In the same week that Chancellor of the Exchequer George Osborne read the Autumn Statement, PM David Cameron has been deep in talks in China over the future partnership between the two countries.
Chancellor Osborne stated that Britain’s economy is recovering faster than that of other major economies, including France, Germany and the US; all of whom Britain are currently dependent on as export partners.
In this respect China is becoming ever more important to Britain in a strategic sense; as a financially sound partner with whom to trade is vital for the country to continue its rate of economic recovery.
China and Britain
In the week of December 2 2013, David Cameron promised to create a ‘partnership for growth and reform’ with China, and in a meeting with Chinese Premier Li Keqiang on Monday the PM pledged to put his ‘full political weight’ behind a proposed EU-China trade agreement.
Mr Li declared that the talks with the PM had been highly productive following a ‘push for breakthroughs’ on nuclear power and high-speed rail, adding that the UK and China had become indispensible partners for each other’s development.
At present Britain is working towards making the UK more attractive to Chinese investors, while China has agreed to purchase equities and stocks in UK nuclear projects. Strengthening links with China for the future will require giving attention to three main areas: visas, air links (in the mean time China continues to fly to mainland Europe while Britain lags behind) and investment into increasing the amount of Asian studies that are taught in schools.
Building strong partnerships
Whether you are two of the world’s super powers looking to enter a long-lasting, mutually beneficial partnership, or you are about to go into a business partnership with an acquaintance, you will need reliable partnership law advice on hand.
The solicitors at Ralli partnership law help partners create a bespoke partnership agreement that looks out for your best interests in your business, and puts plans in place for worst case scenarios should they arise. If you would like to talk to the solicitors at Ralli about entering or dissolving a business partnership, please contact our team on 0161 832 6131 for more information.