Prime Minister seeks stronger links with the two countries
24th November 2009: If you are a Chinese or an Indian putting up in the UK, you have a reason to cheer. For Britain is looking up to your native land to pull the country out of recession.
On hand information suggests Prime Minister Gordon Brown is actually looking up to India and China to emerge from recession. Brown has called for Britain to be more outward facing; and has sought stronger commercial links with the two countries to beat the meltdown blues.
Britain is as of now suffering from the worst period of recession since records began. Credit crunch has adversely affected trade and industry. This has lead to widespread unemployment.
Addressing the Confederation of British Industry (CBI), Brown said Britain is all set to sign new strategic partnerships with India. The Prime Minister announced he would also host an international investment conference at which Indian and other foreign investors will be informed about benefits of investing in Britain.
The CBI is Britain’s biggest employers’ organisation and represents over 200,000 companies. Brown said they had over 400 Chinese companies now operating in Britain. In their new growth strategy, he wanted not just hundreds, but thousands of Chinese companies in Britain and British companies in China.
Brown added he knew they would soon sign new strategic partnerships with India. Trade relations with the United States are strong. So they needed an outward-facing Britain, attracting inward investment and sustaining high value added jobs.