'Britain is open to foreign investment' - says the UK’s international trade minister Liam Fox. This comes after a U.S. panel rejected a Chinese acquisition of a U.S. money transfer company on national security concerns.
Britain is set to leave the European Union on the 29th March 2019 and with negotiations in full swing, Mr Fox visited China recently, to lead the latest discussions of long economic talks between China and Britain.
Britain’s vote to leave the European Union on the 23rd June 2016, raised fears for many that London could lose its status as Europe’s banking house power. However, Mr Fox contends that the Brexit opponents should “lift their horizons” as healthy foreign investment and bulging export orders showed confidence in the UK.
In fact, Britain attracted a net £119.6bn in foreign investment in 2016, the highest rate in the UK than in any other year in history, with the US and China being the biggest contributors.
Britain's independent status will allow the country to take a more active role in international trade agreements. Fox states that the 'EU does not have free trade agreements with the US, China, India or the Gulf states,' and that the UK has already established 14 trade working groups across 21 countries,” post referendum to help with Brexit. In fact, Britain is looking to sign a free trade pact with China once it leaves the EU, with more trade an investment in financial services, infrastructure and energy, showing promise for the UK and the implications of Foreign Investment into the UK after Brexit. Moreover, the current economic market has seen a growth in Chinese and Asian Pacific nationals coming to the UK to pursue business and investment opportunities. The UK welcomes foreign nationals who are seeking business ventures and investment opportunities through a Tier 1 Entrepreneur / Investor Visa.