Oral Answers to Questions

Christina Rees Excerpts

Thursday 15th December 2016 Commons Chamber

[Mark Garnier]

I thank a member of the Select Committee for his very wise question. It is a new approach by this Department to look equally at overseas direct investment for businesses looking to move overseas. This is incredibly important because it provides opportunities for many businesses to create new opportunities and new markets overseas. It is worth bearing in mind that, as British businesses invest overseas, they take with them skills and expertise, which can only help those developing economies to grow, thus creating even more opportunities for British businesses in further developed markets.

[Christina Rees (Neath) (Lab/Co-op)]

9. The Secretary of State for Exiting the EU said yesterday that he is considering four options for the customs union: completely inside; completely outside; the Turkish model, which is partially inside but outside the single market; and the Swiss model, which is outside but with customs arrangements. Are there enough staff in the International Trade Department and the Brexit Department to assess by February the concerns of UK businesses that leaving the customs union would devastate their complex cross-border EU supply chain by exposing new paperwork hurdles and tariffs?

[Mark Garnier]

The Department for International Trade is currently recruiting some of the finest people known in this country to help us to develop that. I stress to the hon. Lady that this whole exercise is not just defined by one Department or by the Department for Exiting the European Union; every Department is working to help to maximise the assistance that we can give both to British businesses and to the entire economy.