(2 years, 5 months ago)
Commons ChamberMy hon. Friend raises an important point. Indeed, until Russia’s invasion in February, Ukraine was one of the largest exporters of grains and vegetable oils. Britain has developed a six-point plan for tackling food insecurity. We continue to work with international partners, including at the WTO, to find ways to resume grain exports from Ukraine to the countries who desperately need them, particularly in the developing world. The outcome that we want is to keep trade flowing and to keep prices down.
Will the Minister update the House on how liberalising tariffs on Ukraine has supported the flow of trade and, in turn, on how effective our sanctions have been against Russia?
On 10 May, Britain laid legislation to liberalise all tariffs on imports of Ukrainian origin. Those measures have reduced barriers faced by Ukrainian businesses and consumers in their time of need, making it easier to obtain essential goods and aid from Britain. In lockstep with our allies, we are introducing the largest and most severe economic sanctions that Russia has ever faced, with, for example, up to 60% of Russian foreign currency reserves currently frozen. Analysis shows that, as a result, Russia is heading for its deepest recession since the collapse of the Soviet Union.
(3 years, 10 months ago)
Commons ChamberThis has attracted some attention. I would remind the hon. Member that he voted for no deal on 30 December. I would also refer him to the article written by the Secretary of State for Digital, Culture, Media and Sport in the New Musical Express this week, in which he said that the EU offer on this unfortunately fell short of the UK’s proposals and would not have enabled touring by musicians. He said:
“The UK pushed for a more ambitious agreement with the EU on the temporary movement of business travellers, which would have covered musicians and others, but our proposals were rejected by the EU”.
I thank my hon. Friend for that question. He is a great champion of business in his constituency, and I can tell him that the deals with Canada and Mexico give vital certainty to businesses across the midlands, which export goods and services worth about £15 billion, in key sectors such as automotive, manufacturing and food and drink. I know that these opportunities, and new ones, will be taken up by businesses—manufacturers and others—on the Holmewood business park in Shirebrook and across the Bolsover constituency.
(4 years, 1 month ago)
Commons ChamberMy hon. Friend is right to be very ambitious for Britain’s future as we unleash the potential of every corner of our country. I was very pleased to see that last year this growth included new export wins totalling £1 million in his constituency. He is a great champion of exports and he is right that there is more that we can do. There are exciting opportunities in sectors such as financial services, infrastructure and technology. We are working with Israeli counterparts to realise those, including through reinstating plans to host an Anglo-Israeli trade and investment conference in London.
Since the start of covid-19, my Department has been committed to doing everything it can to help exporters. Helping them to bounce back with extensive economic recovery measures continues to be a major priority. After significant monthly decreases in UK trade during the early stages of the pandemic, the UK is now seeing record month-on-month increases in exports, rising by 16.5% in June and a further 5.6% in July.
I recently visited Blachford UK in Holmewood in my constituency. This brilliant manufacturer enjoys fantastic relations with many countries around the world, particularly Canada. Does the Minister agree that it is a shining example to exporters around the country and we need more companies like it, particularly in Bolsover?
Absolutely—we need more companies like Blachford. That is why we are transforming our digital offer to exporters and negotiating a continuity agreement with Canada. It would be great to see Opposition MPs joining us in encouraging their local exporters in the manner of my hon. Friend. I understand that he planted a maple tree at Blachford on a recent visit. I suggest that we should all be planting trees and celebrating our local exporters.
First, let me praise my hon. Friend. If the allocation of free ports was based purely on the championing of their case by Members of Parliament, it would be a certainty that he would have one in his area. Yesterday, Her Majesty’s Treasury published the response to the consultation on free ports, which outlined how free ports will help to level up the UK economy, bring in new investment, create high-skilled jobs, and provide new opportunities in ports and the areas around them. Although it will be an open, fair, and transparent process, I have no doubt that the advocacy of my hon. Friend will set a precedent for others and, I hope, lead to a successful outcome for him.
(4 years, 10 months ago)
Commons ChamberMy hon. Friend is right. It is sad that so many in this House, particularly on the Opposition side, including on the SNP Benches, appear stuck in June 2016. We on the Government Benches—[Interruption.] I say to the hon. Member for Rutherglen and Hamilton West (Margaret Ferrier) that we are not remotely touchy. While she is stuck in the past, we are focused on the future.
Northern counties exported over £165 billion-worth of goods and services last year, and we want to increase this. New free trade agreements will remove costs for manufacturers and producers and enable those businesses to grow.
I thank the Secretary of State for that answer. As we exit the European Union, it is vital that businesses in Bolsover and elsewhere are encouraged to export to new markets. Does the Department have any plans to strengthen regional teams across the midlands and the north to help businesses take advantage of new trading opportunities?
I am pleased to tell my hon. Friend that we have 130 international trade advisers and 186 export champions—businesses that already export and that encourage their peers to export—across the north of England. We have just sent out an exporting toolkit to MPs on both sides of the House so that they can get in touch with those local trade advisers and help their businesses export. We estimate that there are 600 businesses in every constituency with the potential to export that do not currently do so. MPs have a really important role in helping those businesses to get the information and support they need.