London and Paris have formed a partnership that aims to encourage and facilitate the flow of trade and investment between the two cities. An effort to ensure that entrepreneurs are able to develop their business in both markets.
The partnership was announced just one day before the UK triggers article 50 – the formal process of Britain leaving the EU.
The mayors of the two cities announced joint tourism and business collaborations to attract international visitors to both cities and help companies based in London and Paris to expand into new international markets.
The “Paris-London business welcome programme” will help startups jointly domicile in both cities, in additon to support for entrepreneurs, including aid in access to working space and the local tech ecosystem, as well as discounts on accommodation.
According to London and Partners, the Mayor of London, Sadiq Khan, said: “London and Paris are two of the greatest cities in the world and we have so much to gain from joining forces.
“Never underestimate the incredible benefits to be found when major cities do business together.
“Our great friends in Paris and across the continent are well aware that working closely together remains to our mutual benefit.”
The Mayor of Paris, Anne Hidalgo, said: “Paris and London share common values and willpower.
“We want to be attractive to companies all over the world. Since the election of Sadiq, our two cities have been working better together.
“We are developing new exchanges and new projects.
“All these initiatives will create employment, activity and economic growth. It is a very positive dynamic that the Brexit will not change.”