Speaking in Beijing at The Second Belt and Road Forum For International Cooperation on April 26, 2019, UK Chancellor Phillip Hammond re-committed the UK to “to helping to realise the potential of the BRI – and to doing so in a way that works for all whose lives are touched by the project”. Sangeet Kaur, Managing Director of UK-based legal services sector consultancy Lex Conscientia, shared the text of Hammond’s speech on LinkedIn.
Hammond underscored the UK’s desire to “Ensur[e] that Belt and Road is an example of how globalised, open economic cooperation can deliver benefits for all.”
UK Legal Services Sector a Highlight
Hammond noted the “strength of the UK’s legal, professional and technical services sectors to support the design, development, contracting and delivery of BRI projects.”
“Our offer is to bring the best of Chinese manufacturing, engineering and construction with the best of British project design and legal, technical and financial services expertise”, he said…”as we harness the “Golden Era” of UK-China relations…[and to]…to deliver world-class sustainable infrastructure for all for the twenty-first century.”
As the City UK reported in late 2018: “The trade surplus generated by the [UK legal services] sector has nearly doubled over the past 10 years to £4.4bn in 2017 and it is recognised across the world for its quality and excellence.”