Prospects for the U.K.’s Global Relations in Post-Brexit era
Paul McComb, Director-General of Trade and Investment at the Department for International Trade of the British Consulate-General Hong Kong, discussed the latest developments in the U.K.’s global relations at a webinar on 4 February. He updated members that the U.K. had exited smoothly from the European Union and the British Government was working to develop constructive and reciprocal relationships with countries around the globe by transitioning or improving the trade deals with nations both inside and outside the E.U.
In the short term, he foresees that businesses trading with the U.K. will have to deal with additional paperwork and customs requirements, but they should be able to quickly adapt to the new processes. McComb said he anticipated the investment appetite towards the U.K. would remain keen after Brexit, owing to the country’s resilience and language advantage. In the long run, the U.K. Government plans to unveil 10 free ports across the nation, which are expected to boost the post-Brexit economy and facilitate international trading.
This event was the first in the Chamber’s “Brexit in Reality” series of events. Check our What’s On page for more information on upcoming events.
2021/02/04