EU Council and Woolwich

James Duddridge Excerpts

Monday 3rd June 2013 Commons Chamber

[Mr Speaker]

I call Dr Thérèse Coffey. [Interruption.] The hon. Lady did wish to catch my eye but—[Interruption.] She has been a bit slow, so we will get to her in a moment. I therefore call Mr James Duddridge.

[James Duddridge (Rochford and Southend East) (Con)]

Thank you for calling me, Mr Speaker; I knew I would be lucky.

Let me take the Prime Minister back to the issues of tax transparency. Will he please update the House on the progress being made on the extractive industries transparency initiative?

[The Prime Minister]

I am glad that my hon. Friend has asked that question, because although the EITI is a rather unromantic sounding organisation, it is very important if we are going to ensure, in particular, that the poorer countries in our world that have mineral wealth find it a blessing and not a curse. Too often in the past, countries have had money and resources taken away from them and have not benefited from them. We are signing the EITI, the French are doing the same and there is a major push at the G8 to ensure that other countries do that, too. In that way, we can ensure that developing countries make the most of their natural resources.