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And director-general of the British Chamber of Commerce (BCC), David Frost, welcomed the talks.
BBC: Alistair Darling has come under fire from big business
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The British Chamber of Commerce (BCC) also threw its weight behind the decision.
BBC: Bank leaves UK rates on hold
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Witnesses include the CBI, the British Chamber of Commerce, the Institute of Directors, London First and a good geographical spread of airport operators.
BBC: Week ahead in committees
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"This country is running out of rail capacity and rail travel, and the population is continuing to grow, " British Chamber of Commerce director-general David Frost told the Transport Committee on 29 June 2011.
BBC: Transport Committee
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Christopher Hammerbeck, the head the British Chamber of Commerce, says that while companies that need to access the Chinese market may continue to be based in Hong Kong, other firms may be driven away.
BBC: Pollution threatens Hong Kong's competitiveness
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He is addressing the first annual conference of the British-Irish chamber of commerce conference after holding talks with Irish President Michael Higgins on Thursday.
BBC: Carwyn Jones: Ireland crucial to Welsh economy
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More than 250 business people from local companies, business bodies and councils attended the event, which is co-sponsored by the Northern Ireland Chamber of Commerce and Industry and British European.
BBC: NI's top exporter is named
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The British Ceramic Confederation (BCC) and North Staffordshire Chamber of Commerce want to create a national ceramic skills academy in the city where the industry once thrived.
BBC: Ceramic painters fear traditional skills could die out