Brian Binley MP for Northampton South has welcomed the Business, Innovation and Skills Select Committee Report into Trade and Investment in China.
The report welcomed the Governments strategy and engagement with China and welcomes the recent improvements with industry in China but concludes that UK performance still lags behind other countries like Germany.
Brian said: “I had the pleasure of leading the Business, Innovation and Skills Select Committee visit to China earlier this year and had the chance to see firsthand the trade relationship between Britain and China.”
“I am delighted that steps have been taken to improve trade links with China, as an emerging economy our relationship with them is vital to the health of our economy.”
“Shanghai Automotive has already started to invest in Britain and are currently building 2,000 new cars at Longbridge, with the possibility of that figure rising in the longer term to 20,000.”
“This will create sizeable employment for one of Britain’s famous car manufacturing areas and the spin off for Northamptonshire component manufacturers will be very important.”
The report also highlighted, however some concerns centring on the issue of Visa’s and suggested that Ministers may be unaware of problems faced by both Chinese and British Firms.
Brian said: “We need to send a message loud and clear to the world that Britain is open for business and we are worth investing in. We must address these concerns if we are to get the growth we need in order to fulfil the budget strategy.”
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