Skip to main content

WALES LOSES OUT ON ECONOMIC OPPORTUNITIES (AGAIN!)

According to various press reports, several lucrative business and Government contracts are due to be signed with China this week when Li Keqiang, its vice premier, visits the UK.

Mr Li, who is widely expected to become Chinese Premier in the future, began his four-day trade mission yesterday with a trip to Scotland to hold separate talks with Alex Salmond, the First Minister, and Michael Moore, the Scottish Secretary.

He was scheduled to visit the Pelamis wave energy project in Edinburgh as much of the bilateral talks will focus on Scotland’s renewables and low-carbon energy industry. The First Minister also hosted a lavish state banquet at Edinburgh Castle, having visited China twice in each of the last two years to promote Scottish enterprise.

Mr Salmond said: “It is important the Scottish Government, our agencies, businesses and educational organisations continue to do all they can to advance our relationship with China, particularly as we pursue every opportunity to build sustainable economic growth across Scotland. I am delighted the vice premier will begin his state visit in Edinburgh. China already has the largest deployment of on-shore renewable technology and Scotland is a world leader in off-shore energy.”

Of course, the obvious question is why is Wales being excluded from the agenda for the visit by this high-powered Chinese delegation, which consists of 50 Government officials and 100 business leaders, and is viewed as important to increasing Britain’s trade with China?

Given that our export performance is the worst of all the UK regions and we have the lowest proportion of exporting businesses, surely it should be a WAG priority.

More importantly, has anybody asked why WAG is so slow off the mark when it comes to building links with the major economies of the World?

Is it because, for much of 2010, the civil service and politicians were obsessed with the internal wranglings of the now defunct International Business Wales (IBW), rather than on going out there and selling Wales to the World?

As the visit is being organised by UKTI, there is obviously an issue here regarding the relationship with the UK Government's main overseas business advocate. Surely, it isn't that difficult for WAG and UKTI to work more closely together?

Only last week, Ieuan Wyn Jones went on record to say that  “Raising the profile of Wales in the UK and overseas has been a goal and a priority of mine for some time. One of the key priorities of our new policy ‘Economic Renewal’ is making Wales a more attractive place to do business and the image and reputation of Wales is an important influence on and reflection of the business environment".

It doesn't say much for the profile of Wales in the UK and overseas when we are snubbed by one of the the most important business delegations to visit these shores in recent years.  More importantly, what efforts are being made by our civil servants to build these links with major trading partners rather than relying on spending millions of pounds on yet another trendy, visually pleasing but ultimately pointless marketing campaign?

If Alex Salmond has visited China twice in the last year, what is the record of our own First Minister in this regard? How many trade missions has the Deputy First Minister led during 2010?

Someone suggested to me recently that Welsh politicians are being told not to travel abroad because it is not "the thing to do" when public finances are under pressure. If that is the case, then someone has clearly lost the plot because of the increasing obsession by the press and some politicians over the travel expenses of those who are trying to promote our nation to the World.

Indeed, if such attitudes are prevalent within those who advise our senior politicians and prevent them from visiting key trading partners, then it is no wonder that Wales has been ignored by one of the most important trade delegations to visit these shores in recent years.

Comments

Popular posts from this blog

THE IMPORTANCE OF FRANCHISING

When we talk about start-ups and entrepreneurship, rarely do we discuss the potential of franchising not only as a way of establishing new ventures in the economy but also as a method of growing existing businesses. According to the British Franchising Association, franchising is the granting of a licence by one person (the franchisor) to another (the franchisee), which entitles the franchisee to own and operate their own business under the brand, systems and proven business model of the franchisor. The franchisee also receives initial training and ongoing support, comprising all the elements necessary to establish a previously untrained person in the business. This enables individuals to start their own businesses without having to develop their own ideas and utilising an existing brand and established market. Of course, whilst each franchise business is owned and operated by the franchisee, the franchisor controls the quality and standards of the way in which the business is

THE MANUFACTURING STRATEGY FOR WALES

Last night, I received the following comment on the previous post relating to a piece I had written back in early 2007 about the state of the manufacturing sector in Wales. "Dylan, you seem to be ignoring the fact that manufacturers in Wales have written the manufacturing strategy. Small and large manufacturers, all represented at the Manufacturing forum, have co-written this strategy. WAG has recently supported this strategy and have funded a co-ordinator with resources. Manufactures are happy with this progress as they are following the strategy they wanted. I know that the Conservatives have attacked the strategy as they seem to think that WAG wrote the strategy. They couldn't be more wrong. The Manufacturing Strategy was written by manufacturers, for manufacturers and is supported by WAG. If you don't agree with this, then I can invite you to the next Manufacturing Forum and you can explain to the manufacturers how their strategy is wrong....I appreciate that there is

INTRAPRENEURSHIP

Whilst we often consider entrepreneurship to be associated predominantly with new start-ups, larger firms - in order to compete effectively in fast-changing global markets - are adopting more innovative and enterprising approaches to management within their organisations. One of these approaches is the development of entrepreneurship within a corporate environment (or intrapreneurship). Research has shown that intrapreneurship is not easy, and there are considerable differences between an intrapreneurial and a traditional corporate culture, with the latter having an emphasis on a culture and reward system that tends to favour caution in decision-making. For example, large businesses rarely operate on a "gut-feeling" for the market-place, as many entrepreneurs do. Instead, large amounts of data are gathered before any major business decision is made, not only for use in rational business decisions, but also for use as justification if the decision does not produce optimu