On 7 November 2020, the Government published new guidance designed to help UK businesses manage ethical, legal and commercial matters when working in China or with Chinese companies. A Government website has been developed in response to demand from the tech sector seeking guidance around opportunities in China.
The guidance sets out the key issues that digital and technology SME’s should consider as they weigh the benefits and risks of commercial ventures, as well as signposting specialist sources of advice. The site will support safe and appropriate UK-China collaboration in digital and tech.
China is the UK’s third-largest export market and the world’s second largest and fastest-growing major economy. The Government’s guidance will help SMEs to make a success of business ventures linked to China, to choose the right partners and to manage risk by taking appropriate steps.
The website is designed to complement measures announced in June to support UK tech companies to seize trade and investment opportunities overseas, including a new Digital Trade Network for Asia-Pacific, which will support UK SMEs to break into the Asian market, and a new Tech Exporting Academy to provide expert advice to UK scaleups on subject areas essential to expansion, including regulation, intellectual property, and compliance.
More information can be found here.