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UK-China Trade Deal

It turns out it’s not only the Russian authorities who are looking to step up trade with China! Last week the UK Chancellor, George Osborne, announced he would be signing a £2.4 billion trade deal as part of an annual Anglo-Chinese dialogue on economics and finance.

The only aspect of the deal to be disclosed so far is a relaxation on visas for Chinese tourists and businessmen. This is unsurprising, considering UK business leaders estimate that they collectively loses out on £1.2 billion every year due to stringent immigration regulation, which is pushing business elsewhere in Europe. It will be interesting to see the other target areas as the details of this agreement are made public.

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