{"id":81111,"date":"2020-02-13T19:42:40","date_gmt":"2020-02-13T19:42:40","guid":{"rendered":"https:\/\/www.bahamastradeinfo.gov.bs\/buy\/?p=81111"},"modified":"2020-02-13T20:09:21","modified_gmt":"2020-02-13T20:09:21","slug":"uk-wants-to-grow-bahamas-trade-relationship","status":"publish","type":"post","link":"https:\/\/www.bahamastradeinfo.gov.bs\/buy\/2020\/02\/13\/uk-wants-to-grow-bahamas-trade-relationship\/","title":{"rendered":"UK Wants to Grow Bahamas Trade Relationship"},"content":{"rendered":"
\"Sir

Head of the British Diplomatic Service Sir Simon McDonald alongside British High Commissioner to The Bahamas Sarah Dickson<\/strong><\/p><\/div>\n

The UK feels that its own network is that much more important post-Brexit<\/h3>\n

Brexit, the United Kingdom\u2019s (UK) exit from the European Union, has moved the Commonwealth head to re-establish its high commission in The Bahamas, which will come with a focus on expanding co-operation in the private sector, but especially building on the two countries\u2019 \u00a3200 million per year trade relationship,\u00a0Sir Simon McDonald,\u00a0the UK\u2019s permanent undersecretary in the foreign office and head of the diplomatic service, told\u00a0Guardian Business.<\/p>\n

Speaking to this paper Tuesday, McDonald said the UK realized that closing its high commission in 2005 was a \u201cmistake\u201d, and he explained that the finalization of Brexit has obligated the country to reforge a diplomatic relationship with The Bahamas, and drive relationships along the lines of trade, business, and the environment.<\/p>\n

\u201cObviously, in 2005, the United Kingdom was a member of the European Union, and we were doing more and more of our international work, our international presence with and through the European union,\u201d\u00a0 Sir Simon said.<\/p>\n

\u201cNow, in 2020, we\u2019re out of the European Union, so we\u2019re by ourselves and our own network is that much more important to us. The international agenda has changed in the last 15 years, and very much on our minds this year is climate change.<\/p>\n

UK Prime Minister is interested in establishing bilateral trade agreements with The Bahamas<\/h3>\n

\u201cSarah Dickson (high commissioner to The Bahamas) is someone with private sector experience. This was a conscious part of our decision making. We have a good trading relationship with The Bahamas, it\u2019s about \u00a3200 million per year, but clearly we could build on that and that is our express intent.\u201d<\/p>\n

He explained that while there is continuity with the European Partnership Agreement in terms of trade, UK Prime Minister Boris Johnson is also interested in establishing bilateral trade agreements with The Bahamas.<\/p>\n

\u201cWe need our own agreement\u2026 the most comprehensive and freest trading agreements,\u201d he said.<\/p>\n

Sir Simon added that the UK\u00a0will also deal closely with The Bahamas as it relates to climate change matters, and exploring how to further grow tourism from the region.<\/p>\n

He said it can be expected that the new high commissioner will\u00a0\u201cfeed commercial intelligence back to the UK\u201d and organize trade missions between the two countries.<\/p>\n

Source: Nassau Guardian<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Brexit, the United Kingdom\u2019s (UK) exit from the European Union, has moved the Commonwealth head to re-establish its high commission in The Bahamas.<\/p>\n","protected":false},"author":16,"featured_media":81112,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-81111","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"\nUK Wants to Grow Bahamas Trade Relationship - 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