(6 years, 1 month ago)
Commons ChamberThe companies in Bristol seem to know already what is going on, without requiring any contribution from the hon. Lady—financial or otherwise. They are not only creating huge numbers of jobs, but are among the best export hubs in the whole of the United Kingdom, showing excellence in whole areas from the creative industries to aerospace. She need not worry too much.
There are a number of events up and down the country. I will be hosting events in my own constituency, using the export hub. A number of Members will already have used the hub in their own constituencies. This is a great initiative, and it is a chance for MPs of all parties to show just how much support they give to small businesses. I know that a number of MPs hosted events up and down the country last year. I will be doing so, and I urge my hon. Friend to do so, although I am sure he requires no urging whatsoever. I hope that Members on both sides of the House will use this opportunity to celebrate the success of small business.
(6 years, 10 months ago)
Commons ChamberThe Prime Minister’s trade envoys do a great job engaging with countries where trade and investment opportunities have been identified. Last year, trade envoys helped contribute to export wins of more than £15.5 billion in their markets. Based on an outlay of just under £250,000 for the programme over the same period, each trade envoy, on average, supported £700 million in exports.
Does my right hon. Friend plan to appoint any further trade envoys beyond those already appointed?
That is the least disguised job application that I have heard in some time. There are 30 trade envoys covering 60 markets around the world. The programme is reviewed regularly in consultation with our overseas team and any new suggestions are put to the Prime Minister. I will let my hon. Friend know as soon as possible if any vacancies occur.
(7 years, 5 months ago)
Commons Chamber7. What recent discussions he has had with his counterparts in other Commonwealth countries on the future of trade and investment between the UK and those countries.
Ministerial colleagues and I regularly engage with business stakeholders and policy makers in Commonwealth partner countries. In March, my noble Friend Lord Price and I met over 20 visiting Trade Ministers at the inaugural Commonwealth Trade Ministers meeting in London, and we discussed strengthening collaboration and deepening intra-Commonwealth trade and investment. We are now preparing for the Commonwealth summit in 2018.
We are sympathetic to the concept of an African continental free trade area, and we are in favour of a range of initiatives to help foster wider and greater intra-Commonwealth trade. There is a great deal to be gained for all Commonwealth partners from closer co-operation. The Government’s aim—including through the development agenda championed by my right hon. Friend the Secretary of State for International Development—is to create sustainable prosperity, and helping developing countries to enable them to trade their way out of poverty is an essential and key element of that strategy.
Britain and the Commonwealth nations share a great history, and over the years have formed many great links across academia, sport, culture and numerous other areas. What steps has my right hon. Friend taken to expand this co-operation with Commonwealth countries to include a free trade agreement, so that we can add business and commerce to the long list of Commonwealth co-operative endeavours?
As my hon. Friend knows, the Commonwealth is not a trading bloc, and it actually contains a number of very disparate economies. We are liaising with several Commonwealth partners about bilateral agreements in the future, and my Department is working with stakeholders to develop initiatives that will stimulate UK and intra-Commonwealth trade and investment in the lead up to and beyond that vital Commonwealth summit next year.
We are all concerned about the overproduction of steel, largely coming from China, and what we have seen as possibly unacceptable subsidies into that sector, but it needs to be addressed in a way that is compliant with the WTO rules-based system. I raised with Secretary Ross and the trade representative, Mr Lighthizer, the impact that could have on the United Kingdom, and it is fair to say that our views landed. We now await the publication of the report, on which the President has up to 90 days to act.
T4. Brecon and Radnorshire is full of excellent small business owners who are looking to trade with the rest of the world, but many are concerned that the trade deals the UK is looking to make with the rest of the world will focus on big, rather than small, businesses. What assurance can my right hon. Friend give to small business owners that their voice will not be lost in negotiations?