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China-U.K. Trade Is Tiny. Theresa May Needs That To Change (CNN Money)
January 31, 2018
From the article:
Prime Minister Theresa May is going to China, and she's bringing the British business community with her.
The visit, which kicks off in earnest on Wednesday, is designed to boost ties with the world's second largest economy ahead of Britain's departure from the European Union.
"There are huge trade opportunities in China that we want to help British businesses take advantage of," May said in a written statement ahead of the trip. "My visit will intensify the 'Golden Era' in U.K.-China relations."
...Analysts say there are ample opportunities for more trade with China. But a full, formalized trade deal could take five to 10 years to sign after Brexit.
"A post-Brexit China-U.K. trade deal could accelerate trade growth and benefit both economies -- but a deal would unlikely to be struck before 2025," said Ian Mitchell, a senior policy fellow at the Center for Global Development in Europe.