Intercultural Business News

    Posted by Neil Payne on February 10th, 2009

Last week, as part of the annual UK-China summit being held in London, British Prime Minister Gordon Brown and Chinese Premier Wen Jiabao gave a joint press conference to announce a series of agreements designed to encourage and promote trade between the two countries.
Brown claimed that the deals struck would help double the UK’s exports to China to £10 billion and increase bilateral trade to $60 billion by 2010. Key agreements included a cooperation framework on intellectual property rights, an agreement on promoting UK trade and investment in China’s regional cities, a sub-contract between Airbus and Chinese aviation giants Xian on a wing-equipped project in Tianjin and a framework agreement to establish a long-term strategic partnership between the Chinese Academy of Sciences and BP Global Investments Ltd.
In addition the two leaders agreed that protectionism posed the “greatest threat” (GB) to a resolution to the global recession, and that reforms to international institutions and the creation of an early-warning system for the global economy should sit high on the agenda at the G20 Summit due to be held in London in April.
Other issues discussed during the UK-China Summit included human rights in Tibet, climate change, illegal immigration, cultural exchange programmes and the London 2012 Olympics.
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