Oral Answers to Questions Debate
Full Debate: Read Full DebateGraham Stuart
Main Page: Graham Stuart (Conservative - Beverley and Holderness)Department Debates - View all Graham Stuart's debates with the Department for International Trade
(5 years, 7 months ago)
Commons ChamberGREAT is the Government’s most ambitious ever international marketing campaign. [Interruption.] It encourages the world to visit, study and do business in the UK. While Labour Members never lose an opportunity to talk this country down—as the hon. Member for Rhondda (Chris Bryant) has just done there—we use GREAT to sell Britain abroad. If the chuntering from the potential future Speaker could stop for one second, I will say that GREAT works across 144 countries, and for trade and investment in 2019-20, its priorities are the USA, Germany, China, Japan, Australia, India, Canada, France, Italy and Spain.
Britain’s universities are among our greatest organisations. Some are household names across the world, but some, like Anglia Ruskin University, which is based in Chelmsford as well as Cambridge, are less well known. How is the GREAT campaign supporting our education sector?
I am grateful to my hon. Friend for that question. I was at the all-party university group yesterday, meeting vice-chancellors and others, to discuss this issue. Just last month, we launched our new international education strategy. As part of that, we are encouraging bids to the GREAT challenge fund to showcase to even more countries the fantastic education offer this country has.
According to an EY report, foreign direct investment has tended to move out of London into other parts of the United Kingdom, and there has been an increase in manufacturing activity. We are seeking to expand exports from all parts of the country, not least to India, and I am delighted to say that exports to India were up by nearly 20% in 2018. Only last night I attended the Grant Thornton tracker event with Mr Banerjee, the director general of the Confederation of Indian Industry, who is a great friend to this country and to our businesses up and down the land.
We will take every opportunity to support UK steel exports, and of course exports in general, which is why we produced our export strategy last year. With the help of Members such as my hon. Friend, we will champion local businesses and ensure that that message goes right around the world.
The Canadian model offers a useful example of how the devolved Administrations should be involved in trade policy formulation. Does the Secretary of State agree that a substantive role in the strategic trade advisory group is essential for the meaningful involvement of the Welsh Government in UK trade policy?
It is vital for us to encourage low-income countries to participate fairly in world trade, and for that they need inward investment. Will the Minister kindly advise us on what the UK is doing to promote investment into low-income countries so that they can participate fairly and reasonably in world trade, with world-class goods and services?
I thank my hon. Friend for championing lower-income countries around the world. We have made outward direct investment a priority. We are working with the Department for International Development to help developing countries to attract FDI. The Prime Minister has tasked us with making the UK Africa’s biggest G7 investor by 2022. Through our own investment promotion programme, DFID’s Invest Africa programme, and the Africa investment summit, which I am organising with DFID and the Foreign and Commonwealth Office, we aim to drive mutual prosperity, in Africa and beyond.