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Department for International Trade written question – answered on 26th July 2017.

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Photo of The Marquess of Lothian The Marquess of Lothian Conservative

Her Majesty's Government what assessment they have made of China's One Belt, One Road initiative, and of its implications for (1) the UK's economy, and (2) the global economy.

Photo of Lord Price Lord Price The Minister of State, Department for International Trade

HMG has discussed the Belt and Road Initiative (BRI) with China as part of our regular engagement, including at ministerial level. The UK is a ‘natural partner’ on BRI, as it is home to the world’s leading financial centre, with strengths in key professional services and close relationships with many of the countries involved. We will work proactively to maximise opportunities for UK exports and investments related to BRI.

Spanning four continents, BRI has the potential to raise living standards for 70% of the global population by promoting trade, interconnectivity and economic growth.

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