Global Britain

Jim Shannon Excerpts

Monday 3rd February 2020 Commons Chamber

[Dominic Raab]

The issue of 5G and high-risk vendors has raised the importance of making sure that the UK has the right fiscal regulatory approach to encouraging tech investment in this country so that, for both the present and the future, it is an area of competitive advantage. When we co-operate and collaborate with our North American friends, our Five Eyes friends and our European friends, it is important to ensure that we have the collaborative approach and the mobility arrangements through the tax and the research and development incentives to boost tech nationally. It is important that we work with our like-minded friends and partners.

[Jim Shannon (Strangford) (DUP)]

Does the Secretary of State agree that sensible deals such as lowering the bourbon tariff from the US to facilitate lowering the whisky tariff for all the United Kingdom, including for my own Echlinville Distillery in Kircubbin in Strangford, is the way to make the most of what we can achieve on the global market?

[Dominic Raab]

The hon. Gentleman is absolutely right. That is just one area where a free trade agreement with the US and, indeed, with other countries around the world—particularly with the markets of the future and the growth opportunities of the future, in the Asia Pacific area—can create benefits for all quarters and for all nations of the United Kingdom.