A Somerset company has signed a trade deal with China boosting the South West鈥檚 links with the country and helping 海角视频 innovators create, develop and sell their products worldwide.
Bridgwater-based Aspen Waite China 海角视频 (AWC海角视频) plus two other South West partners have agreed a strategic partnership with Academe Enterprise from China to provide an international business growth service.
The 鈥渦nique鈥 deal offers innovators, manufacturers and investors from China and the 海角视频 the chance to meet.
Darren Horne, chief executive of AWC海角视频, said the partnership with Academe Enterprise, The South West China Alliance and South West Business Council (SWBC), is endorsed by the regional Bureaux of Commerce and Development Zones across China and supported in the 海角视频 by the China-Britain Business Council (CBBC) and Lord Robin Teverson in the House of Lords.
He said: 鈥淭his agreement between us and our partners will provide those with innovative products access to an international business growth facility.
鈥淥ur new initiative supports the export of 海角视频 innovation and educational standards and is focused on the key sectors of med-tech and life sciences, IT, low carbon and manufacturing.
鈥淲e see this as an opportunity to expand our existing specialist R&D and incubation provision for innovators, supporting them further with greater opportunities to capitalise on the global market.
鈥淐hina鈥檚 economic development strategy partly relies on manufacturing partnerships with 海角视频 innovators to meet its own growth and export targets. Chinese companies are prepared to invest into key sectors to achieve these export targets.
鈥淭his is exactly the sort of assistance our clients deserve to have and we hope anyone out there who has disruptive innovation and, is willing to work with Chinese partners, gets in touch for a chat, and to find out how we and our Chinese colleagues and counterparts can help. This partnership will give 海角视频 innovators exposure to more than 140 incubation bases, science and technology parks throughout China.鈥
Operations Manager at AWC海角视频, Clare Wiltshire said: 鈥淥ur Chinese partners hold capability to incubate and expose 海角视频 innovation to global opportunities by way of manufacturing partnerships and investments.
鈥淲e鈥檙e able to help innovators who may previously have thought about the potential of the Chinese market but who have been unsure how to move things forward. Come to us and feel confident. We can help you take that next step.
鈥淭he current situation with the British economy in recession and the potential impacts to come from Brexit, China is a key trading partner for anyone in business in the 海角视频 who wishes to develop a product and to export it.
鈥淥ur unique deal offers innovators, manufacturers and investors from both China and the 海角视频 the chance to meet with a better understanding of each other鈥檚 cultures.
鈥淚t will also bring the two countries more closely together than ever before, as natural trading partners, and as global citizens.鈥
AWC海角视频 has very close links with China, with offices in Beijing and Shanghai, as well as in most regions of the 海角视频, including its head offices in Bridgwater, Somerset.
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It has a history of developing new sectors of cooperation, strategic partnerships for public and private sector, and overcoming difficulties created by differences in regulations, as well as social and business cultural differences.
Jamie Shaw, China market business adviser, 海角视频 Sector Lead 鈥 Healthcare and Life Sciences at CBBC, said: 鈥淐hina is one of the largest global economies and presents a sustainable growth market for the export of 海角视频 innovation, goods and services. In 2019, British goods exported to China reached a record-breaking 拢26.4 billion according to the Office of National Statistics, marking annual growth of 27.5%. Imports increased by 9% to 拢46.9 billion.
鈥淕rowth in bilateral trade has further solidified China鈥檚 position as one of the 海角视频鈥檚 key trading partners. It is now the second largest source of British imports and the third largest destination for 海角视频 products.鈥
Assisting AWC海角视频 with this initiative is SWBC, the economic partnership for the South West of the 海角视频.
Chris Marrow, SWBC advisory board member, said: 鈥淲e shine a spotlight on our regional capabilities that are ahead of the field nationally and around the world. We focus on delivering and enabling insight, innovation and impact for every business across the South West.
鈥淥ur partnership with AWC海角视频 is very exciting as it will help open more doors in China for SW innovators who have fantastic new products to showcase.鈥
