WAR ON PIRACY IN £1.4BN DEAL WITH CHINESE1 min readReading Time: < 1 minute
DAVID Cameron yesterday pledged action to stop Chinese manufacturers pumping out cheap rip-off versions of British products as he announced trade deals worth a total of £1.4billion.
The Prime Minister agreed a series of business deals between the two countries during talks with China’s Premier Wen Jiabao in Downing Street.
He said a high-level conference would look at the issue of copyright and complaints about the scale of pirating of music, films and patents in China.
At a joint news conference in the Foreign Office’s grandiose Locarno Room, Mr Cameron said: “Trade with China is a huge opportunity for the UK and we have a lot to offer China too. As our economies become increasingly complementary, the UK has the goods and services, the experiences and the skills to match China’s ambition to move up the value chain.”
More trade both ways will mean “jobs, growth and prosperity for all of us”, he said.
Deals included one for British Gas with the Bank of China to provide a credit facility worth up to £940million to expand its operations in China as well as one for drinks giant Diageo to operate in China.