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EXCL: Britain is too dependent on China for imports in 71 goods categories key to critical infrastructure, finds new @HJS_Org report.
It has prompted 22 Tory MPs, led by @IoWBobSeely, to seek to amend trade bill to curb reliance. https://www.thetimes.co.uk/article/uk-is-too-dependent-on-china-for-critical-goods-tories-warn-bz6vhfvc0
It has prompted 22 Tory MPs, led by @IoWBobSeely, to seek to amend trade bill to curb reliance. https://www.thetimes.co.uk/article/uk-is-too-dependent-on-china-for-critical-goods-tories-warn-bz6vhfvc0
Report finds UK “strategically dependent” on China for active pharmaceutical ingredients needed to make painkillers, antibiotics & anti-viral drugs.
Plus industrial chemicals, variety of metal products and consumer electronics including mobile phones & laptops.
Plus industrial chemicals, variety of metal products and consumer electronics including mobile phones & laptops.
Report by @HJS_Org defines “strategic dependence” as goods where:
UK is net importer
UK imports >50% from China
China has >30% global market share
UK is dependent for 289 goods, of which 71 “critical”.
Across Five Eyes, it’s 5,910 goods, of which 319 “critical”.
UK is net importer UK imports >50% from China China has >30% global market shareUK is dependent for 289 goods, of which 71 “critical”.
Across Five Eyes, it’s 5,910 goods, of which 319 “critical”.
Tories have sent letter to Trade Sec Liz Truss, calling on gvt to:
- conduct annual audit of goods where UK is strategically dependent on authoritarian states such as China
- prioritise new trade deals that reduce this dependency
Signed by IDS, DD, Paterson, Seely & others
- conduct annual audit of goods where UK is strategically dependent on authoritarian states such as China
- prioritise new trade deals that reduce this dependency
Signed by IDS, DD, Paterson, Seely & others
Tories argue now is the moment to act & amend trade bill going through Commons, as Covid-19 pandemic has prompted all nations to reassess trade and supply security.
Britain among those to place new restrictions on export of crucial goods, as it has struggled to source PPE etc.
Britain among those to place new restrictions on export of crucial goods, as it has struggled to source PPE etc.
Public attitudes towards China appear to be hardening in UK.
In light of Covid-19 crisis, 63% of Britons support gvt adopting a tougher trade, investment & security policy towards China, mirroring US approach of recent years.
April @Survation poll commissioned by @HJS_Org
In light of Covid-19 crisis, 63% of Britons support gvt adopting a tougher trade, investment & security policy towards China, mirroring US approach of recent years.
April @Survation poll commissioned by @HJS_Org
Tory @IoWBobSeely says in op-ed for @timesredbox today: “Those that govern us need to wake up to the new reality.”
He says UK must reduce dependency on China and “negotiate a new future with Beijing that respects our economic, ethic & political values” https://www.thetimes.co.uk/article/our-leaders-must-wake-up-dependence-on-china-is-dangerous-s6vrsmq3j
He says UK must reduce dependency on China and “negotiate a new future with Beijing that respects our economic, ethic & political values” https://www.thetimes.co.uk/article/our-leaders-must-wake-up-dependence-on-china-is-dangerous-s6vrsmq3j
Here’s full @HJS_Org report 
“Breaking the China Supply Chain: How the ‘Five Eyes’ can Decouple from Strategic Dependency” https://henryjacksonsociety.org/publications/breaking-the-china-supply-chain-how-the-five-eyes-can-decouple-from-strategic-dependency/
“Breaking the China Supply Chain: How the ‘Five Eyes’ can Decouple from Strategic Dependency” https://henryjacksonsociety.org/publications/breaking-the-china-supply-chain-how-the-five-eyes-can-decouple-from-strategic-dependency/
