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There’s much benefit in cooperation with our Indo-Pacific friends as we boost trade

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Amidst high inflation and a difficult economic outlook, it would be easy for our country to turn inwards in search of a panacea. But to echo the sentiments of John Donne – a famous poet born in the City of London – “no man is an island, entire of itself”. The same is also true of island nations today.

The Covid-19 pandemic, climate change, and rising inflation are challenges that affect every part of the world, demonstrating how closely we are interconnected. Global problems need international as well as local solutions, as countries work together towards common goals.

This week I am visiting two of our trading allies – Indonesia and Japan –as part of the City’s mission to bolster UK trade and enhance collaboration with financial and professional services in the Indo-Pacific region.

Indonesia will host the G20 in autumn, and we hosted COP26 last year in the UK. These opportunities enable countries to boost climate ambition globally, and to drive progress........

© City A.M.

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