Below is the text of Mr Major’s speech to the Society of British Aerospace Companies, held in Seoul on Tuesday 5th March 1996.
The British Ambassador has a very compelling way of encouraging you to speak to audiences, he just announces that you are about to do so. But happily on this occasion I have no inhibition about that, not least because although this is my first visit to Korea I found it an enormously entertaining and worthwhile day and I look forward to coming back again.
I came here today essentially to follow-
We had of course met just a day or two earlier at the Europe-
When the President and I met a year or so ago, we agreed that we should try and increase the economic relationship between our two countries. Since then British exports to Korea have increased by about 45 percent, and Korean exports to the United Kingdom by 61 percent, and our two-
You can find the same sort of relationship in the interchange of investment, British in Korea and Korean in Britain. Indeed Britain now takes 40 percent of Korean investment across Europe, whilst Britain in turn is Asia's largest single investor. So I think there is a very firm basis for our two countries on which to build.
One of the changes that we are seeing around the world at the moment is I think an increased understanding across the world of the very remarkable changes that are happening in Asia, not least of course in Korea. The economic growth, the economic enthusiasm of what is happening in this part of the world is remarkable by any yardstick.
I have no doubt that the growth of trade between Europe and Korea, between my country and Korea, are bound to increase. We have signed a whole series of agreements to directly cooperate in a number of sectors, and as a result of that that is bringing a lot of British trade missions here to Korea and vice versa.
This reception marks the work of one of those trade missions -
I look forward to going back home on some future occasion in an airbus frame, a Rolls-
Let me just say that contacts between our countries of course are not just confined to business and governments. I think that contacts between the whole of Europe and the whole of Asia are becoming increasingly important.
So, of course, are contacts between people. There has been a very rapid growth in the contacts between Europe as a whole, the United Kingdom specifically, and Korea over recent years. We have, for example, an increase of Korean students in the United Kingdom of 20 percent last year and 20 percent the year before. I am also told that the United Kingdom is the top destination in Europe for Korean tourists and that none of them come to watch our cricket team, which I personally find astonishing.
We have, I think, complementary strengths -
Thank you for being here.