Oral Answers to Questions

Debate between Mark Fletcher and Ranil Jayawardena

Thursday 16th June 2022 Commons Chamber

[Mr Jayawardena]

My 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.

[Mark Fletcher]

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?

[Mr Jayawardena]

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.

Oral Answers to Questions

Debate between Mark Fletcher and Ranil Jayawardena

Thursday 14th January 2021 Commons Chamber

[Mark Fletcher (Bolsover) (Con)]

Now that we have delivered on all our Brexit promises, exporters across the Bolsover constituency are keen to take advantage of new opportunities and grow in new markets. So will my hon. Friend tell me what opportunities will come from new and better trade deals with Mexico and Canada for businesses across the midlands?

[The Parliamentary Under-Secretary of State for International Trade (Mr Ranil Jayawardena)]

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.

Oral Answers to Questions

Debate between Mark Fletcher and Ranil Jayawardena

Thursday 8th October 2020 Commons Chamber

[Mr Jayawardena]

My 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.

[Mark Fletcher (Bolsover) (Con)]

What steps her Department is taking to support economic recovery from the covid-19 pandemic through UK exports.