The biggest-ever Square Mile delegation to Latin America set off on Saturday 13th October as Lord Mayor David Wootton takes over the baton for the UK’s newly-invigorated policy towards Latin America.
Following visits in 2012 by the Prime Minister, the Foreign Secretary and other UK ministers, the financial and business City’s elected Ambassador heads for Mexico, Colombia, Argentina and Brazil for two weeks of high-level business.
The Law Society, the ICAEW and the London Stock Exchange are just three elements of the delegation, which totals 30 (although not all are visiting every one of the eight cities and four countries).
Lord Mayor Wootton, whose global year of work on behalf of London and the UK has taken him on 29 visits overseas and to UK cities, said:
‘Latin America is now established as key market for UK-based firms wanting to make a global impact.
‘BRIC country Brazil is clearly a major long-term partner but Colombia and Mexico, too, are in an exciting phase of development – and Argentina is a country with which the UK is very keen to establish deeper commercial ties.
‘Overall, the trade map for UK-based firms is changing, with more and more realizing that Latin America stands alongside the Gulf, India and China for those firms looking for opportunities.
‘The growth of new middle-classes across Latin America is matched by a growth in demand for infrastructure, business and legal advice, for financial services of all kinds – and project advice. Additionally, many of these countries are also looking to London when trying to decide on a platform for their globalising ambitions.’
The Lord Mayor, whose visits is arranged in conjunction and with the support of the FCO, UKTI, The Law Society and TheCityUK, arrives in Mexico City on 14 October, Bogota on 17 October, Buenos Aires on 20 October, and Sao Paulo on 23 October. In those and other cities the delegation will meet ministers, regulators, business leaders and bank governors, etc, as well as attending a series of conferences.