Monday, July 27, 2015

Cameron begins trade mission in S’East Asia

Cameron begins trade mission in S’East Asia
David Cameron says business deals worth more than £750m ($1.2bn) will be made during his tour of South East Asia.
Cameron is to be accompanied by 31 UK business leaders on the trade mission, which starts in Indonesia.
The UK Prime Minister says he wants to forge links with the area’s rapidly growing markets for British goods and services during his four-day trip.
He will also discuss the threat of the self-styled Islamic State group and climate change during his trip.
Business Secretary Sajid Javid is leading a separate delegation to the region from the North of England.
The Prime Minister said: “Over the next 20 years, 90% of global growth is expected to come from outside Europe, and Britain must be poised to take advantage.
“That’s why I’m delighted to be taking British businesses to this vast and dynamic market, securing deals worth over £750m and creating opportunities for hard-working people back at home.
“We can also open up more markets for British businesses by leveraging the power of the EU’s single market with 500 million consumers to secure bold, ambitious trade deals with these fastest, growing economies.”
During the trip, the Prime Minister is expected to push for progress on a free trade deal between the European Union and South East Asian trading bloc, ASEAN, which Downing Street believes could provide £3billion a year to the British economy.
Cameron said he would be making the case for an EU-ASEAN deal in talks with the group’s secretary general Le Luong Minh, reports the BBC.

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