Tuesday, 13 Jul 2010
“Economic power and opportunity is shifting in the world to the emerging powers of India, China and other parts of Asia, and to increasingly significant economies such as Indonesia”.
Mark Prisk,
Business and Enterprise Minister
Image: Director UKTI Northwest Clive Drinkwater (left) with Business and Enterprise Minister Mark Prisk
Asia Can Boost Your Future Growth
He was speaking to 200 firms from across the region at a “Doing Business in Asia” event in Manchester where experts, including British Ambassadors and High Commissioners, discussed opportunities in their markets.
The event was organised by UK Trade & Investment, the government’s international business development department, in cooperation with RBS.
Minister Mark Prisk said:
“Economic power and opportunity is shifting in the world to the emerging powers of India, China and other parts of Asia, and to increasingly significant economies such as Indonesia. It is estimated that by 2050 emerging economies will be up to 50% larger than those of the current G7, including the United Kingdom.
“The UK’s past prosperity does not guarantee a prosperous future. This new government has an opportunity to refocus our trade and our diplomatic efforts to turn the UK more towards these key Asian economies. The ambassadors at this event today can provide a unique and informed insight into the region. They know what the challenges are but, crucially, they also know how to overcome them.”
Image: Business and Enterprise Minister Mark Prisk talking to firms
The business seminar at the Hilton Hotel, Deansgate, was attended by UK experts from the markets covered by the Asia Task Force, which include: China, India, Malaysia, Vietnam, Singapore, Indonesia, Philippines, Taiwan, Hong Kong, Thailand, South Korea and Japan. They gave advice to companies and offered help to get them access to these markets.
Who are the Asia Task Force?
The Asia Task Force (ATF), brings together experts from industry, education and government to focus on boosting British exports to, and investment in, Asian countries.
The Doing Business in Asia event was staged in Manchester on Friday, 9 July, at the Hilton Hotel on Deansgate. It was organised by UK Trade and Investment North West (UKTI) and the Government’s Asia Task Force.
Visit http://www.businessinasia.co.uk/ to find out more.