Oral Answers to Questions

Debate between Greg Hands and Simon Danczuk

Thursday 9th February 2017 Commons Chamber

[Greg Hands]

The Department continually reviews its products and services to ensure that it meets its customer needs and represents good value for the taxpayer. Business planning will be completed very shortly, so we will be confirming events shortly.

[Simon Danczuk (Rochdale) (Ind)]

5. What plans his Department has to increase trade with Taiwan.

[The Minister for Trade and Investment (Greg Hands)]

Building on my visit to Taiwan in September, we will continue to work with the Taiwanese authorities to address market access issues and to further increase our trade in this important market. The UK and Taiwan share a strongly favourable outlook on free trade and enjoy a robust trade partnership. Bilateral trade reached £5.9 billion in 2014, up 8% compared with 2010.

[Simon Danczuk]

I am pleased that the Minister met the Taiwanese President in September. I hope he shares my belief that as Britain reaches out to secure more trade deals, we keep in sight our foreign policy values. Does the Minister agree that increased trade with Taiwan and the UK is a win for both our economies and our liberal democratic values?

[Greg Hands]

I very much agree with the hon. Gentleman. The UK and Taiwan share so many commitments, including the importance of environmental protection and the importance of a free society. We also have very strong shared values of free trade, open markets and an openness to foreign investment. I had very productive talks with President Tsai in September. She is a big friend of the United Kingdom, not least because of her time as an undergraduate at the London School of Economics.