Paris, London plan Brexit-busting business, tourism tie-up

The Eiffel tower is illuminated in green with the words "Paris Agreement is Done", to celebrate the Paris UN COP21 Climate Change agreement in Paris. File image

The Eiffel tower is illuminated in green with the words "Paris Agreement is Done", to celebrate the Paris UN COP21 Climate Change agreement in Paris. File image

Published Mar 28, 2017

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Paris  - The capital cities of France and

Britain will pool their tourist development resources and offer

startup companies cheap rates on the Eurostar train link as part

of an attempt to limit the impact of Brexit, the Paris and

London mayors said on Tuesday.

"We are developing new exchanges and new projects. All these

initiatives will create employment, activity and economic

growth," Paris Mayor Anne Hidalgo said in a joint statement

before meeting her British counterpart Sadiq Khan in Paris.

"It is a very positive dynamic that the Brexit will not

change."

The two are meeting a day before the British government

starts the clock on a two-year divorce process from the European

Union and are seeking to reassure companies that the process

will be smoother than many anticipate.

Khan is due to arrive in Paris later on Tuesday to promote

the initiatives and to discuss security issues with Hidalgo and

French Interior Minister Matthias Fekl in the aftermath of last

week's attack on Britain's parliament.

Read also:  May set to start the #Brexit ball rolling

"The cities of Paris and London have made a choice to focus

on constructive alliance, rather than competition," the

statement said.

"We have so much to gain from joining forces," Khan added.

Economists expect Britain's referendum vote last summer to

significantly hurt trade and business links between the bloc and

one of its largest members.

The statement contained no details about the co-operation,

but said the two cities were working towards allowing startup

companies to have a joint Paris-London domicile.

They will also be pooling the resources of the

VisitLondon.com and Parisinfo.com tourism promotion operations

that oversee industries worth a combined 34 billion euros

($36.92 billion).

REUTERS

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