Oral Answers to Questions Debate
Full Debate: Read Full DebateAndrew Bowie
Main Page: Andrew Bowie (Conservative - West Aberdeenshire and Kincardine)Department Debates - View all Andrew Bowie's debates with the Department for International Trade
(3 years, 4 months ago)
Commons ChamberWe are adopting a targeted approach to this issue, to make sure that we address the violations of rights and responsibilities. We have designated individuals and entities that have been involved in such violations. This is a smart tool, carefully targeted to achieve its goals, while minimising potentially negative wider impacts. It is not designed with a view to imposing sanctions on sectors within countries, for example.
Sweden is a close ally of the UK on trade policy and a close partner in our day-to-day trading relationship. I was the first UK Minister to visit Sweden after the EU referendum, and through our excellent DIT team in Stockholm, we work hard to promote trade and investment between the UK and Sweden.
I thank my right hon. Friend for his answer. According to a recent report by the Swedish chamber of commerce for the UK, almost 40% of Swedish businesses are optimistic about business growth in the UK and 70% continue to see the UK as an important step in international expansion. Does he agree that developing links with this greatest Scandinavian country, which shares our values and our growing economy, would be good for the UK, good for jobs and good for developing relations with our partners in the European Union?
I commend my hon. Friend for his work as the chairman of the British-Swedish all-party parliamentary group and his mention of the excellent Swedish chamber of commerce for the UK, which was on one of my recent webinars. In my recent call with Swedish Trade Minister Anna Hallberg, we agreed to co-host a bilateral trade and business forum later this year. We have excellent trade co-operation with Sweden in sectors such as technology, financial services, defence and clean energy, so I very much share my hon. Friend’s optimism.