(8 months, 2 weeks ago)
Commons ChamberMy right hon. Friend is absolutely right. In the UK, of course, we have our own, superb Rolls-Royce model of small modular reactor as well. He is right about the importance of our growing trading relationship with Korea. As a former Secretary of State for Culture, Media and Sport, he will also know that 71% of our services trade with Korea last year was delivered digitally. We need to upgrade the deal to make sure that it reflects modern, digital trade as well. Both countries are making good progress in the negotiations.
The Government were pleased that my hon. Friend, who is the Prime Minister’s trade envoy to Angola, Zambia and Ethiopia, and members of the Westminster Africa Business Group visited Zimbabwe on the group’s inaugural trade mission. That is part of the Government’s work to promote opportunities for UK companies, particularly in critical minerals, renewable energy and sustainable agriculture.
I am grateful to the Minister for that response. On my visit to Zimbabwe in January, I met the President and a number of other Ministers. They made it very clear that they wanted to draw a line under the past, move forward and increase friendship—and, indeed, trade links—with this country. What more can the Government do to enlighten companies and businesses in the UK about the many opportunities in Zimbabwe?
I thank my hon. Friend for his report and letter to me all about that. I am pleased with the high-level meetings he had on his recent visit and a lot of the media coverage. Our embassy is following up by preparing for the Zimbabwe international trade fair in April, and it is expecting a strong UK presence. My hon. Friend’s return visit in April will be a perfect chance to progress the deals that we have and boost British investment for this year and beyond.
(11 months, 3 weeks ago)
Commons ChamberMay I ask the Trade Minister, whom I welcome back to his position, what efforts the Government are making to raise awareness of the developing countries trading scheme, particularly among African countries? What encouragement is he giving those countries to take advantage of that scheme, which would benefit them and us?
Again, we have almost a full turnout of the Prime Minister’s trade envoys in the House this morning, and I commend my hon. Friend for the work he does as the Prime Minister’s trade envoy not just to one country, but to three—Angola, Zambia and Ethiopia. He rightly takes a strong interest in the UK’s forward-leaning and exemplary developing countries trading scheme. The scheme was launched on 19 June by my predecessor, my hon. Friend the Member for Mid Worcestershire (Nigel Huddleston), who is now the Financial Secretary to the Treasury, and provides duty-free or nearly duty-free access to goods to 37 African countries. The scheme was launched to significant media attention in Ethiopia, and there was a series of events in more than 10 countries.
I agree with my hon. Friend the Member for Tewkesbury (Mr Robertson): the onus is on all of us in this House to continue to extol the virtues and the benefits of the UK’s developing countries trade scheme. We have taken the EU scheme and gone significantly further, making it more generous for developing countries. We should all be united in extolling the virtues of the UK’s scheme, and of the brilliant job the UK is doing to promote goods access to developing countries.
(2 years, 5 months ago)
Commons ChamberI know of my hon. Friend’s ongoing interest in all matters in relation to energy, and he makes an important point about big energy users such as the Royal Mail planning and ensuring that they are efficient and robust for the future. I will ensure that his point on industrial estates is reflected back to our Department, to the Department for Levelling Up, Housing and Communities and to other relevant Departments.
(7 years, 4 months ago)
Commons ChamberBrazil is the UK’s largest export market in Latin America and represents significant opportunities for the UK. My right hon. Friend the Secretary of State attended the UK-Brazil joint economic and trade committee last December. As I saw for myself in March in Rio, São Paulo and Belo Horizonte, both Governments are committed to deepening UK-Brazil trade and investment. UK and Brazilian officials continue to work together on proposals for reducing trade barriers, for discussion at the next joint committee.
I thank the Minister for his response and congratulate him on that work. I was in Brazil last November and have had many meetings with His Excellency the Brazilian ambassador to London, and while Brazil has not been able to achieve a trade deal with the European Union, it very much looks forward to one with the UK. So can the Minister expedite such arrangements as quickly as possible?
I congratulate my hon. Friend on his work with the all-party group on Brazil in the last Parliament, and he makes the good point that we do not need to have a free trade agreement to have free trade. Indeed, as I am sure he knows, the EU has no free trade agreement with the world’s largest markets such as the US, China, India and, indeed, Brazil. So there are many trade barriers that we can address without having a formal free trade agreement. This is very much our approach in Brazil, as seen by our joint committee talks and my own visit in March.
(8 years, 8 months ago)
Commons ChamberI join the hon. Gentleman in campaigning for the UK to remain a member of the EU. That is the right thing for us to do both for the public finances overall and for the future of the UK economy, as the G20 communiqué made clear over the weekend. It may well have an impact on the university sector, too. I am sure that that will be one of the questions featured in the forthcoming debate leading into the referendum.
9. If he will reopen the compensation scheme for Equitable Life policyholders.