International visits by foreign ministers have brought new deals to Bucks’ GE Healthcare and London’s New Age oil and gas company.
Following Trade Minister, Baroness Fairhead’s, meeting with Minister Secretary General Ferdinand Ngoh Ngoh, London based oil and gas company, New Age, and the Cameroon Government have agreed a deal which will see the development of a floating natural gas project in Cameroon utilising the offshore Etinde gas field.
The project is of huge importance to the African country, who will be able to ramp up their gas export operation, in turn generating a huge revenue stream for the public treasury, whilst also helping to develop offshore infrastructure in support of future local power generation.
Following the visit of the President of Panama, Juan Carlos Varela, Dorking based Biwater expanded a deal which sees them improving Panama’s water and wastewater infrastructure alongside the Panama Government.
The company’s work sees them delivering lasting environmental and social benefits to communities in Latin America’s fastest growing economy. The UK government provided support for the company and the project through UK Export Finance’s financial support offer.
UK life sciences company, GE Healthcare, also secured a deal earlier this week after the visit of President Recep Tayyip Erdoğan with Turkish construction firm KAYI holding. The agreement will see £74 million worth of medical equipment exported to hospitals being built across emerging markets of Turkey, Kenya, Tanzania and the Balkans.
International Trade Secretary, Dr Liam Fox MP, said: “International visits by foreign ministers aren’t just good for the government but for UK exporters across the country too, so that local companies can expand their global reach.
“There are strong reasons for the UK to be optimistic about our presence on the world stage and this series of deals, worth more than £1.9 billion, showcases Britain’s world leading capability in key sectors such as cyber security and life sciences.
“That is why as an international economic department we provide a wide range of support for business such as our award-winning export credit agency, UK Export Finance, GREAT.gov.uk and our International Trade Advisors.”
A new direct flight route from Manchester to Mumbai has also been secured by Jet Airways last week. Beginning in the Autumn, the new route will be a significant boost to exporters in the Northern Powerhouse as the new will see flights going between the two cities four times a week, improving connectivity in the process. The announcement comes following the visit of Baroness Fairhead to Mumbai and Bangalore earlier this year.
UK exports of goods and services as a whole increased by 12.1% to £622 billion last year, and with the UK gearing up to leave the European Union, the Department will shortly deliver a new Export Strategy to set out the government’s ambition to get businesses of all sizes exporting their products.
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