Oral Answers to Questions Debate
Full Debate: Read Full DebateGrahame Morris
Main Page: Grahame Morris (Labour - Easington)Department Debates - View all Grahame Morris's debates with the Department for International Trade
(2 years, 9 months ago)
Commons ChamberThe six GCC nations form together one of our largest trading partners, with total trade standing at over £31 billion in the four quarters to September last year. In January, we completed a public consultation in support of a trade deal with the GCC that gets the best deal for British businesses and consumers. We aim to start those negotiations with others later this year. In the meantime, we are driving forward investment, including £1 billion from the Kingdom of Saudi Arabia supporting sustainable aviation in Teesside, and, as I referred to earlier, £10 billion from the United Arab Emirates in a sovereign investment partnership.
We are always looking for companies we can showcase. We can sell companies such as Vivarail around the world. Whenever we talk to our partners abroad on bilateral agreements looking for investment in green and renewable energy, including on transportation, we will always do our best to push forward expert companies such as the one the hon. Gentleman mentioned.