UK, China to hold joint trade and investment review

BEIJING (Reuters) – Chinese President Xi Jinping and British Prime Minister Theresa May agreed to hold a joint trade and investment review as the first step towards delivering an ambitious future trade agreement after Brexit, May’s office said.

“The PM said that, once Britain leaves the EU, we will be free to strike our own trade deals,” May’s office said.

May “pointed to the joint trade and investment review which will now take place as the first step towards delivering ambitious future trade arrangements,” it said.

Xi and May agreed to hold more talks on China’s Belt and Road infrastructure initiative and the two leaders spoke about the importance to it of international standards and transparency, May’s office said.

Xi said China’s markets would be further opened to the UK, including in sectors such as beef, dairy and other agricultural goods.

May said business deals worth at least 9 billion pounds ($12 billion) were expected to be signed during her three-day trip.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.