Oral Answers to Questions

Debate between Ranil Jayawardena and Andy Carter

Thursday 21st April 2022 Commons Chamber

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

It is always a pleasure to meet the hon. Lady. I am happy to confirm that we are committed to bulldozing trade barriers. I am pleased that Chile has been able to approve British pork producers exporting into a market that is worth over £200 million as part of our total trade in goods and services of £26.5 billion. There is more to do; I am happy to meet her.

[Andy Carter (Warrington South) (Con)]

T4. The Gulf states are an important trading zone for businesses based in Warrington South, particularly given the excellent links through Manchester Airport to the Gulf. What progress is my hon. Friend making in developing trade and investment links between the UK and the Gulf Co-operation Council?

[Mr Jayawardena]

The six GCC nations form together one of our largest trading partners, with total trade standing at over £31 billion in the four quarters to September last year. In January, we completed a public consultation in support of a trade deal with the GCC that gets the best deal for British businesses and consumers. We aim to start those negotiations with others later this year. In the meantime, we are driving forward investment, including £1 billion from the Kingdom of Saudi Arabia supporting sustainable aviation in Teesside, and, as I referred to earlier, £10 billion from the United Arab Emirates in a sovereign investment partnership.

Oral Answers to Questions

Debate between Ranil Jayawardena and Andy Carter

Thursday 15th July 2021 Commons Chamber

[Andy Carter (Warrington South) (Con)]

What recent progress her Department has made on negotiating a free trade agreement with India.

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

I was delighted to devise the enhanced trade partnership concept last year, and after much work across Government, the Prime Minister agreed the ETP with his counterpart on 4 May. Trade with India has averaged around £20 billion over recent years, and with its population bigger than those of the EU and US combined, the scope for growth is great, so I am looking forward to discussing our future trade deal with my new counterpart very soon.

[Andy Carter]

I warmly welcome the work the Minister is doing to secure a trade agreement with the world’s fastest growing economy. Does he agree that a trade deal with India will open the door for British goods—whisky from Scotland, fine wines from the vineyards of south Wales and handcrafted gin from Warrington, the best in the world?

[Mr Jayawardena]

I am in absolute agreement with my hon. Friend and I must make a visit to Warrington to sample some of this superb gin. India is projected to be the world’s second largest economy by 2037, so the opportunities for British businesses, from financial services to pharmaceuticals, form food and drink to film and music, are huge. This people’s Government are determined to make sure that every corner of our country benefits from international trade, securing growth and creating jobs.

Oral Answers to Questions

Debate between Ranil Jayawardena and Andy Carter

Thursday 8th October 2020 Commons Chamber

[Andy Carter (Warrington South) (Con)]

Businesses in Warrington South tell me they want to do more business around the world. Can my hon. Friend tell me and the House how they can do that with the benefit of our new free trade agreements?

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

I know that many businesses in Warrington are already flying the flag. Earlier this week, I was delighted to learn that Warrington’s ICC Solutions has secured a deal with a major US acquiring bank so that its technology will be used to make card payments safer in America. This company does great work as one of our export champions too. Ultimately, FTAs are going to create better jobs, higher wages, more choice and lower prices for all parts of our country. An ambitious FTA with the US could boost the economy in the north-west by £389 million per year.