Asia Pacific Economic Cooperation

Foreign and Commonwealth Office written question – answered on 16th December 2014.

Alert me about debates like this

Photo of Simon Kirby Simon Kirby Conservative, Brighton, Kemptown

To ask the Secretary of State for Foreign and Commonwealth Affairs, what steps he is taking to increase trade between the UK and APEC economies; and if he will make a statement.

Photo of Hugo Swire Hugo Swire The Minister of State, Foreign and Commonwealth Office

The Government is actively supporting British companies to do business in APEC countries. Our posts in the region help UK-based companies to identify and pursue new opportunities and work to promote the conditions in which business can succeed. To raise awareness in the UK of business opportunities, UK Trade and Investment (UKTI) has supported relevant business networks, including the UK-ASEAN Business Council and the China Britain Business Council. The Government actively supports the negotiation of an EU Free Trade Agreement with Asia-Pacific Economic Cooperation (APEC) economies. The EU-Korea FTA, signed in July 2011, has seen UK exports of goods to Korea more than double from £2.1bn to £4.6bn, and agreement has been reached on a Comprehensive Economic and Trade Agreement with Canada and a Free Trade Agreement with Singapore. We expect these to deliver a significant boost to the UK’s trade with these economies and UKTI is working to ensure that UK business is well placed to secure the commercial benefits.

Does this answer the above question?

Yes1 person thinks so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.