(6 years, 5 months ago)
Commons ChamberI do find it strange that people think that foreign direct investment in the United Kingdom is a good thing, but that UK investment in other countries is a bad thing. Such investment is an essential part of an open trading system. It is also an important part of our development agenda. Investing and creating jobs overseas, as we saw with Jaguar Land Rover in South Africa, for example, is often one of the ways in which we can provide help for some of the poorest countries in the world.
One of our great exports is Scotch whisky, much of which is produced in my Moray constituency. What is the Department doing to ensure the geographical indication protection on Scotch whisky is maintained within the EU when we leave?
My hon. Friend makes an important point. The Government are seeking to ensure the continued GI protection of Scotch whisky in the EU after Brexit. Negotiations on geographical indications are continuing, and we anticipate that all current UK GIs will continue to be protected by the EU’s geographical indications scheme after Brexit.
(6 years, 11 months ago)
Commons ChamberWhat a cheek, in the very week that Labour voted against our ability to impose any penalties whatsoever in future. The steel industry and steelworkers in this country were betrayed this week by Labour Members, who would leave them as sitting ducks for dumping and subsidy, such is their love for their new hard-left, anti-trade ideology.
My hon. Friend makes an important point. The Government are committed to seeking continuity in our current trade and investment relationships, including those covered by EU trade preferences. Scotch whisky is a very important part of our exports and we want to maintain the vital bilateral dispute mechanisms, all of which are part of Scotch whisky’s contribution to our economy.