Oral Answers to Questions Debate
Full Debate: Read Full DebateStuart C McDonald
Main Page: Stuart C McDonald (Scottish National Party - Cumbernauld, Kilsyth and Kirkintilloch East)Department Debates - View all Stuart C McDonald's debates with the Department for International Trade
(5 years, 8 months ago)
Commons ChamberWe have signed a memorandum of understanding with the five biggest banks so that they can encourage businesses to utilise UK Export Finance. One of the main areas where it is under-utilised is small businesses, but the positive side is that last year more than 70% of the agreements signed by UKEF were with small businesses. That is a trend that we would like to see continue.
I take the opportunity to praise the work of the Fairtrade organisation, which is so well led and co-ordinated by my very good friend Lord Price. It is essential that we look at these issues because free trade is not a free-for-all. There need to be rules around it and there needs to be fair trade. The Government will look sympathetically at what the hon. Gentleman suggests.