Tuesday 29th October 2013

(11 years ago)

Commons Chamber
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Lord Swire Portrait Mr Swire
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We greatly welcome the flourishing of UK-Israel trade, which is the result of concerted efforts by the Government, including, as my hon. Friend said, the creation of the UK-Israel tech hub, which celebrated its second anniversary this month, and our burgeoning co-operation with Israel in respect of life sciences, which was cemented in an memorandum of understanding on science co-operation, signed by my right hon. Friend the Foreign Secretary during his recent visit to Israel in May.

Anas Sarwar Portrait Anas Sarwar (Glasgow Central) (Lab)
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Half of Scotland’s trade is with the rest of the UK, and half of the UK’s trade is with the rest of Europe. Will the Minister outline the benefits Scotland gets from the wider exports that the UK does with the world and the economic benefits that that brings for my constituents and others in Scotland?

Lord Swire Portrait Mr Swire
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Yes, with both pleasure and conviction. Scotland benefits from being part of the UK in this renaissance of trade that the UK is undergoing. I must point to a recent fabulous article in Le Monde, which said we can now predict sustainable future growth—gone are fears of repeated recessions and new injections of liquidity. The jobs market and consumer confidence are both improving—improving for the United Kingdom and improving for Scotland, as well as for England, Wales and Northern Ireland.