(1 year, 11 months ago)
Commons ChamberScotland is, of course, already benefiting from the United Kingdom’s independent trade policy. To date, we have signed 71 trade deals with non-EU countries and the European Union, which were worth £808 billion in 2021. We have further high-value deals in sight with the trans-Pacific region, India and the Gulf states. My priority is to ensure that Scotland’s best interests continue to be represented in our ambitious programme of free trade agreement negotiations.
Our response to the recent Scottish Affairs Committee inquiry into promoting Scotland internationally highlights the wide range of activities that the Scotland Office, the Foreign, Commonwealth and Development Office and the Department for International Trade are undertaking around the world to promote Scottish interests across diverse areas, including trade and investment. UK Export Finance has provided £2.1 billion to Scottish companies since 2016-17, supporting a range of businesses, including food processors, hydro research, manufacturing and renewable energy. Our approach to attracting foreign investment in Scotland is driven by the Office for Investment, which launched in 2020. The successes of the programme are clear, with 4,408 new jobs created by overseas investment.
Does the Minister agree that the United Kingdom securing the double taxation agreement with Brazil, with its 212 million population, is a very significant event for many Scottish exporting businesses, and that the UK’s work to agree geographical indication for Scottish whisky in Brazil will help secure even more jobs in Scotland?
Yes, I do agree, and I commend my hon. Friend for his efforts as the Government’s trade envoy to Brazil. As he will know, Scotland exports the most goods from the United Kingdom to Brazil, so it stands to benefit greatly from the agreement on double taxation, when implemented. Given the importance of the Brazil export market, I also share his ambition of securing GI protection for Scottish whisky in Brazil as soon as possible, with the obvious benefits this will bring to both producers and consumers of our national drink.