Oral Answers to Questions Debate
Full Debate: Read Full DebateJoanna Cherry
Main Page: Joanna Cherry (Scottish National Party - Edinburgh South West)Department Debates - View all Joanna Cherry's debates with the Department for International Trade
(3 years, 2 months ago)
Commons ChamberI know that the Secretary of State greatly enjoyed her visit last year to the farms in my hon. Friend’s constituency. CPTPP is a great opportunity. I referenced in an earlier question growing Asian demand for products such as meat and other British agrifood products. We see there being tremendous opportunities in that fast-growing market—13% of global GDP across four continents. This is a real opportunity to be able to sell British farming produce to those fast-growing Asian and American markets.
China is an important trading partner for the UK, with bilateral trade worth £78.8 billion in 2020. In fact, China was our third largest overall trading partner and seventh largest export market last year, with UK exports to China amounting to £22.9 billion. The UK also remains a leading destination for Chinese outbound investment in Europe.
Coda Octopus, a company based in my constituency, has been encouraged by successive Tory Governments to expand its sales to China. Its world-leading Echoscope is used in underwater port construction and in renewable energy projects, and it does not have a military use. Yet despite a 23-year track record of exports, it is now losing millions of pounds in orders due to a change in attitude on export licences, and responses from the Minister’s Department are taking over 100 days. Will the Minister meet me so that I can sort this situation out for my constituents?