Trade bureau agreement maps out closer business links to China
08 Jun, 2015
An agreement has been signed which will help pave the way for Bristol and West Country firms looking to establish closer trading partnerships with counterparts in China.
The Memorandum of Understanding between the Bristol & West of England China Bureau with the Guangdong Provincial Government will help businesses negotiate the unfamiliar trading procedures they will encounter in the populous Pearl River Delta area.
Bureau chief executive Dianne Francombe said the legal document would work both ways – giving Chinese business people a clearer understanding of how business is done here and insights into all aspects of doing business in the UK.
She said: “Agreements such as these are very important as it can be difficult for individual West Country businesses to make inroads into China on their own initiative.
“By forging these links with the Provincial Government the bureau is paving the way for any South West firm looking to take advantage of the fantastic trading opportunities waiting for them.”
The three-page Memorandum of Understanding was drawn up in conjunction with the Foreign Affairs office of Guangdong Provincial Government by the bureau’s company secretary, Paul Hardman from Bristol solicitors Gregg Latchams.
The main themes in the memorandum include greater cooperation on advanced technologies, creative industries, education and training, tourism and low carbon technologies.
Paul travelled to China to sign the agreement on behalf of the bureau. He took advantage of a free flight which Gregg Latchams had won at the Chinese New Year Ball held at the Dynasty restaurant in March!
Dianne Francombe concluded: “The memorandum will build on the strong relationship already established between Bristol and its sister city of Guangzhou and hopefully persuade more West firms to explore closer trading partnerships on everything from tourism to high technology.”
Photo shows: Paul Hardman Company Secretary of B&WoECB and Mme Su, Deputy Director General, Guangdong Provincial Government, Foreign Affairs Office