Also in the news...
These are exciting times for Dubai and the UAE. With the entire business world’s attention soon to turn to the Emirates with the delayed Expo 2020 kicking off in October (and continuing all the way through to the end of March next year) it’s never been a better time to be a UAE business owner
The concierge service provides a one-stop shop to help maritime businesses interact with government departments.
British rail companies are on track for a potential export boom thanks to the UK-Australia trade deal.
How you import from and export to Mexico.
As more economies around the world open up and companies bring employees back to the office, global expansion plans that may have been put on hold last year are now taking shape. It can be challenging to know where to start, but here are some key factors to consider when expanding your operations into new countries.
UK looks to invest in Myanmar's future
Lord Green writes about his first visit to Burma
This will be my first visit and I am looking forward to seeing for myself the country that is on everyone’s lips. The UK has a long relationship with this country and we are committed to playing our part in supporting its peaceful and prosperous future.
During my visit I will meet members of the local and international business communities, as well as members of the government and the opposition. I want to understand the reality of the opportunities and the challenges from international investors and discuss with the government their plans for economic and political reform.
I believe there is an important role for British business to play in this country’s development and I hope my visit will allow me to identify areas of future collaboration. British business is beginning to develop a presence on the ground: Standard Chartered Bank were the first non-ASEAN financial institution to open a representative office; Unilever recently opened a manufacturing facility; and three of the big four accountancy firms have already opened offices in the country.
I hope the recent lifting of EU sanctions and the upcoming reinstatement of generalised system of preferences (GSP) will act as catalysts for more high-quality British investment.
A key part of our commitment to this country is in supporting the capacity building required to enable it to succeed in a competitive global environment. A number of British companies are already delivering such programs.
For example, British law firm Allen & Overy have been delivering training across government on the enactment of privatisation legislation. We will continue to encourage this kind of activity and look to identify additional areas of support, including the development of vocational training to up-skill the workforce.
The British government actively and enthusiastically encourages responsible investment in this country. Under the UK’s presidency, the G8 has endorsed a responsible investment initiative proposed by U Thein Sein’s government.
We recognise the importance of foreign direct investment for the growth of the economy. Investment done right, in consultation with and for the benefit of the local communities, is crucial for this country’s development and for the welfare of its people.
I strongly believe British business will support this agenda.