Page 17
(Full page photo of Dr. Vince Cable)
Q. Do you follow the theories that we must look east for business opportunities to the powerhouses of India and China?
A. There is a profound change in the world economy taking place: a rapid shift in its centre of gravity to emerging, or re-emerging, economies like China and India. They will dominate the world economy and international trade for years to come. Specifically, the global middle class is likely to grow to more than a billion people by 2030. China is witnessing 10 per cent quarterly growth, while India’s growth is not much less. That’s not a theory, it’s a fact, and it means UK firms, and UK goods, have great potential opportunities. But it goes further than China and India. Turkey, Mexico, the Middle East, Brazil, Russia and Africa all present opportunities for our firms, products, technology or services; and the UK presents opportunities for companies from these countries to invest.
Q. India has been very much in the headlines recently. With your recent visits there with a huge business delegation, do you feel India represents the UK’s biggest growth prospects in terms of international trade?
A. Our bilateral trade with India is relatively poor considering our historical ties. So it is certainly one area where (Continued on page ...)
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52