Newport Wafer Fab Sale Debate
Full Debate: Read Full DebateDepartment: Department for Business, Energy and Industrial Strategy
Jim Shannon
Main Page: Jim Shannon (Democratic Unionist Party - Strangford)Department Debates - View all Jim Shannon's debates with the Department for Business, Energy and Industrial Strategy
(2 years, 9 months ago)
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Amanda Solloway
I reiterate that the Government have looked closely at the transaction and do not consider it appropriate to intervene at the present time. The Prime Minister made it clear at the Liaison Committee last week that he has asked the National Security Adviser to review this. The Government are committed to the semiconductor sector and work is under way to review the wider semiconductor landscape in the United Kingdom.
Jim Shannon (Strangford) (DUP)
I concur with the comments of the right hon. Member for Chingford and Woodford Green (Sir Iain Duncan Smith). I ask a question along the same lines: in relation to national security and jobs, is this beneficial for the UK?
The Chinese Government have been, and are, responsible for human rights abuses—including of Christians, Falun Gong and Uyghur Muslims—on a level that is unknown in the rest of the world, despite world opinion and despite our representations on the matter. However, they do listen to economic arguments. How can we use this opportunity to challenge them to ensure that they act? We do not want the hollow words that we always get from them; we want action. Before any deal goes through and before any sale happens, let us make sure that human rights abuses are reduced and that they are totally committed to that.
Amanda Solloway
As I mentioned, the Government are completely committed to human rights and are mindful of everything we need to do on that. We have looked very closely at this transaction. I can give the hon. Gentleman my reassurance that the National Security and Investment Act will allow the Government to scrutinise and intervene on any acquisitions that may pose a national security risk. I reiterate that the Government want a mature, positive relationship with China based on mutual respect and trust. There is considerable scope for constructive engagement, but as we strive for a positive relationship, we must not sacrifice either our values or our security.