The Covid-19 pandemic, war in Ukraine and inflation have exacerbated challenges for the U.K., causing the economy to narrowly miss falling into a recession in 2022. But it is not all bad news as foreign direct investment into the U.K. grew 3% in 2022 compared with the previous year, with software & computer services, environment, financial services and advanced engineering sectors being the largest recipients of global FDI.
Moreover, U.K. exports enjoyed very strong growth rising 24.3% (up £159.0 billion) in current prices to £813.3 billion in the 12 months to December 2022. Total trade in goods and services (exports plus imports) between the U.K. and Hong Kong also grew to reach HK$252 billion as of the end of Q3 2022, an increase of 11.2% or compared to HK$25.27 billion from the four quarters to the end of Q3 2021.
So despite the negative headlines, there are significant investment and trade opportunities in the U.K. which many Hong Kong businesses are taking advantage of. Join us on 27 March for a roundtable briefing and discussion on the realities of the implications of trade and investment with the U.K. and wider world in a post-COVID and post-Brexit environment.
Speakers' presentations at this event are intended for educational purposes only and do not replace independent professional judgment. Statements of fact and opinions expressed during this event are those of the speakers and participants and, unless expressly stated to the contrary, are not the opinion or position of the Hong Kong General Chamber of Commerce, its members, or its committees. The Chamber does not endorse or approve, and assumes no responsibility for, the content, accuracy or completeness of the information presented. Attendees should note that, with the approval of speakers, this event may be recorded, and possibly published on the Chamber's website in audio and/or video formats without further notice.
Recording, duplication or distribution of the contents of the online event is prohibited without prior written permission from the Chamber.
Director General, Trade & Investment at the Department for Business & Trade,
British Consulate General Hong Kong.
Chris Woodward focuses on maximising trade relationships and opportunities between the U.K. and Hong Kong. Prior to his current position, Chris was DIT Country Director Morocco and HM Consul General Casablanca, First Secretary Trade at the U.K. Mission to the EU, and Deputy Head of Trade in Services at DIT in London, leading on policy and negotiations on Services, Digital and Data with U.K. trade partners.
Consul, Head of Economic Section, British Consulate General Hong Kong
Jonathan Marshall is Head of Economic Section at the British Consulate-General in Hong Kong. As a career diplomat he has previously been posted to the British Embassy in Washington, DC and in Rome and Kabul. In London he has held roles in Consular, Policy Planners, and as Head of Team for North and South Korea. He has degrees from LSE, Oxford, and Harvard.
|Date and Time
||2023/05/03 12:30 to 14:00
||Chamber Theatre, 22/F United Centre
||Closed to media
Tel: 2823 1266
+$50 for booking offline
- HK$ 190 for Members / HK$ 400 for Non-Members (In-person at Chamber Theatre (including lunch))
Members enjoy 30% discount with BOC HKGCC VISA Card
||- Bookings are only confirmed upon receipt of payment, on a first come first served basis.
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