News story

Treasury ministers strengthen economic ties abroad

Financial Secretary Greg Clark and Commercial Secretary Lord Deighton internationally showcase Britain's investment opportunities.

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The Kuwait Towers in Kuwait City
The Kuwait Towers in Kuwait City, where Lord Deighton is visiting.

Treasury minister Greg Clark is visiting South East Asia this week. His trip will culminate in Hong Kong when he attends the London - Hong Kong Renminbi forum, whilst Lord Deighton meets ministers and business leaders in the Gulf - as both promote the opportunities for investment in the UK abroad.

Financial Secretary to the Treasury, Greg Clark will open the third London-Hong Kong Renminbi Forum on Thursday.

He will deliver the key note speech, emphasising the progress the Forum has made in cementing Hong Kong and London’s positions as the world’s leading offshore Renminbi centres. Renminbi is the official currency of China.

Lord Deighton is visiting Qatar, Kuwait and UAE this week to strengthen ties simultaneously in the Gulf.

The infrastructure minister is meeting members of the Kuwaiti government and business community to understand the areas where the UK can support Kuwait’s National Development Plan.

In Kuala Lumpar and Singapore Greg Clark is promoting the UK as a centre for investment management, highlighting the opportunities offered by the latest UK financial services initiatives.

Ahead of the first World Islamic Economic Forum, to be held in London next month, Greg Clark is promoting the UK as a growing centre for Islamic financial services emphasising the work of the recently established Islamic Finance Task Force.

Lord Deighton is also highlighting the potential for further involvement in UK companies in Gulf development projects, including in infrastructure, financial services and public services.

Hong Kong is one of the top three international financial centres in the world. Kuwait’s National Development Plan, a £70bn infrastructure blueprint, offers exciting future potential opportunities for UK companies.

Published 25 September 2013