Trade: China

Department for International Trade written question – answered on 15th April 2019.

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Photo of Lord Goodlad Lord Goodlad Conservative

To ask Her Majesty's Government what commitments they have entered into under the Belt and Road Initiative of the People's Republic of China.

Photo of Baroness Fairhead Baroness Fairhead The Minister of State, Department for International Trade

In 2017 the United Kingdom, together with 26 other countries, endorsed the “Guiding Principles on Financing the Development of the Belt and Road”. We continue to engage closely with China on the Belt and Road Initiative. The Department for International Trade assists UK firms by scoping project opportunities, providing finance where appropriate through UK Export Finance, and then supporting bids for contracts in firms’ priority markets. In addition, the Government advocates for the application of recognised international standards in the areas of transparency and anti-corruption, environmental standards, social standards and debt sustainability.

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