British Foreign Secretary William Hague is in East Asia seeking to strengthen UK business and political ties in Korea, Mongolia and Japan.
Today marks the start of Foreign Secretary William Hague’s visit to South Korea, Mongolia and Japan. It is part of his drive to strengthen and deepen UK ties with the world’s major economies outside Europe.
Between 2011 and 2012, UK exports to South Korea increased by 57%. Japan is the world’s third largest market and the second biggest source of Foreign Direct Investment in the UK, while Mongolia’s economy holds enormous potential for British businesses.
The Foreign Secretary said, “Under this government, the Foreign Office is working harder than ever to connect the British economy and British-based businesses to opportunities across Asia.
“I have come to South Korea, Mongolia and Japan to enhance our relationships and promote the UK’s long-term interests. I am due to meet British business leaders who have already made their mark here, and explore how we can help others to follow their lead.
As one of the few countries expanding its diplomatic network across Asia, I want to see Britain forging even stronger political and commercial relationships here. I look forward to working more closely with our like-minded partners to promote trade and prosperity in both directions.
During his visit William Hague will meet the Presidents of South Korea and Mongolia as well as the Foreign Minister of Japan. He will also meet the Japanese Olympics Minister following Japan’s successful bid for the 2020 Olympic Games.
In Mongolia he will hear about the trade and investment opportunities opening up across the country, including the Oyu Tolgoi mine, a joint venture between Rio Tinto, Turquoise Hill Resources and the Government of Mongolia, and the largest financial undertaking in Mongolia’s history.