Launch of our trade guide for the South African market

Last night we launched the first of our introductory trade guides focusing on South Africa.

You can download the guide here.

We partnered with the South African Chamber of Commerce for the guide and launched it at the fantastic Elwood Atfield Gallery. Wine was supplied by SA Wines Online who some readers may remember from our Commonwealth Food and Drink Festival in December.

Thanks to all three as well as everyone who came!

Here are a selection of photos from the event, courtesy of Tom Hampson.

UK Foreign Secretary delivers barnstorming pro-Commonwealth speech in Singapore

The UK's Foreign Secretary has delivered a fantastic speech in Singapore highlighting our close links, promoting the Commonwealth, and making the uncompromising case for more free trade.

Too often, even when the links that bind member states together are recognised, they are seen only in the bilateral sense, and not as part of the incredible network of networks that is the Commonwealth. It's great to see the Foreign Secretary explicitly recognising this and following on with his predecessor's pledge to put the 'C' back in FCO.

You can read the full speech here but we've collected some of the highlights below.

On our shared history:

"We have been part of the Singapore story for two centuries. Along with Australia and New Zealand, two of the stops on my current trip, our history is so closely interwoven that we have ties which the oceans cannot loosen."

“Our historical, cultural and commercial links mean the UK already enjoys thriving ties with the Asia Pacific region.”

On the Commonwealth diaspora in the UK:

Britain boasts a leading financial and creative hub, one of the world’s few truly global cities and is home to many vibrant Asian communities: 37,000 UK residents were born here in Singapore; 175,000 in Australia and New Zealand combined;

On the rule of law:

"In the UK, in the Commonwealth, and beyond, it has had a profound impact in the development of the rule of law, strong institutions and accountable government on which our societies have built enduring prosperity and stability. Nowhere is this truer than here in Singapore where there is a close correlation between the rule of law and the prosperity generated by global investment."

“These shared traditions bind the wider region, and beyond. Indeed, judges from the UK, Australia and New Zealand sit on the Court of Final Appeal in Hong Kong, where the rule of law has been a fundamental component of continuing economic success.”

On our shared values and language:

"Geographical distance has been no barrier to the development of shared values between the UK and countries in the region. With three of the countries that I am visiting – Singapore, Australia and New Zealand – we not only share a common language but common law traditions and Commonwealth membership as well. The same applies, of course, to India – that giant of democracy and integral part of the rising Asia story."

"We share with you in Singapore the worldwide language of business, science and engineering."

"It is a convenient truth that human rights, prosperity and security are mutually reinforcing. For example, the free flow of ideas and innovation - the life-blood of economic growth coursing through the veins of the free Asian nations, is a driver of economic growth, and a key differentiator in favour of democracy."

On free trade:

"Free trade is in Britain’s DNA and that is the code that is unlocking prosperity across the Asia Pacific region. So it is in all our interests to maintain the momentum behind trade and investment liberalisation in the region."

"[It is] bringing new levels of prosperity to the people of this continent; new opportunities for global trade; and higher standards of living for all."

On defence

"Britain is also a party, alongside Singapore, Malaysia, Australia and New Zealand to the Five Powers Defence Arrangements – still the only formal multilateral defence arrangements in South East Asia."

“That means we are ready and able to mobilise in support of Asia Pacific allies friends and partners… As we did in response to Typhoon Haiyan, facilitated by the Royal Naval presence here in Singapore and again when the world came together in search of missing Malaysian airliner MH370.”

On trade and investment between the UK and Singapore:

“the fundamentals have never been better for flourishing trade and investment relationships between the UK and the Asia Pacific region. The statistics tell the story: in Singapore alone there are over 1,000 British companies.

On the UK as a Commonwealth gateway to Europe:

"Nearly three quarters of Singapore’s investment into the EU goes to the UK."

“I hope the EU and Singapore will match this by implementing the FTA between them in the very near future. It should be the precursor to... further FTAs with Asia Pacific economies, including Australia and New Zealand.”

"Britain’s economy is on the move too. Ambassador, you said in your introductory remarks that Britain was the world’s sixth largest economy and I don’t often engage in Schadenfreude with my French neighbours, but we are now the world’s fifth largest economy!"

“few western countries can claim to know Asia as well as Britain.”

And finally, on the future of our relationships:

“the UK Government has not and will not let itself be distracted from the importance of building strategic relationships for Britain across the Asia Pacific region which are fit for the 21st Century.”

“The threats we face together as challenges to our common prosperity, to the values that bind us, and to civilisation itself can only be overcome through the kinds of partnership the UK is already developing across this region”

 “The UK and the countries of the Asia Pacific region are already working as partners for a safer and more prosperous world. But I firmly believe the best is yet to come; that the most important chapter of our shared history is the one we are about to write together.”

CX hosts Commonwealth Minister at its Autumn reception at the FCO

Last Thursday Commonwealth Exchange was delighted to welcome Rt Hon Hugo Swire MP, The Minister of State for the Commonwealth, to deliver the keynote speech at our Autumn reception.

The reception was held in the incredibly grand Locarno Suite (dubbed "the Drawing room for the Nation") at the Foreign and Commonwealth Office (FCO).

The Minister's full speech can be found here but here are a few of the highlights:

"We have a duty to ensure the Commonwealth continues to evolve, adapt and stay relevant in the 21st Century."

"Commonwealth Exchange... have rightly called for more focus on Commonwealth trade. We can - and must - be more ambitious."

"Together, we belong to a unique network - the Commonwealth family. It has global reach and great diversity. But it also has vast, untapped potential. And I hope tonight we take another step in releasing it."

Our Executive Director Tim Hewish also spoke at the event. He discussed the need to put trade at the centre of our engagement with the Commonwealth. In addition he laid out some of our upcoming projects, and in particular our upcoming visa report which launches a week today.

The final speech came from two Directors of Quirk, a marketing agency who launched in South Africa 15 years ago and now have clients and offices across the Commonwealth.

Thanks to all who attended, to the Minister and Quirk for speaking, and to the FCO for hosting. We hope you all enjoyed it.

Advisory Board Member Robin Walker MP quizzes Government on Commonwealth Trade

Robin at CX's launch event

Robin at CX's launch event

Robin Walker MP, a member of our Advisory Board and the Secretary of Parliament's Commonwealth All-Party Group, has been quizzing the UK government on trade with the Commonwealth.

In the first of a series of questions, he asked what the UK was doing to promote UK-Commonwealth trade, EU-Commonwealth trade, and intra-Commonwealth trade. The Minister responded as follows:

"The European Commission leads on trade negotiations on behalf of the EU and its member states. The UK is a strong advocate of the EU’s ambitious trade agenda and has supported the pursuit of comprehensive trade agreements with several Commonwealth countries. Negotiations on free trade agreements with Canada and Singapore are close to finalisation, we are the EU’s strongest champion of a trade agreement with India, and a joint declaration between EU leaders and the Prime Minister of New Zealand last month paves the way to potential trade negotiations between the EU and New Zealand starting under the next European Commission."

As we have argued before, whether in or out of the EU, the UK needs to be doing all it can to build these links and relationships. In our submission to the IEA's Brexit Prize we put forward an extensive plan of how the UK could do so if it were to leave but for as long as it remains a member, we must keep encouraging these deals and agreements to maximise Commonwealth trade.

Robin also asked about UK Trade and Investment's (UKTI) activities in Commonwealth Markets and was told that the "UKTI has a presence in 23 Commonwealth markets, accounting for approximately 21% of UKTI overseas headcount."

Finally, he asked for greater detail about the UK's trade with Commonwealth countries (beyond the public data that is available for 10 members) but this information was not provided.

British success story in Singapore

Trade
Trade

The UK company Serious Games has enjoyed success in Singapore with help from UKTI. They have won projects from "both public and private sector clients, including a contract worth £250,000 with the Ministry of Health." Having decided that South East Asia was to be their target market, they picked Singapore for their regional hub due to our strong connections. Their Managing Director commented:

Singapore was a good fit for us. They share the same language and regulatory systems as the UK and have strong IP protection mechanisms

As UKTI point out in their case study: "Singapore is the UK’s 12th largest export market of goods outside the EU and the sixth largest for services. Many UK firms use Singapore as an entry point into South East Asia and as a result over 700 UK firms have a presence there, with around 250 establishing their Regional HQ’s in Singapore."