(12 years, 4 months ago)
Commons Chamber6. What steps his Department is taking to encourage inward investment from developing economies through the diplomatic network.
We are strengthening the UK’s diplomatic network to increase substantially our presence in emerging markets. This will transform relationships in the fastest growing cities and regions, and reinforce work on investment opportunities, which is obviously a key part of repositioning our economy and our drive for export-led growth.
I welcome the Government’s commitment to the expansion of our commercial-diplomatic network, but given the pressure on budgets, including that of the Foreign and Commonwealth Office, how are these measures and the programme of opening new embassies to be funded?
We are already in the business of opening new embassies. We have opened two this year in Africa—I opened one in Abidjan the other day—and we are opening embassies in Mogadishu, Monrovia, Antananarivo, in Madagascar, Bishkek, in Kyrgyzstan, and San Salvador. This will be paid for through a gradual reduction of our footprint in Iraq and Afghanistan and the closure of various subordinate posts in Europe.
(13 years, 10 months ago)
Commons ChamberT6. We learned last week that the United States considers the growth of China’s influence in Africa to be a very worrying development. Will my right hon. Friend indicate whether the Government are also concerned about the Chinese Government’s rush to secure the friendship of undemocratic yet often resource-rich African countries?
When I was in Angola last week, I had a chance to see the scale of Chinese investment. It is clear to us that China offers great opportunities for many African countries. Transparency and governance are key if we are to get the best out of such investments. That is why my right hon. Friend raised these issues in the recent UK-China dialogue on Africa and the subsequent UK-China summit.