Oral Answers to Questions
Debate between Bob Blackman and George Hollingbery(5 years, 9 months ago)
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Bob Blackman (Harrow East) (Con)
The Minister for Trade Policy (George Hollingbery)
India is an important part of our future trading arrangements. The UK-India joint trade review has enabled us better to understand the bilateral trade relationship by examining trade flows and barriers that could be jointly addressed. Collaboration is continuing to address barriers in the food and drink, life sciences and information and communications technology sectors. The appointment of Her Majesty’s trade commissioner in 2018 also provides a joined-up and co-ordinated Government effort to promote UK trade and prosperity in India.
Bob Blackman
I thank the Minister for his answer. He will be aware that the UK is the third biggest investor in India and India is the third biggest investor in the UK. What more can we do to ensure that we increase the trade as we leave the European Union and set out on our own free trade mission across the world?
George Hollingbery
I thank my hon. Friend for his question. Crispin Simon, the aforementioned HMTC, is leading the Department’s network to grow trade in key sectors. UK exports to India grew by 28%, to £7.9 billion, in the year ending quarter 2 2018, making that seven consecutive quarters of growth. Goods exports increased by 38% in the same period. Following the launch of the UK-India technology partnership by the Prime Minister and Indian Prime Minister Modi in April 2018, there have been many successes, including the healthcare AI catalyst programme. We have worked closely with many companies, such as BT, Rolex, Diageo, GlaxoSmithKline, Marks & Spencer and G4S.
EU Free Trade Agreements
Debate between Bob Blackman and George Hollingbery(5 years, 9 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Urgent Questions are proposed each morning by backbench MPs, and up to two may be selected each day by the Speaker. Chosen Urgent Questions are announced 30 minutes before Parliament sits each day.
Each Urgent Question requires a Government Minister to give a response on the debate topic.
This information is provided by Parallel Parliament and does not comprise part of the offical record
George Hollingbery
It is a complex web we weave, and there are clearly incentives in many different directions for many different companies. I have every sympathy with workers in Wales and others who find their jobs threatened by the decisions that companies make. The UK Government continue to engage with those companies, and to try to mitigate any moves they may make. We engage widely through POST with the parent companies of many of those organisations, and we are doing everything we can to ensure that foreign direct investment continues in the UK. Indeed, the United Nations Conference on Trade and Development announced a week or two ago that the UK remains Europe’s primary choice for foreign direct investment.
Bob Blackman (Harrow East) (Con)
For the avoidance of doubt, will my hon. Friend confirm at what point we will be able to sign our own independent free-trade agreements with countries around the world?
George Hollingbery
The withdrawal agreement and political declaration are clear: we will be able to negotiate with third-party countries once we have gone through the process of withdrawal and after Brexit day, but we will not be able to sign and implement those agreements until the end of the implementation period.