UK Showcases Strong Presence at 2023 CIFTIS as Guest Country of Honor
The United Kingdom has taken center stage at the 2023 China International Fair for Trade in Services (CIFTIS), being honored as this year’s guest country. With dozens of British companies participating, the event highlights the strengthening ties and collaborative potential between the UK and China in the services trade sector.
In an exclusive interview with CGTN’s anchor Zheng Junfeng, Tom Simpson, Managing Director for China at the China-Britain Business Council, shared his insights on the UK’s involvement in CIFTIS and the opportunities it presents for business cooperation.
Deepening Bilateral Trade Relations
Simpson emphasized the significance of the UK’s prominent role in this year’s CIFTIS, noting that it reflects the mutual interest in expanding trade and investment between the two nations. “The UK’s participation as the guest country of honor underlines the importance of the Chinese market to British service providers,” he remarked.
Opportunities for Businesses
The British delegation includes companies from various sectors such as finance, education, healthcare, and technology. These businesses are keen to explore partnerships and showcase their expertise to the Chinese market. Simpson highlighted that CIFTIS serves as a vital platform for UK companies to engage with Chinese counterparts and understand the evolving demands of Chinese consumers.
Embracing Innovation and Sustainability
The focus on innovation and sustainable development at CIFTIS aligns with the UK’s strengths in these areas. Simpson pointed out that British firms are well-positioned to contribute to China’s goals in green finance, digital transformation, and professional services. “There\’s a natural synergy between what the UK offers and what China is seeking in its next phase of growth,” he said.
Looking Ahead
As global economies continue to navigate post-pandemic recovery, the collaboration between the UK and China in services trade holds promise for mutual economic benefits. Simpson expressed optimism about the future of bilateral trade relations, stating, “We are committed to fostering deeper connections and facilitating opportunities for businesses from both countries.”
The UK\’s active participation in CIFTIS not only reinforces existing ties but also paves the way for new avenues of cooperation in the dynamic Asian market.
Reference(s):
Watch: China-UK cooperation in services trade at 2023 CIFTIS
cgtn.com
