NewsCase StudiesEvents

UK and China sign agreement to boost exports

Also in the news...

Moving Abroad For Work: How To Manage Your Finances

Relocating to a new country to start a business or get an exciting new role is an exhilarating process, but you need to make sure that youíre fully prepared.

International Trade Secretary opens the Global Investment Summit

Secretary of State for International Trade, Anne-Marie Trevelyan, welcomes overseas investors and delegates to the Global Investment Summit in London.

Croatia: providing services and travelling for business

Guidance for UK businesses on rules for selling services to Croatia.

Prime Minister and Bill Gates launch £400m partnership to boost green investment

The strategic partnership with the Breakthrough Energy Catalyst will mobilise £200 million of private sector funding over 10 years.

What is the Superbonus and how to benefit from it, even if you donít pay Italian income tax

Itís recent news the Superbonus 110% has been recently extended to 2023, and this is great if you intend to renovate your home. Superbonus 110% isnít the only available tax break on house renovations; find out how you can save on your taxes whilst renovating your Italian home.

UK and China sign agreement to boost exports

Back to News

UK Export Finance (UKEF) and the China Export & Credit Insurance Corporation (SINOSURE) have committed to a framework for strengthened co-operation, paving the way for increased UK and Chinese exports.

The agreement, signed today in London, creates a framework for UKEF and SINOSURE to co-operate in supporting contracts in third countries involving both UK and Chinese exports. The move is designed to enhance the two export credit agenciesí (ECA) ability to support exports by increasing their risk capacity for projects sourcing goods and services from the UK and China.

The agreement will also facilitate co-operation between Chinese and UK firms as they compete for business in other countries. UKEF and SINOSURE will work together to identify opportunities for trade in capital goods, equipment and services involving co-operation between the two countries.

Louis Taylor, UKEF Chief Executive Officer, welcomed the agreement, saying:

This agreement creates huge opportunities for British exporters. UK companies can now work with Chinese firms to make their joint offering ever more competitive.

And by helping to share market expertise and increasing risk capacity, UKEF is supporting UK exporters to win contracts, not just fulfil those they have already won.

Mr Wang Yi, Chairman of SINOSURE, said:

SINOSURE welcomes this partnership. Closer co-operation will help SINOSURE and UKEF to support Chinese and UK exporters as they look to trade internationally.

You are not logged in!

Please login or register to ask our experts a question.

Login now or register.