Bedford leading the way in trade with China
Local MP, Richard Fuller, has welcomed the news that the Bedford-based Aircraft Research Association (ARA) has signed an agreement to work with a major Chinese Aviation Organisation.
Aircraft Research Association Ltd (ARA), the United Kingdom’s leading aerodynamic research organisation and the Aerodynamics Research Institute of the Aviation Industry Corporation of China, AVIC ARI, have recently signed a Memorandum of Understanding to facilitate the establishment of joint research programmes, knowledge transfer activities and commercial projects.
ARA has already begun work on the first commercial contract established between the two companies and talks are underway regarding future joint research projects.
Both organisations recognise that by establishing this agreement to undertake joint research they will be able to provide a superior service to their customers in the future and continue to enhance their positions and reputations within the aerospace industry.
Richard Fuller said:
“With David Cameron only this week leading a trade delegation to China, it is wonderful to see the Bedford-based firm, ARA, leading the way with this important international agreement.”
Business Secretary Vince Cable said during this week’s trade mission to China:
“Aircraft Research Association’s expanding presence in China is testament to the strong economic relationship between China and the UK, and to the benefits that trade and overseas investment can bring to UK companies.”
Dougie Hunter, ARA’s Chief Executive added:
“We are committed to expanding and improving ARA’s capabilities and in turn our presence within the global aerospace environment. This agreement provides an excellent opportunity to explore new technologies whilst utilising the synergies between the two organisations.
“We are continually looking at potential strategic partnership arrangements to ensure ARA remains at the forefront of Aerodynamic research and development and is recognised as a local employer of highly skilled and talented people.”