Confederation of British Industry data has shown that in 2016, the UK and China undertook £55 billion of trade rendering Britain China’s 8th largest partner worldwide. And last year it was only Germany that conducted more trade with China. The numbers for British-China trade are incredibly positive especially in the current post-Brexit environment. This also gives Theresa May’s country a better marketing position for other global interactions. Plus, British goods and services are gaining popularity in the region.
This trend is likely to continue. With the direct China-Britain freight train, trade patterns will improve. Knowing that speed and reliability of transport will be enhanced, according to Logistics of DP World London Gateway’s GM Nichola Silveira, trade will no doubt expand. Following a journey lasting nearly 3 weeks, the first China-bound freight train carrying British products left DP World London Gateway terminal on April 10. It is hoped that a weekly service will soon be established reaching many provinces in China.
The transportation will ultimately become part of the Silk Road Economic Belt and the 21st Century Maritime Silk Road and will encourage greater fiscal integration, infrastructure inter-connectivity, people-to-people exchanges between Asia, Europe and Africa and trade.