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 Business and Trade
(1 year, 1 month ago)
Commons ChamberTo increase and grow trade with Africa, we are using our nine trade agreements, covering 18 African nations. In April 2024, the Prime Minister will host the second UK-Africa investment summit to showcase investment opportunities and advance two-way trade. Just this month, we launched the developing countries trading scheme, which covers 65 countries, including 37 African countries.
That is all good news, particularly the developing countries trading scheme. I was recently in Ethiopia for a trade visit. Can the Minister tell me how the developing countries trading scheme, in particular, will help Ethiopia?
I thank my hon. Friend and constituency neighbour for the work he does as the Prime Minister’s trade envoy to Ethiopia and many other countries. I was also in Ethiopia recently, and many people were praising my hon. Friend and his work. He is right that the developing countries trading scheme will reduce tariffs, which is a win-win both for developing countries, making it easier and cheaper for them to export to the UK, and for UK consumers because it will reduce prices. It is not just a matter of having the deal; we are laser-focused on making sure the benefits of the deal are realised, with more than 100 Department for Business and Trade officials working in Africa to make sure we get the full benefit of these deals.
The hon. Lady will know that we have an independent regulator, the Competition and Markets Authority, which would look at cases such as the one she raises and make a call on whether it would be harmful or beneficial to the UK economy. I trust the CMA—it has been doing a good job so far—and I look forward to seeing its read-outs on forthcoming mergers and proposals by large businesses in our country.