Posted on 07/29/2006 3:40:55 PM PDT by NormsRevenge
Promoting Britain's biotech businesses will be at the top of British Prime Minister Tony Blair's agenda when he meets with California's government and industry leaders over the next few days.
It is the first visit to the state by a sitting British prime minister, and Blair's visit demonstrates how aggressive his country has become in courting investment in its booming high-tech industries.
In particular, Blair is keen to promote Britain's commitment to stem cell research, and will meet with executives from California's biotech companies on Monday. Blair's official spokesman said that a conference on stem cell research - between Californian and British researchers - is planned for November in Britain.
Britain considers itself a world leader in stem cell research, and the government is providing $186 million for the industry over the next two years.
California's massive economy - the world's seventh largest - is cited as the main reason for the prime minister's historic trip. Britain exports $5.2 billion worth of products to California, and imports $15 billion in goods from the state, and Blair would like to see those figures balanced.
Blair is also using the visit as an opportunity to feature Britain's commitment to its $22 billion pharmaceutical industry. While in California, the government is releasing a report that details how legislation enacted in 2005 has deterred animal rights extremists, who often focus on the industry.
On Saturday, Blair is to attend a reception for business and community leaders at the home of George Shultz, the former Secretary of State. And on Sunday, Blair is scheduled to address a meeting of News International executives, with his speech focusing on Britain's place in the global economy. Former President Bill Clinton is expected to attend, as is Shimon Peres, the former Israeli prime minister.
Rupert Murdoch's media company is extremely influential in British politics, and the backing of the tabloid newspaper The Sun has been crucial for Blair's Labour Party.
But Blair is also in California to highlight his stance on climate change. He is expected to discuss the need to develop cleaner technology during visits with business leaders and lawmakers, including Gov. Arnold Schwarzenegger and Los Angeles Mayor Antonio Villaraigosa.
In Los Angeles, Blair is to attend a round-table discussion with Schwarzenegger, as well as Lord Browne, the chief executive of London-based oil giant BP and Richard Branson, the billionaire founder of the Virgin Group of companies.
During his Monday meeting with Villaraigosa, Blair will be joined by London mayor Ken Livingstone, and an announcement will be made about reducing greenhouse gases in both cities, a London City Hall official said on condition of anonymity, as the details have not yet been publicly released.
Blair to join galaxy of stars at Pebble Beach (A Rupert Murdoch Production)
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