Oral Answers to Questions

Debate between Karen Lee and Greg Hands

Thursday 23rd November 2017 Commons Chamber

[Greg Hands]

Outward direct investment is a new priority of the Government since the summer of 2016. We have launched a number of pilots looking at how best we might approach that, and there is funding available in the prosperity fund for it.

May I congratulate my hon. Friend on his role as the trade envoy to Pakistan? In September I visited a very successful example of outward direct investment, the huge GSK plant in Karachi, which produces more than 200 million packages of medicine for the Pakistan market and is a vital part of GSK’s overseas operation.

[Ms Karen Lee (Lincoln) (Lab)]

T2. A freedom of information request revealed that the Minister acted as a lobbyist for oil and gas companies in Brazil on taxation and environmental licensing issues. Does he think that is consistent with the Government’s commitment to lead the world in environmental protection, and that it conforms with the ministerial code of conduct?

[Greg Hands]

This is an excellent opportunity to correct the misinformation that was put in The Guardian on Monday, on which the Department put out a release afterwards to be absolutely clear that the basis of the meeting with the Brazilian Energy Minister, which I might add was public at the time—I even put it on Twitter, but it took The Guardian six months to pick up on it—was to secure a level playing field for British companies in that market. We make no apology for saying that Brazil’s tough environmental regulations should apply equally to all companies across the board.