Trade links with Kurdistan (6)

Meeting: 
MQT on 2015-03-25
Session date: 
March 25, 2015
Reference: 
2015/1110
Question By: 
Fiona Twycross
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

What is the methodology you used to assess the success of this trip in terms of investment secured for London balanced by costs incurred?

Answer

Answer for Trade links with Kurdistan (6)

Answer for Trade links with Kurdistan (6)

Answered By: 
The Mayor

Over two days I met with more than 60 representatives from Kurdish businesses, including opening doors to export opportunities for the newly formed British Business Group at a time of increasing foreign competition.

The British Consul General in Erbil advises that I was able to showcase the existing UK business contribution to local economic growth, and identify what more can be done to raise UK exports. In meetings with Kurdistan Regional Government (KRG) Ministers I highlighted the benefits of British business expertise at a time when the KRG is close to concluding a $1.1bn infrastructure contract with a UK company, which would create much needed jobs in the UK. As the KRG seeks to raise funds through bonds, it is turning to the City's financial services sector and supporting important jobs for Londoners.