Business / Trade in United Kingdom
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ITALY, 2016/01/06
Britain and Italy said on Tuesday that they acknowledge on the need to reform the European Union to protect the rights of the bloc's non euro zone members, promote business and tackle the migration crisis.
Britain is renegotiating some of the terms of its EU membership ahead of a referendum due by the end of 2017 but Prime Minister David Cameron has so far failed to reach agreement on plans to restrict EU migrants' access to in-work benefits.
Writing in The Daily Telegraph newspaper, the British and Italian foreign ministers said there was much common ground.
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UZBEKISTAN, 2015/11/22
Uzbekistan and the U.K. intend to develop bilateral trade and economic relations in oil and gas, chemical, pharmaceutical, energy, mining and food industries.
The cooperation prospects were discussed during the 22nd conference of Uzbek-British Trade and Industry Council, the U.K. embassy in this country reported.
The UK delegation was led by the co-chair of Uzbek-British Trade and Industry Council, Dame Barbara Hay, while the Uzbek delegation was led by the country’s Initial Deputy Foreign Minister, Zhavlon Vakhabov.
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EGYPT, 2015/11/08
Egyptian President Abdel Fattah El Sisi says that his visit to Westminster this week to meet Prime Minister David Cameron “can serve as a stepping stone towards achieving advancing coordination between the two nations”, particularly in the struggle against world extremism and shared political and economic interests.
In the following statement written exclusively for this Upper Reach statement, President El Sisi as well points to the major steps taken by Egypt in returning the country to political and economic stability during his initial year in office
Statement by President Abdel Fattah El Sisi, November 2015
Egypt has embarked on a new era of political stability and market-led economic increase. Next a period of political uncertainty and economic stagnation, Egyptians have resolved to advance democratic transformation with the adoption of our Roadmap to the Next. The initial milestone of this roadmap was fulfilled with the passage, through popular vote, of a new constitution that nurtures the values of democracy and human rights.
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CHINA, 2015/10/22
Chinese President Xi Jinping heaped praise on Britain for what he called a “visionary choice” to strengthen commercial ties with China, ahead of a visit to the UK that’s expected to be considerably warmer in tone than his recent trip to the US.
The trip comes at a time of world anxiety about China’s slowing increase. Xi himself acknowledged “concerns about the Chinese economy”, but sought to allay them in a written interview.
China itself is worried about the slowing of the broader world economy, Xi said, even while he expressed confidence that China would weather the current downturn as it reshapes its economy to be additional resilient someday.
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CHINA, 2015/09/30
Visiting Chinese Vice Premier Liu Yandong met here with Philip Hammond, British foreign secretary on Thursday, saying China hopes Britain can continue to make active contribution to further development of China-Europe relations.
The current development of China-Britain relationship is sound, both nations should treasure it additional, and jointly push the bilateral relationship to gain better achievements, the vice premier said.
The current priority is to carefully prepare and make each effort to ensure the complete success of Chinese President Xi Jinping's national visit to Britain next month, said Liu.
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UNITED KINGDOM, 2015/06/08
The CBI has cut its UK growth forecasts and warned of further risks to the economy posed by a possible "messy" end to the Greek crisis and uncertainty over the EU referendum.
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TURKMENISTAN, 2015/04/07
The delivery of Turkmen gas to Europe has recently occupied the political schedule.
Following a dramatic diplomatic and political fallout with Russia, energy-hungry Europe is looking for alternatives, its mind set on bringing the Caspian Sea littoral nations into the European fold.
Turkmenistan, which is the world's fourth country for gas reserves, happens to be looking to diversify its gas export portfolio, eyeing up new markets.
The energy dossier was one of the major issues discussed at a recent conference between Turkmen and UK officials.
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UNITED KINGDOM, 2014/10/13
The U.K. visible trade deficit narrowed additional-than-expected in August despite exports falling to a near 4-year low, figures from the Office for National Statistics showed Friday.
The visible trade deficit decreased to GBP 9.1 billion in August from GBP 10.4 billion in July.
This was the initial time in the completed five months that the goods trade deficit has narrowed. Still the actual deficit was below than the expected shortfall of GBP 9.6 billion.
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UNITED KINGDOM, 2013/11/12
The U.K. visible trade gap widened unexpectedly in September to the highest level in almost a year, driven by a fall in exports and a rise in imports, suggesting that the net trade would be a drag on economic increase.
Official figures as well showed that third quarter construction increase was smaller than estimated in the preliminary GDP statement.
The visible trade gap rose to GBP 9.8 billion in September, the Office for National Statistics said Friday, while it was estimate to narrow to GBP 9.2 billion from GBP 9.6 billion in August. The shortfall was the major since October 2012, at the same time as it reached GBP 9.9 billion.
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UNITED KINGDOM, 2013/11/11
The focus will presently switch to the Bank's new inflation statement, due next week. Analysts will examine the statement for indications on how strongly the Bank thinks the UK economy is recovering.
Bank of England has left interest rates unchanged at 0.5% and made no change to its program of quantitative easing, as had been widely expected. The decision came as no amaze as the Bank has said it will not consider a rate rise until the unemployment rate falls below 7%.
The Bank of England's Monetary Policy Committee (MPC) has kept interest rates on hold at 0.5% since March 2009. Under the Bank's policy of forward guidance, brought in under new governor Mark Carney, it has said it will not increase interest rates until the rate of unemployment has dropped below 7%.
