According to Reuters, the UK's Minister for Investment stated on November 27 that efforts are underway to attract Chinese automakers to establish manufacturing plants in the UK, emphasizing the crucial role of Chinese investment in helping the UK achieve its environmental goals.
Earlier this month, UK Prime Minister Rishi Sunak appointed former Prime Minister David Cameron as Foreign Secretary, a move that raised concerns among some Conservative Party members about the UK government's stance towards China.
As a former prime minister, Cameron had declared a "Golden Era" in Sino-UK relations in 2015, but Sunak has stated that this era has come to an end.
Speaking at the Foreign Direct Investment Summit held at Hampton Court on November 27, UK Minister for Investment Dominic Johnson stated that despite political differences, business negotiations can proceed normally.
Johnson remarked, "Chinese investment is crucial for achieving our net-zero targets. I welcome strong business cooperation between the two countries in reciprocal investments." He added that he would prefer Chinese automakers to manufacture cars in the UK rather than importing them, emphasizing, "Without a doubt, my goal is to attract Chinese automakers."
On the other hand, Sunak reiterated his position that cooperation with China is possible in certain areas after safeguarding British interests in particularly sensitive sectors. The UK is reassessing the recently introduced National Security and Investment Act, which has been criticized for overly restricting trade agreements supported by China.
Johnson expressed concern that the act might create an impression of "escalating conflict." However, he clarified that the legislation is only used to intervene in a small number of transactions, asserting that such protective measures are appropriate. This year, the UK has announced several automotive investments, including a new Tata super factory and Nissan's investment.
When asked about progress in negotiations on rules of origin with the EU, Johnson expressed regret. He stated, "We have been very clear that we must work closely with our European partners to avoid a deadlock on rules of origin, as this would be detrimental to both sides. We hope to reach a sensible and pragmatic solution to assist our automotive industry."
