U.K. Prime Minister David Cameron is leading the biggest-ever British trade mission to China on a three-day visit this week, and CBI Director-General John Cridland and a large number of CBI members are part of the business delegation.
Key agreements, initiatives, and business deals announced during the visit so far include:
• Prime Minister supports E.U. free trade deal with China: At a meeting with Chinese Premier Li Keqiang, the Prime Minister made clear he is ready to put his full political weight behind an agreement to liberalise trade between the E.U. and China—the world's largest trading bloc and China's biggest trading partner. Read more here.
• Jaguar Land Rover opens new Beijing Training Academy and signs £4.5 billion agreement for 100,000 car sales: CBI member Jaguar Land Rover opened its new Training Academy in Beijing, the second such facility to open in China.
In addition, Jaguar Land Rover signed a new agreement to provide 100,000 cars to the National Sales Company in China over the next year. Read more here and here.
• Premier League and Chinese Super League sign agreement to build up football at an elite, youth, and community level in China: CBI member The Premier League announced a formal partnership with the Chinese Super League (CSL), under which the Premier League will provide assistance to the CSL and the Chinese Football Association (CFA) on initiatives, programmes, and projects to
promote and develop football in China. Read more here and here.
• Significant U.K.-China healthcare deals: The British economy is set to be boosted by more than £120 million thanks to a package of U.K.-China healthcare deals signed during the visit. Read more here.
• Modern Water wins contracts worth £20 million: Modern Water won contracts in China worth an anticipated £20 million for its pioneering technology.
• VisitBritain’s China Welcome campaign: Secretary of State for Culture, Media, and Sport Maria Miller announced an initiative aimed at making Britain the most welcoming destination in Europe for Chinese visitors. VisitBritain's China Welcome campaign, launching in spring 2014, will showcase, promote, and develop how the U.K. travel industry caters to the needs of Chinese visitors. Read more here.
• New U.K.-China cultural agreement: Secretary of State for Culture, Media, and Sport Maria Miller and Chinese Minister for Culture, Minister Cai Wu, signed a new cultural agreement for a five-year programme of cultural exchanges, which will give a boost to cultural and creative exchanges between the U.K. and China. Read more here.
• New £200 million joint research fund: China and the U.K. announced a new £200 million joint research fund, which will boost innovation.
• New digital alliance: China and the U.K. announced a digital alliance, which could unleash £2 billion of investment.