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Brexit Update | Meet Richard Burn | Reach China’s Millennials

Theresa May confirms Britain will not be in a customs union
This week the Prime Minister and Brexit Secretary David Davis met Mr Barnier, the Chief negotiator from the EU, to accelerate discussions on the “transitional” period that both sides want after Brexit. On Monday, Downing Street reaffirmed that Britain will not be in a customs union with the EU.
In August 2017, the government set out two potential alternatives; a new customs partnership without the need for any customs checks and a “highly streamlined” arrangement in which EU arrivals would be subject to customs checks but using technology to minimise disruption. Downing Street did not say which was the preferred route, but that work continues on both proposals.

Meet Richard Burn, the new HM Trade Commissioner for China
The International Trade Secretary, Dr Liam Fox, announced Richard Burn as the new HM Trade Commissioner for China during a recent trade visit to the country. The new commissioner has extensive experience in China, including with Diageo, APCO and Batey-Burn, a market access and investment consultancy he co-founded and ran for 10 years.
Trade between the UK and China is at record levels, worth over £59 billion annually, with British exports to China growing by more than 60 per cent since 2010. Richard Burn said: “China presents unrivalled opportunities for British companies. My role as HM Trade Commissioner for China will be to build on the strong links already in place, as we intensify the ‘golden era’ of UK-China trade.”
Reach China’s Millennials
Chinese Millennials are prompting global attention. They are a generation numbering 400 million, they’re a uniquely affluent and influential group, and they have been helping to grow China’s ecommerce market by a projected 13 per cent between 2016 and 2020.
According to eMarketer there are five things you should know about this influential group, including that they comprise more than half of Chinese internet users, they have money to own their own home, and that they love their wine!

Thursday 08 February 2018

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