Oral Answers to Questions Debate
Full Debate: Read Full DebateJeff Smith
Main Page: Jeff Smith (Labour - Manchester Withington)Department Debates - View all Jeff Smith's debates with the Department for Business and Trade
(1 year, 4 months ago)
Commons ChamberMy hon. Friend is right. We have trade ambassadors and trade envoys working to ensure that we are fully utilising the opportunities that exist across our relationship with the US. In fact, our envoy to the US has been helping and supporting with a memorandum of understanding with Florida, which we are hoping to conclude shortly. If there are specific things he thinks we can do to assist, I would be happy to meet him and organise even more engagement that will help facilitate UK-US trade.
Europe remains a vital destination for British exports. UK businesses exported more than £416 billion in the year to March 2023, up 24% in current prices on the previous year. We are engaging extensively with key European partners. This weekend, my right hon. Friend the Trade Secretary will attend the annual UK-Italy bilateral conference to advance the landmark ministerial dialogue on export and investment promotion launched in February, the first agreed between the UK and any EU country.
Here is an issue that could be discussed at that meeting: the youth group travel sector is worth £28 billion to the UK economy, but that two-way trade has collapsed since Brexit. The Prime Minister made a vague commitment in March that there would be an agreement for French school groups to visit the UK. We have heard no more details, and anyway we need a wider agreement to include other countries. When will the Government sort out this problem?
I think this matter sits not just with our Department, but with the Department for Education. If the hon. Gentleman will allow, I will write to him formally and make sure he gets an update on this issue.
The Treasury published a consultation in March on a range of measures to mitigate carbon leakage. Potential policies include a carbon adjustment mechanism on managing product standards. I am sure it will report shortly.
That is certainly something we can look to do. There are many concerns about what will happen to copyright and intellectual property once AI continues to advance in this area. The hon. Member raises an important point. If he writes to me specifically, I will make sure that the Secretary of State for Science, Innovation and Technology gets to see that so we can incorporate it.