London 21st September Global Business News conference on Global Mobility
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12:49 PM (2 hours ago) | |||
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Thank you both for your time earlier…
As discussed a brief skeleton overview below of what we are looking to achieve:
Event timing – 9am to 3pm
9-10am will be registration and morning coffee.
10-1pm Focused on Repatriation/Adaptability of International Assignees from All Sides
1pm – 1:45pm Lunch and Networking
1:45pm -3pm Focused on Virtual Expression Science (Facial Tells) and AI Tech
3pm onwards Social Drinks around Canary Wharf
How many guests shall we aim for 40?
Title of the Event – Repatriation/Adaptability of International Assignees from All Sides
VIEWS
- – 1pm speaker to include Tax potential BDO
Immigration potential BDO
HR how to motivate a repatriate and potential risks
HSBC how we help corporates across borders a client example
Mental/Emotional – Expatology
Assignees Experience? Find a truly global expat to give there opinion.
Relocation – AGS360
Q&A after each speaker to discuss key points raised?
Potential Slido poll with questions for the audience or a table group feedback on top 5 for a repatriation
I am have missed a few ideas we had here?
1:45 – 3pm Focused on Virtual Expression Science (Facial Tells) and AI Tech
If we can get the speakers in the room – I have a few AI experts I can reach out to, Ed to reach out to Deloitte to see if they have someone in the UK to support
I would say the remit for each speaker needs to be provided so it stays on point and does not stray into different areas……and flows from speaker to speaker….we would need to provide them a brief.
Let me know if I have missed anything, once we have above complete – Hitesh will support with getting the invite sorted with you Ed.
Loved your chat with Joseph – Ed….
Regards
Kulvinder Singh Shokar
Business Development Manager | Overseas Indian
Wealth and Personal Banking | HSBC UK
Level 6, 1 Centenary Square, Birmingham, B1 1HQ
Mobile: 07468 703379
E-mail: kulvinder.shokar@hsbc.com
Website: www.hsbc.co.uk
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GLOBAL LONDON 2.0™
will be presented in mid-SEP in London,
host sponsored/facilitated by the global trade bank HSBC on Canary Wharf;
top-sponsored by AGS Worldwide;
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📣 BREAKING NEWS: The UK has now officially joined the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Joining CPTPP will give UK businesses new opportunities in the dynamic Indo-Pacific region.
Read more 👉 https://t.co/5kuWlpedem pic.twitter.com/ytlPMRa2E7
— Department for Business and Trade (@biztradegovuk) July 16, 2023
The report found CPTPP investment accounted for:
- Over £240 billion in turnover in London, £35 billion in the South East and £18 billion in the East of England
- The creation of 26,000 jobs in 2021 and 2022
- 75% of all employment in CPTPP-owned businesses was outside of London
- One in 50 jobs in the North East
- One in every 25 jobs in the manufacturing sector
The report also found that CPTPP companies punch above their weight economically. While they account for 0.3% of all businesses in the UK, they generate 6.1% of the UK’s total turnover – 20 times higher than the proportion of businesses they represent.
The UK will be the first European member and first new member since CPTPP was created, which would have been impossible had we remained in the EU. With the UK as a member, CPTPP will have a combined GDP of £12 trillion and account for 15% of global GDP.
The Government will now take the steps needed to bring the agreement into force, expected to be next year.
Being part of CPTPP will mean that more than 99 per cent of current UK goods exports to CPTPP countries will be eligible for zero tariffs. Dairy farmers, for example, will benefit from reduced tariffs on cheese and butter exports to Canada, Chile, Japan and Mexico. This builds on the £23.9 million worth of dairy products we exported to these countries in 2022.
The agreement is a gateway to the wider Indo-Pacific which is set to account for the majority of global growth and around half of the world’s middle-class consumers in the decades to come, bringing new opportunities for British businesses and supporting jobs.
Additional benefits of UK accession to CPTPP include:
- Boosting services: The UK is the world’s second largest services provider and services accounted for 43% of our trade with CPTPP members last year. Joining the agreement can reduce red tape – UK firms will not be required to establish a local office or be resident to supply a service and will be able to operate on a par with local firms.
- Increased flexibility: Modern ‘rules of origin’ could make British businesses more competitive by allowing them to trade more freely across the trade area. For example, UK car manufacturers could sell car engines tariff-free to a car maker in the grouping who could then sell those cars tariff-free to any other member country, subject to meeting the rules of origin. This is currently not possible under all the bilateral trade agreements the UK has in place with CPTPP members and will help exporters diversify their supply chains and create new export opportunities.
- Pro-investment: Investment between the UK and CPTPP countries is expected to increase as the agreement contains provisions to limit barriers and encourage more inward investment. Inward investment stocks to the UK from CPTPP countries were worth £182 billion in 2021.
- Cutting-edge: Remotely delivered services from the UK to CPTPP were worth £23 billion in 2021. CPTPP sets modern rules for digital trade across all sectors of the economy and will support UK businesses of all sizes to seek new opportunities in CPTPP markets.
- New Markets: Joining means we will have a Free Trade Agreement with Malaysia for the first time, giving businesses far more access to an economy worth £330 billion in GDP in 2022. Tariffs of around 80% will be eliminated on UK exports of whisky within 10 years and tariffs of 30% on UK exports of cars will be eliminated within 7 years, helping the UK get a larger share of the market.
- Cheaper consumer prices: Reduced tariffs on imported goods could also lead to cheaper prices for British consumers on high-quality products like fruit juices from Chile and Peru and honey and chocolate from Mexico.
The UK has formally signed the treaty confirming the UK’s accession to CPTPP – the Indo-Pacific trade bloc now worth £12 trillion in GDP – in New Zealand this morning [Sunday 16th].
Business and Trade Secretary Kemi Badenoch formally signed the treaty to accede to CPTPP trade group, kickstarting the UK’s membership of a modern and ambitious trade deal spanning 12 economies across Asia, the Pacific, and now Europe.
The Secretary of State was in Auckland to put pen to paper on this mega deal, alongside New Zealand Trade Minister Damien O’Connor, Canadian Trade Minister Mary Ng, Japanese Minister for Economic Revitalisation Goto Shigeyuki and Australian Deputy Trade Minister Tim Ayres.
The signature is the formal confirmation of agreement for the UK to join the group, following substantial conclusion of negotiations earlier this year. The Government will now seek to ratify the agreement, which will include parliamentary scrutiny, whilst other CPTPP countries complete their own legislative processes.
The signing comes as a new government report reveals one in every 100 UK workers was employed by a business headquartered in a CPTPP member nation in 2019, equating to over 400,000 jobs across the country.
Membership of the trade group is expected to spark further investment in the UK by CPTPP countries, already worth £182 billion in 2021, by guaranteeing protections for investors.\
Ian Stuart, CEO at HSBC UK, said:
The UK’s formal accession to CPTPP marks a significant milestone for UK trade, enabling ambitious British businesses to connect with the world’s most exciting growth markets for start-ups, innovation and technology. At HSBC UK, we are incredibly excited about the opportunities this agreement presents; as the world’s leading global trade bank we will support UK businesses to achieve their full potential and open up a world of opportunity.
Cath White, Head of International at Belvoir Farm said:
The UK’s accession to CPTPP will mean more than 99% of UK goods exported to CPTPP member countries will be eligible for zero tariffs. It will also ease administrative and commercial trade barriers to allow talented and passionate UK producers to tell their story on a worldwide scale. At Belvoir Farm, we export 20% of our turnover to markets across the globe, with one third of exports bound for Indo-Pacific markets, including Australia, New Zealand, Japan and Singapore. This is a fantastic opportunity to grow British brands, especially this year when the spotlight is on the UK.
Ian Galbraith, Group Strategy Director at Mott MacDonald, said:
Mott MacDonald is strongly supportive of UK accession to CPTPP and proud to have been part of the technical board advising the British negotiating team. The Partnership’s ambitious services and procurement chapters pave the way for greater recognition of professional competence in engineering and architecture, and establish open, fair and transparent competition rules in government procurement, allowing world-leading firms like Mott MacDonald to win and service new contracts across the many countries covered by CPTPP.
Speaking ahead of the signing, Kemi Badenoch said:
I’m delighted to be here in New Zealand to sign a deal that will be a big boost for British businesses and deliver billions of pounds in additional trade, as well as open up huge opportunities and unparalleled access to a market of over 500 million people.
We are using our status as an independent trading nation to join an exciting, growing, forward-looking trade bloc, which will help grow the UK economy and build on the hundreds of thousands of jobs CPTPP-owned businesses already support up and down the country.
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Olivia Cooper
Author, Co Head of Private Wealth & Head of Family Office at Axiom DWFM
TEDx Speaker | ESG | Sustainability | Structuring | Capital Placement