Mark Boleat, Policy Chairman at the City of London Corporation, comments in response to the UK government’s announcement of applying to join Asian Infrastructure Investment Bank.

Policy Chairman Mark Boleat said:

“The Chancellor’s announcement of the UK applying to be the first major Western member of the Asian Infrastructure Investment Bank further demonstrates the importance of the Asian market to the UK. With more than 20 Asian countries signed as funding members, the bank will contribute more funding for development of infrastructure in this region. Infrastructure, advanced engineering, financial services, and green technology are the areas where the UK excels and industries that are in increasingly high demand as the Asian economies continue to grow rapidly. Further engagement in these areas are new ways to support the development of the comprehensive strategic partnerships between the UK and its Asian partners. ”