Oral Answers to Questions Debate
Full Debate: Read Full DebatePeter Aldous
Main Page: Peter Aldous (Conservative - Waveney)Department Debates - View all Peter Aldous's debates with the Department for International Trade
(2 years, 6 months ago)
Commons ChamberAbsolutely. My hon. Friend correctly points out that our two economies have strong service sectors but our current deal predominantly caters for trade in goods. That is why we intend to negotiate a more ambitious, comprehensive and innovation-friendly trade deal, which will open up opportunities for British businesses in areas such as tech, data and digital. My hon. Friend will be aware that next month we are hosting the first ever joint innovation and investment summit between our two countries. That will be a key moment as we deepen our relationship, creating opportunities to increase trade and investment between our nations, create new jobs and boost wages.
The DIT champions the UK’s green exporters all around the world. At the beginning of this month I was in Norway, where I promoted the UK’s green energy offer, and Lord Grimstone spoke at WindEurope in Spain on 6 April. Renewable sector teams within the Department are also working to establish export capability guides, to highlight the UK’s strengths. In our Australia and New Zealand trade deals, we have agreed the removal of tariffs on UK exports of products such as electric vehicles and wind turbine parts, and we have also secured the most substantive climate provisions that Australia and New Zealand have ever committed to in an FTA. UK exports in energy saving and sustainable energy systems increased by over 20% between 2016 and 2019.
I am most grateful to my right hon. Friend for that answer. The offshore wind industry in East Anglia is a great success story, and there are more and more examples of local businesses working all around the world. There is a worry that this may only be short-term and transitory as other countries set up their own local industries. I would be grateful if my right hon. Friend outlined the strategy that is being pursued to ensure that the sale of UK equipment and services is a permanent feature of offshore wind’s global supply chains.
In 2020, the Prime Minister announced that £160 million would be made available to upgrade offshore wind ports and manufacturing, and the money has now been invested. We announced £1.6 billion of investment in our offshore wind sector just last year, including seven new major manufacturing investments and two new offshore wind ports, creating 4,100 jobs by the end of the decade. Alongside that, we have agreed the removal of tariffs on UK exports of products such as wind turbine parts, knowing that we will continue to grow and invest in our manufacturing as well as the service and support aspects of the offshore wind sector, in which the UK continues to be world-leading.