Oral Answers to Questions Debate
Full Debate: Read Full DebateLaurence Robertson
Main Page: Laurence Robertson (Conservative - Tewkesbury)Department Debates - View all Laurence Robertson's debates with the Department for International Trade
(2 years, 4 months ago)
Commons ChamberOverall UK-Africa trade stood at £32 billion last year. We will increase that and achieve our investment goals. By 2030, Africa will have 1.7 billion consumers, and our post-Brexit trade policy will enable those nations to grow their economies and create opportunities for UK businesses.
I thank the Minister for that response. In all my visits to Africa on trade missions, it has been clear that people there really do want to do business with British companies, perhaps in preference to doing business with the Chinese. Will we do everything we can to make British companies realise the opportunities that exist in Africa?
First, let me place on record our thanks for everything my hon. Friend has done to improve trade with the continent and with Ethiopia in particular. He is right to say that there are massive opportunities there, but our great businesses face tough competition, including from China’s growing influence and impact on the region, particularly through soft infrastructure at the moment. In recent months, we have strengthened our situational awareness of what China is doing and are actively supporting UK businesses to reach those opportunities early. We are doing that through providing competitive finance and support across the continent.
As I said, we are continuing to work very closely with our Ukrainian counterparts, and after questions the Minister for Trade Policy, my right hon. Friend the Member for Portsmouth North (Penny Mordaunt), will meet the business group to continue those discussions and ensure that we are both targeting in the short term and thinking about long-term ways in which we can support Ukraine and help it recover from this illegal invasion.
I completely agree with my hon. Friend. UK exports to that country were up 7.2% on the previous year. He will know that recently we have had a UK-led consortium committing $8 billion of investment into telecoms, which will significantly increase growth and jobs and help the digital economy in that country. I thank him again for the role that he played in securing that investment.