Oral Answers to Questions

Graham Stuart Excerpts

Thursday 8th October 2020 Commons Chamber

[Marco Longhi (Dudley North) (Con)]

What recent assessment she has made of the value of technology sector exports to the UK.

[The Parliamentary Under-Secretary of State for International Trade (Graham Stuart)]

Technology is an important and growing sector. In fact, sales of our digital tech exports totalled £23 billion last year, and Oxford Economics thinks they will be worth up to £31 billion by 2025. Our ambitious approach to digital trade in free trade agreements will boost exports, and support economic growth, job creation and prosperity. We have negotiated strong measures, not least in Japan, and will seek similar outcomes in our talks with the United States, Australia, New Zealand and the comprehensive and progressive agreement for trans-Pacific partnership.

[Andy Carter]

Will the Minister tell us a little bit more about the UK-Japan free trade agreement, and particularly how it will help businesses in Warrington South and the north-west to do more business with Japan?

[Graham Stuart]

There are specific issues including not having to worry about the added cost of setting up data servers in Japan because of the elements that look at data transfer; a guarantee that the trade secrets underpinning innovations of entrepreneurs in my hon. Friend’s constituency are protected and do not have to be shared across borders; and a clear commitment that entrepreneurs on both sides of the agreement will be able to operate in an open, secure and trustworthy online environment.

[Marco Longhi]

The deal with Japan includes some very ambitious chapters on digital and data, and a deal with the United States is set to benefit tech firms. Will my hon. Friend advise how Black Country firms can make the best of these future opportunities?

[Graham Stuart]

Tech firms in my hon. Friend’s constituency and across the UK will benefit from the opening of markets and the minimisation of barriers to trade, which will allow them to expand internationally, not least in the Asia-Pacific region. The joint DIT and Department for Digital, Culture, Media and Sport digital trade network, which was launched by my right hon. Friend the Secretary of State in June, will significantly improve our support for businesses from my hon. Friend’s constituency in that fast-growing part of the world.

[Nick Fletcher (Don Valley) (Con)]

What steps her Department is taking to encourage foreign investment in Don Valley constituency.

[The Parliamentary Under-Secretary of State for International Trade (Graham Stuart)]

My Department recorded 331 foreign direct investment projects in the northern powerhouse in 2019-20, creating or safeguarding more than 11,000 jobs. DIT is dedicated to supporting international investment into the UK, and it can be argued—in fact it is quite hard to argue against—that we are the most successful major economy in the world in attracting foreign direct investment to our shores. Our dedicated staff across the north work closely with partners in Yorkshire and Humber to attract new and existing investors, match them to opportunities and maintain our position of having more foreign direct investment than any other nation in Europe.

[Nick Fletcher]

Does the Minister agree that with all the new markets his Department is opening up for the UK, the Government must do all they can to support the many young entrepreneurs of Don Valley?

[Graham Stuart]

My hon. Friend is absolutely right. How refreshing it is to have a representative in the Don Valley who cares about business and recognises that trade needs to look at the wide scope of issues but at its heart is about the economic benefit that it brings to local people. Again and again, in session after session of these questions, the Labour party focuses on everything other than the economic benefit—the jobs and prosperity—that trade brings. That is why this Government will continue to support entrepreneurs; the Opposition come up with complex and sophisticated arguments, but again and again they oppose the very measures that will help to ensure employment and prosperity for the people of this country.

[Alexander Stafford (Rother Valley) (Con)]

What discussions she has had with her Israeli counterpart on UK support for expanding Israel’s commercial ties with the Gulf states.

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[Mark Fletcher (Bolsover) (Con)]

What steps her Department is taking to support economic recovery from the covid-19 pandemic through UK exports.

[The Parliamentary Under-Secretary of State for International Trade (Graham Stuart)]

Since the start of covid-19, my Department has been committed to doing everything it can to help exporters. Helping them to bounce back with extensive economic recovery measures continues to be a major priority. After significant monthly decreases in UK trade during the early stages of the pandemic, the UK is now seeing record month-on-month increases in exports, rising by 16.5% in June and a further 5.6% in July.

[Mark Fletcher]

I recently visited Blachford UK in Holmewood in my constituency. This brilliant manufacturer enjoys fantastic relations with many countries around the world, particularly Canada. Does the Minister agree that it is a shining example to exporters around the country and we need more companies like it, particularly in Bolsover?

[Graham Stuart]

Absolutely—we need more companies like Blachford. That is why we are transforming our digital offer to exporters and negotiating a continuity agreement with Canada. It would be great to see Opposition MPs joining us in encouraging their local exporters in the manner of my hon. Friend. I understand that he planted a maple tree at Blachford on a recent visit. I suggest that we should all be planting trees and celebrating our local exporters.

[Sir Mark Hendrick (Preston) (Lab/Co-op)]

What discussions she has had with UK trade partners on ensuring that public procurement is excluded from future trade deals.

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[Ian Paisley (North Antrim) (DUP)]

What recent assessment she has made of the effectiveness of the export finance guarantee scheme.

[The Parliamentary Under-Secretary of State for International Trade (Graham Stuart)]

Export finance guarantees are provided through UK Export Finance, the UK’s world-leading export credit agency. UKEF’s mission is to ensure that no viable UK export fails for lack of insurance or finance, while operating at no net cost to the taxpayer. It recently introduced a new export development guarantee, which has seen £500 million provided to Jaguar Land Rover and Ford of Britain, with more in the pipeline.

[Ian Paisley]

I thank the Minister for that helpful answer. Does he agree that the take-up of the scheme among companies in Northern Ireland is not as high as it should be, and there needs to be more marketing and development of the scheme? Will he agree to a meeting between officials from his Department and me, and discuss with companies that have tried to access it, the problems they have encountered so that we can ensure the scheme benefits companies in Ulster?

[Graham Stuart]

The hon. Gentleman is absolutely right about the need to market more effectively. We have a brilliant suite of products. UKEF is world leading—again and again it is voted the best export credit agency in the world—and it is doing great work. We would love to open it up to more businesses, which is why UKEF is part of various bounce back plans, including my launch in Northern Ireland of our tech bounce back plan. I would be delighted to organise a meeting with him to ensure that Northern Irish businesses are aware of all the products that are on offer.

[Chris Green (Bolton West) (Con)]

If she will make a statement on her departmental responsibilities.

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[Matt Vickers (Stockton South) (Con)]

Stockton is a town of firsts—be it the first passenger railway or the invention of the friction match. How will our future trade agreements help the latest generation of innovators export across the globe?

[The Parliamentary Under-Secretary of State for International Trade (Graham Stuart)]

I thank my hon. Friend for his question. Innovation has always given our businesses an edge. Virtual reality and 3D specialist Amazing Interactives in my hon. Friend’s constituency is an example of how innovation can continue to take business and exports forward. Today’s innovators, like Amazing Interactives, will benefit from our new FTAs.

[Carol Monaghan (Glasgow North West) (SNP)]

Macallan single malt whisky bottled at Edrington in my constituency is just one of many iconic Scottish products suffering under the 25% US trade tariffs. A year down the line, can the Secretary of State explain why single malt whisky is not at the top of our US negotiating list?

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[John Lamont (Berwickshire, Roxburgh and Selkirk) (Con)]

  Despite the best efforts of Scottish National party Members, Scottish businesses want to trade around the world. What efforts are the Government making to ensure that Scottish businesses are able to trade around the world in the way they wish?

[Graham Stuart]

My hon. Friend is right, and last week I announced a new trade hub in Edinburgh, which will help businesses in Scotland to grow internationally and recover from the impact of coronavirus. The hub will promote opportunities for Scottish companies, and FTAs will provide access to our global network, which is provided in 115-plus markets. There is the support of UK Export Finance—[Interruption.] It is hard to hear oneself think with the chuntering from the Opposition Front Bench. Would it not be great if we saw the same interest in trade, and promoting trade, not least in Scotland, rather than chuntering and sideline messages?

[Rachael Maskell (York Central) (Lab/Co-op)]

We have had five years of horrific humanitarian crisis in Yemen, and over that period the Government have traded and made profit from £6.5 billion-worth of licensed arms. At the same time, they have given only £1 billion in aid. The UN has said that a consistent pattern of harm to civilians is being caused, so will the Secretary of State say why profiteering from arms sales is more important than supporting civilians in crisis?

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[Mark Fletcher (Bolsover) (Con)]

I was delighted to hear the Secretary of State on the radio this week talking about the benefits of free ports, and there is a fantastic bid for a free port at East Midlands airport. Does the Minister agree that that could have a transformational effect in the east midlands?

[Graham Stuart]

First, let me praise my hon. Friend. If the allocation of free ports was based purely on the championing of their case by Members of Parliament, it would be a certainty that he would have one in his area. Yesterday, Her Majesty’s Treasury published the response to the consultation on free ports, which outlined how free ports will help to level up the UK economy, bring in new investment, create high-skilled jobs, and provide new opportunities in ports and the areas around them. Although it will be an open, fair, and transparent process, I have no doubt that the advocacy of my hon. Friend will set a precedent for others and, I hope, lead to a successful outcome for him.

[Mr Alistair Carmichael (Orkney and Shetland) (LD)]

On Monday, farmers from across the whole United Kingdom will be demonstrating in Parliament Square to make the point that, to them, future food standards and animal welfare provisions are essential. Will the Secretary of State join me in meeting them to hear from them at first hand the importance of this?