Oral Answers to Questions Debate
Full Debate: Read Full DebateMike Freer
Main Page: Mike Freer (Conservative - Finchley and Golders Green)Department Debates - View all Mike Freer's debates with the Department for International Trade
(2 years, 11 months ago)
Commons ChamberThe Secretary of State announced a refreshed export strategy—Made in Britain, Sold to the World—on 17 November during International Trade Week. This business-centred 12-point plan is designed to transform our support for exporters, encourage them to sell to the world and accelerate our race to £1 trillion-worth of exports per year.
I welcome that new strategy. The port of King’s Lynn handles half a million tonnes of exports of barley and other high-quality agricultural products as well as imports, and it has just had one of its busiest years. Does my hon. Friend agree that the investment that Associated British Ports is making in new facilities to support the growing demand for timber from the construction sector and other supply chains is a vote of confidence in Norfolk and will help our economy to bounce back?
I welcome ABP’s investment in King’s Lynn and was glad to hear of the new Vancouver timber terminal, which I understand will open on Monday, representing £1.4 million of investment. With 95% of the UK’s trade facilitated by the maritime sector, our ports are integral to UK trade and to the success of our Made in Britain, Sold to the World strategy.
I am sure that the Minister, like me, has been incredibly impressed by the small and medium-sized businesses that are looking to export to new markets. What support is available for a business such as N’Genius, which is based in my Warrington South constituency and has patented a new high-strength stainless steel that can revolutionise engineering and construction? How can this Government help it export that UK innovation to the rest of the world?
Our new export strategy is a 12-point plan focused on tackling the barriers to trade faced by SMEs. We are opening markets and supporting companies through the export support service, which provides a single point of entry to DIT support for SMEs. This new service will direct businesses to services such as those provided by UK Export Finance, the UK Export Academy and our pilot UK trade show programme. I am happy to connect N’Genius to one of our international trade advisers for further assistance.
Growing British exports has a key role in our levelling-up agenda. I am particularly proud of some world-class textile, engineering, sheet metal fabricators and food and drink businesses in my Yorkshire constituency. What more can the Minister and his Department do to support my world-class Yorkshire businesses to export to the world?
Our export strategy will ensure that those companies in Yorkshire will be supported through all stages of their exporting journey, whether through the UK Export Academy, the advice of our global network of international trade experts, or the financial support or export credit provided by UK Export Finance. In my recent visit to Leeds, I met our excellent team of international trade advisers there. Again, I am more than happy to put them in contact with my hon. Friend to provide additional support.
Exports from Northern Ireland to Ireland were €2.8 billion in the first nine months of this year, up 60% on the same period in 2020. Does the Minister agree that while Brexit has been an export disaster for GB, it has certainly been a boon for exports from Northern Ireland?
The President of the Board of Trade, the Secretary of State for International Trade, my right hon. Friend the Member for Berwick-upon-Tweed (Anne-Marie Trevelyan) took the Board of Trade to a meeting in Ireland. I am sure that that issue was discussed. If the hon. Gentleman would like to know more details of what we are doing to support mutual trade, I am more than happy to have a discussion with him.
When negotiating free trade agreements, the Government must promote and protect the interests of industries across the UK. What steps are the Government taking to protect the interests of Scottish agriculture in future negotiations?
The Department for International Trade is always looking to protect our own industries and sectors, including the agricultural sector, while ensuring that they are able to exploit new markets. In terms of beef and lamb, our teams are working hard to ensure that the new markets we are opening up will be available to Scottish farmers. Again, if the hon. Lady would like to know more about the support we are able to offer, I am very happy to facilitate that discussion.
I thank the Minister for his responses, but bearing in mind the fears of our farmers and farmers’ unions following the New Zealand deal, will he outline what steps have been taken with the Department of Agriculture, Environment and Rural Affairs at the Northern Ireland Assembly to promote our British produce exports to global markets affected by the New Zealand deal?
My understanding is that there are regular and frequent conversations between the Department for Environment, Food and Rural Affairs and DAERA. I am more than happy to ensure that the hon. Gentleman gets details of those discussions if he has any specific concerns he wishes to have addressed.
We are dedicated to facilitating international investment into all regions of the UK, including South Yorkshire, where we work with stakeholders across the region to identify and promote opportunities with high potential, including—my hon. Friend will be pleased to hear—one in Doncaster, focused on the rail sector.
I have spoken to national and international companies about investment in Doncaster, mainly at two sites: DN7 at Thorne and GatewayEast around Doncaster Sheffield airport. I even personally managed to secure a visit to Doncaster from Apple’s UK representative; it was fantastic for him to come up. What steps has the Department taken to encourage international companies to invest in Doncaster?
We have invested heavily and are building close relationships with the Mayor and the South Yorkshire Mayoral Combined Authority to support investment into the region. Details of capital investment projects such as GatewayEast will soon be added to the investment atlas that was published as part of the global investment summit.
Investment in South Yorkshire is important, but even more important is investment in northern Lincolnshire. Could the Minister give an assurance that he will work closely with me and with businesses in northern Lincolnshire, particularly to develop the renewable energy sector, in which we have great expertise?
I think there might be a link there somewhere—maybe a road. Carry on.
I think my hon. Friend was campaigning for a rail line last time we spoke about the area.
My hon. Friend will be pleased to know that we will continue to give his area access to the export support scheme, the export champions, the Export Academy and our vast network of international trade advisers.
With colleagues in the Treasury, we are committed to championing export opportunities for our world-class financial services sector. We have done this through targeted export campaigns supporting specific UK financial services, as well as through signing ambitious free trade agreements that are reducing market access barriers and opening new doors for great British businesses to sell their services worldwide.
Financial services are so important to our economy, providing high-paid jobs and earning a substantial amount of revenue. We have done really well on our trade deals and it is vital that financial services are an important factor when we secure them. Will the Minister assure me that that is first and foremost in the Government’s mind?
We share my hon. Friend’s ambition to ensure that the UK remains a global hub for services and digital trade, which is why we are striking a series of advanced, high-standard FTAs with leading nations around the world. We have already made progress: our FTA with Japan provides greater benefits for financial services than the EU-Japan FTA, and includes provisions to ban unjustified data localisation and to support regulatory co-operation. Our recently signed FTA with Australia also includes an ambitious financial services chapter that will enable businesses to build on the £800 million-worth of financial services exported to Australia in 2020. So, Mr Speaker, the answer is yes.
Financial services account for more than 10% of our total tax take and are responsible for more than 1 million jobs throughout the country. Financial services are important not only to my constituents in Kensington but to Scotland, including Edinburgh, Aberdeen and Glasgow, and to Newcastle, Leeds, Bristol and Chelmsford. Does my hon. Friend agree that financial services need to be priorities in all future trade agreements to secure best market access?
We are absolutely committed to prioritising British financial services in FTAs. I am sure that my hon. Friend, as the Government’s trade envoy to Iceland and Norway—a role that she fulfils with her usual vigour—will be pleased to see our commitment in practice in the UK’s recently signed FTA with Norway, Iceland and Lichtenstein, which benefits financial services.
Office for National Statistics data shows that services trade with the European Union is down 28%—the Minister neglected to mention that in his long response. So could he say where we are in terms of negotiations with the EU on equivalence for our financial sector?
I will have to refer the hon. Gentleman to discussions with colleagues. I will write back to him.
Alongside Blackpool tower and the pleasure beach, Blackpool rock is just one of the things that makes my constituency world famous. Exports of our most famous edible product, produced locally, are growing year on year. Will the Minister meet me to discuss how we can boost these exports around the world?
I am more than happy to ensure that my hon. Friend is put in contact with our export support scheme, our international trade advisers, our export champions, and our Export Academy to ensure that the world-famous rock continues to be sold across the world.
Let us try again, Madam Deputy Speaker.
Exports from Ireland to GB soared in the first six months of 2021 after Brexit, as imports sent in the opposite direction declined. I wonder whether the Minister can come to the Dispatch Box and advise the House on this matter. With a post-Brexit imbalance in trade, with Irish imports up 20% in the first six months of 2021 and GB exports to Ireland down by more than £2.5 billion, do they not recognise that, for GB—not Northern Ireland—Brexit is a trade disaster?