China and the United Kingdom are advancing discussions on a bilateral services trade agreement, aiming to enhance cooperation in high-value service sectors. This development comes as both nations seek to fortify their economic partnership amid prevailing uncertainties in global trade dynamics.
At the recent China-UK Joint Economic and Trade Commission meeting in London, Chinese Commerce Minister Wang Wentao extended an invitation for increased British business investments while urging the UK to maintain a fair and non-discriminatory environment for Chinese companies operating within its borders. The two countries reiterated their support for the rules-based global trading system under the World Trade Organization’s framework.
UK Business and Trade Secretary Peter Kyle emphasized the importance of expanding cooperation in services as a cornerstone of the bilateral relationship. He noted that the rapid growth of China’s services sector presents significant opportunities for British businesses. The UK, he affirmed, is committed to fostering deeper collaboration through the bilateral services partnership and the ongoing feasibility study for the trade agreement.
During the discussions, China expressed concerns over Britain’s recent steel import restrictions, urging a revision to ensure compliance with international trade standards. This issue underscores the complexity of the trade relationship between the two countries, as they navigate both collaborative initiatives and regulatory challenges.
Experts suggest that the proposed services trade agreement could unlock new prospects in various sectors such as finance, banking, education, professional services, skills training, and creative industries. Meanwhile, the trade of goods between China and the UK continues to thrive, with a 6.5% increase in bilateral goods trade recorded year-on-year in the first five months of 2026.