoy to Pakistan Rehman Chishti have expressed their government's desire to support the CPEC. In the words of Greg Hands, former minister of State for International Trade, "Britain is a country of global influence and can be an important partner for China and Pakistan in the delivery of the China-Pakistan Economic Corridor."   

The BRI, as stated by Faisal Rashid, is an opportunity for the post-Brexit U.K. The country is aiming to increase engagement in international trade activities and with the recently introduced concept of "Global Britain," it can reach remote markets using the land and sea-based connectivity that the BRI extends. The BRI's facilities can even be utilized to achieve Prime Minister Theresa May's plans of expanding the U.K.'s trade footprint.

The "Global Britain" approach also negates the ongoing protectionist waves being observed in international trade. The U.K. and China can pursue the common goal of trade multilateralism, considering the fact that both desire globalized economies.

The U.K. has been a dominant player in global trade during a major part of the last two centuries. The country's trade priorities during its association with the EU can now be realigned with the government's new economic objectives. It will have increased leverage to engage in the BRI since Theresa May clearly stated during her visit to China earlier this year that "once Britain leaves the EU, [it] will be free to strike [its] own trade deals." The BRI can thus be considered a vessel that has the capacity to expand Britain's economy.

The highly developed legal and consultancy sector and the advantage of the English language give the U.K. a natural edge. Ease of doing business will be much greater as the U.K. has been trading with BRI participating countries for centuries.

China and the U.K. are building a comprehensive strategic partnership for the 21st century – dubbed a "Golden Era" of the two countries' relations. Since its launch in 2015, the move has increased political trust and boosted bilateral cooperation in several sectors. Besides, it is developing a consensus on the BRI and translating it into concrete actions, according to Liu Xiaoming.  

The possibility of a free trade agreement between the two is getting closer to reality which can come into effect after the U.K.'s departure from the EU. Last month's conference of China-U.K. Joint Economic and Trade Commission saw concrete discussions that indicate an improvement in bilateral investments and services trade.

Meanwhile, it is important to engage the public and private sector entities of the U.K., China, and Pakistan to collaborate under the BRI. Located in the U.K., the APPG can encourage trilateral projects. With positive signals spawning from all governments, investment cooperation among them will expand after private and state-owned enterprises start engaging in such projects. A major activity planned by the APPG in this regard is the frequent interaction of businesses and governments from the three countries.

The APPG on the BRI and CPEC has immense potential. In addition to delivering reports on opportunities, it will highlight how the BRI affects different parts of the world. Its activities are expected to project an impartial picture of the BRI to Western players, subsequently translating into a positive perception of the mega project's promises.

Daniel Hyatt is a Pakistan-based freelance journalist and commentator.

Opinion articles reflect the views of their authors, not necessarily those of China.org.cn.

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 久久99精品视免费看| 亚洲熟妇丰满多毛XXXX| 麻豆久久婷婷综合五月国产| 国产自产拍精品视频免费看| www.精品国产| 成人毛片18女人毛片免费| 久久免费观看国产99精品| 樱桃视频高清免费观看在线播放 | 免费高清电影在线观看| 自慰系列无码专区| 国产偷久久久精品专区| 久久天天躁狠狠躁夜夜2020一| 欧美人与动牲交a欧美精品| 亚洲永久精品ww47| 火车上荫蒂添的好舒服视频 | 美女吸乳羞羞漫画| 国产丝袜制服在线| 青青青青青国产免费手机看视频| 国产成人无码aa精品一区| 亚洲精品短视频| 国产精品亚洲专区在线播放| 7777精品伊人久久久大香线蕉| 国模丽丽啪啪一区二区| 99re热久久这里只有精品首页| 天堂资源在线www中文| gogo少妇无码肉肉视频| 好吊妞视频这里有精品| 一区二区三区四区免费视频| 岛国大片在线播放高清| 三上悠亚在线观看视频| 成人免费无毒在线观看网站| 中国一级黄色片子| 成人无码WWW免费视频| 中文字幕丰满乱子伦无码专区| 无人码一区二区三区视频| 久久久91精品国产一区二区| 日本久久久久久久中文字幕| 久久久久国色av免费观看| 日本午夜在线视频| 久久er99热精品一区二区| 无遮挡a级毛片免费看|