UK and China Hold Trade Summit to Boost Services Exports

UK trade officials and Chinese counterparts met at a joint economic and trade commission to launch initiatives aimed at expanding UK services exports to China. The 15th UK–China Joint Economic and Trade Commission (JETCO) was chaired by Trade Secretary Peter Kyle and China’s Minister of Commerce Wang Wentao, and it focused on high‑value sectors such as life sciences and professional services. Around 200 UK and Chinese firms, including Brompton Bikes, HSBC, and JD.com, showcased deeper commercial ties at an accompanying Export to China event. New initiatives include the “Trade Booster,” led by the China‑Britain Business Council, HSBC, ICBC and JD.com, and a professional services matchmaking platform to connect Chinese firms with UK service providers. A joint feasibility study will explore a bilateral Trade in Services Agreement, underscoring the UK’s commitment to deepening trade with China.

© Crown copyright, 2024, GOV.UK.
Summary adapted from content licensed under the Open Government Licence v3.0.
For details, see https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/.
Original source: https://www.gov.uk/

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