Oral Answers to Questions

Stephen Crabb Excerpts

Thursday 15th December 2022 Commons Chamber

[Kemi Badenoch]

I congratulate my hon. Friend on being a doughty champion of Indonesia and on being such a good trade envoy. He is right that we want to have a JETCO early next year. The Department is liaising closely with its counterparts in Indonesia, and I would be delighted to invite him to assist us in all our engagements to make sure we see all the good things that he wants to happen.

[Stephen Crabb (Preseli Pembrokeshire) (Con)]

I start by thanking you, Mr Speaker, for leading us in the one-minute silence commemorating 80 years since this House recognised that the holocaust was taking place in Nazi-occupied Europe. It was a powerful moment for the House, and thank you, too, for the welcome you gave to the incredible holocaust survivors who are with us this morning.

Following the Minister’s meeting with the French Trade Minister Olivier Becht yesterday, does he agree that there is a new mood of optimism around the Franco-British bilateral relationship, and that the planned summit in the new year provides a really good moment to think about deepening our ties of co-operation, especially on trade and energy security, and increasing people-to-people contact?

[Greg Hands]

I join my right hon. Friend in commending you, Mr Speaker, for the commemoration earlier today. My right hon. Friend is quite right that I had a very good meeting with Olivier Becht yesterday. It lasted a full hour, online, and we covered an enormous range of issues, including preparations for the UK-France summit coming up early next year. That will be a great opportunity for us to build on that relationship.

As the Minister responsible for exports—my hon. Friend the Member for West Aberdeenshire and Kincardine (Andrew Bowie)—said, trade with the EU is going back up. That is great news and we need to make sure that the trading relationship with France—we are the third largest investor in France and that is a really important relationship —continues to flourish. I know that my right hon. Friend, as chair of the all-party group for France, will take a keen and continuing interest in that.

Oral Answers to Questions

Stephen Crabb Excerpts

Thursday 20th January 2022 Commons Chamber

[Anne-Marie Trevelyan]

On this side of the House, we continue to know that the Union is the strongest way that Scottish businesses can continue to export. Some 75% of exports are to the rest of the United Kingdom, and we want to make sure that, as well as trading with all of us, they have the opportunities our free trade agreements will make and find that selling their fantastic goods and services across the world becomes easier. However, we continue to say that the best way for Scottish businesses to do that is to stay within the UK.

[Stephen Crabb (Preseli Pembrokeshire) (Con)]

Last week at Expo in Dubai, I was struck by the number of trade reps and investors from across the Gulf who told us just how much easier they have found doing business visits to London in recent months compared with other cities internationally. Does my right hon. Friend agree with me that such remarks underline just how important it was for us as a Government, from a trade and investment perspective, to get right those big decisions about the vaccine roll-out and relaxing the covid restrictions to give us a head start as the international trading community recovers from covid?

[Anne-Marie Trevelyan]

My right hon. Friend is absolutely right. The Prime Minister has taken some incredibly tough decisions, and in doing so has made sure that our economy has stayed open and our population has remained safe. We have been world leading not only in vaccine production, but in distribution, so ensuring that the trade and enterprise so vital to our constituents and across the world supports healthy economies and, indeed, makes sure that everybody is in as good health as possible. It is lovely to hear those messages. What I hear as I travel around the world is that the UK is open for business, and we are seeing the benefits of that across the piece.

Oral Answers to Questions

Stephen Crabb Excerpts

Thursday 5th March 2020 Commons Chamber

[Elizabeth Truss]

We are leaving the EU so that we can make our own regulatory decisions, including about how we manage our agriculture and horticulture. Of course we want to get the best possible free trade deal with the EU, but that does not mean continuously harmonising with its regulations.

[Stephen Crabb (Preseli Pembrokeshire) (Con)]

The top source market of foreign direct investment projects coming into the UK continues to be the United States, by a considerable margin. Does that not underline the importance of Heathrow and of the transatlantic aviation route as an enabler of those deals? Will the Minister confirm that the Government are still committed to growth in that important market?

[Graham Stuart]

My right hon. Friend is correct to highlight the importance of Heathrow and transatlantic links with the US and beyond—not only for exports, but for foreign direct investment. I am sure that he and the rest of the House will be kept informed as Government policy develops.

Oral Answers to Questions

Stephen Crabb Excerpts

Thursday 23rd January 2020 Commons Chamber

[Graham Stuart]

A day when the hon. Gentleman rises above party politics is one when we know a significant shift has occurred in the body politic, but I will try to take the question in the spirit in which it was intended. We are consulting and engaging widely, including with devolved areas of the country, to ensure we come up with exactly the right package to be able to assure even the most sceptical, albeit now non-party political people like the hon. Member, that free ports really can galvanise further job development and prosperity.

[Stephen Crabb (Preseli Pembrokeshire) (Con)]

It is important that this policy does not lead to market distortions and displacement of activity around ports. Does my hon. Friend agree that the key to making this a success is to build on the unique competencies and excellence of individual ports, such as the port of Milford Haven in my constituency, with its unique energy expertise?

[Graham Stuart]

My right hon. Friend is absolutely right. It is about tailoring the policy to the particular, ensuring we have something that does not lead to distortion but does lead to additional inward investment. We have gained more foreign direct investment in this country than any other European nation. That is one of the fundamental reasons why we have more people in work as a percentage of the population than the US, Germany or France, and why we have the lowest youth unemployment in our history. I am determined that the free port policy will be well-tailored to the individual circumstances of each area, while ensuring there is no distortion.

Oral Answers to Questions

Stephen Crabb Excerpts

Thursday 17th October 2019 Commons Chamber

[Elizabeth Truss]

I hope that the hon. Lady will be supporting the Prime Minister in his negotiations in Brussels, where he has already secured significant advances to where we were, in particular by ensuring that Britain is able to have its own independent trade policy once we leave the EU, and to control our own rules and regulations.

[Stephen Crabb (Preseli Pembrokeshire) (Con)]

To avoid freeports just displacing activity, does the Minister agree that freeport activity should be based on the existing unique and distinctive capabilities of a port, such as Milford Haven, the UK’s leading energy port, which has an unrivalled skills base and infrastructure?

[Graham Stuart]

My right hon. Friend is quite right. The design of the policy is vital. Optimising existing strength is an important part of ensuring that the policy is a success.

UK-Israel Trade

Stephen Crabb Excerpts

Tuesday 3rd July 2018 Westminster Hall

[Chris Green]

Those are incredible statistics and they show the innovative and entrepreneurial nature that so many Israelis have and the culture that the wider society embraces. As I mentioned and as has been highlighted, Israel is renowned as the start-up nation—a true high-tech start-up powerhouse. Israel is widely viewed as a desert country with few natural resources, which is perhaps one of the drivers behind that, although there have been discoveries of natural gas off the coast. Despite the geographical challenges and some security threats, an enormous number of innovations and inventions have emerged from the country. Israel has gone from being a desert to the land of milk and honey, and now the land of Apple and Microsoft. Indeed, most of the world’s leading tech companies now have a research and development presence in the country, which is testament to the character and qualities of the people, which my hon. Friend highlighted.

The country’s prowess in the fields of high-tech, energy, medical science and FinTech is in large part due to the need to adapt as challenges arise.

[Stephen Crabb (Preseli Pembrokeshire) (Con)]

My hon. Friend is making an extremely important point. Does he agree that the extraordinary levels of inward investment into Israel by high-end, high-value companies in the tech space and pharmaceutical space demonstrate that when British companies do business with Israel they are plugging themselves into some of the highest-value sectors of the global economy, which is exactly what we need to do to make Brexit a success?

[Chris Green]

I agree entirely; my right hon. Friend is absolutely right. That highlights the connectivity and relationships that underpin so much of high tech, culture and the arts.

The necessity of adapting and developing solutions to the challenges Israel faces is a key part of its impressive start-up ecosystem. The culture of entrepreneurship and striving to achieve is reflected in the fact that there have been 12 Israeli Nobel prize winners in the fields of peace, literature, physics, chemistry, medicines and economics; I think that is a 100% record across all the different fields in which they could achieve Nobel recognition. Israelis will be the first to tell you that the Israeli autonomous driving company Mobileye was sold to Intel for a remarkable £12.5 billion and is just one of many success stories, including Waze, the USB storage device and internet firewalls.

As we debate here, dozens of Israeli scale-up founders are in London sharing their experience as part of Innovate Israel 2018. The event, co-ordinated by UK Israel Business, has become a major event in the UK high-tech calendar and is another example of how British and Israeli businesspeople work together every day.

Israel’s cultural exports are no less significant. Netta famously captured the hearts of a continent this year when she won the Eurovision song contest. Hers was an amazing performance that delighted all those who watched it on the evening and on YouTube or other sources afterwards.

Oral Answers to Questions

Stephen Crabb Excerpts

Thursday 12th October 2017 Commons Chamber

[Mark Garnier]

The leader of the Liberal Democrats raises a very important point in respect of looking at the statistics. He is absolutely right that fresh investment that comes into this country that creates and safeguards jobs must be disaggregated from, say, stock market transactions, where there is a significant investment in that type of thing. We are looking very carefully at how to disaggregate these two types of investment to get a much clearer picture, but he raises an important point and I assure him that the Department’s economists are looking at this.

[Stephen Crabb (Preseli Pembrokeshire) (Con)]

In the 12 months since the EU referendum in 2016, 32 Israeli companies have invested in new business ventures in the UK, bringing an increase in capital investment of 32% from that country. Does that not demonstrate, first, a strong vote of confidence in the UK economy, and, secondly, that Israel should be a natural partner for any future free trade agreement?