G20 Summit

Jim Shannon Excerpts

Wednesday 7th September 2016 Commons Chamber

[The Prime Minister]

I am grateful to the hon. Lady, who reminds me that I did not fully answer the question from the hon. Member for Stoke-on-Trent Central (Tristram Hunt) who referred to the issue of Japanese firms. I was able to sit down and discuss these matters with Prime Minister Abe, and the outcome was a positive desire to take forward further discussions on how we can ensure that we are getting the best possible trading relationship with Japan, and that we can continue to see Japanese investment in the UK. I am pleased to say that the single biggest vote of confidence on investment in the United Kingdom since we had the vote to leave the European Union came, of course, from a Japanese company—from SoftBank with its £24 billion takeover of ARM.

[Jim Shannon (Strangford) (DUP)]

Let me first commend the Prime Minister and her Ministers for the hard and excellent work that has been done to prepare and secure trade deals across the world. An example of a trade deal signed with the United Kingdom of Great Britain and Northern Ireland has just secured us the export of beef to the United States of America for the first time in some 20 years—despite President Obama telling us that we would go to the back of the queue. Does the Prime Minister agree that, for the United Kingdom of Great Britain and Northern Ireland, if the price is right and if the product is of the highest quality, the world is truly our oyster?

[The Prime Minister]

I absolutely agree with the hon. Gentleman. We can trade many products from various parts of the United Kingdom very well with other parts of the world. They are quality products, and it is the quality of the product that will lead to people wishing to take them.