Oral Answers to Questions Debate
Full Debate: Read Full DebateSuzanne Webb
Main Page: Suzanne Webb (Conservative - Stourbridge)Department Debates - View all Suzanne Webb's debates with the Department for International Trade
(2 years, 7 months ago)
Commons ChamberIn 2021, the DIT launched a new export campaign for manufacturing businesses—"Made in the UK, Sold to the World”. The campaign, in line with our refreshed export strategy, celebrates the quality of the UK manufacturing sector and its global demand. We are supporting businesses across all the UK regions and nations to amplify and boost export opportunities throughout the manufacturing sector.
We are proud to advance UK manufacturing exports through our free trade agreements programme. For example, with Australia and New Zealand, we eliminated tariffs for 100% of UK manufacturing exports. In almost all cases, tariffs will be eliminated the day that the agreement comes into force. That will save, for example, £34 million of duties for UK car exports to Australia from day one, supporting our levelling-up agenda.
My constituency has a long history of manufacturing excellence, whether in iron and steel or in producing the best glass in the world. I have fantastic companies, such as Quality Metal Products. How is the Department ensuring that UK manufacturers remain competitive in attracting inward investment to help companies in my constituency to support growth?
The UK has a proud reputation as one of the most attractive economies in the world. In 2020, the UK secured the most greenfield foreign direct investment in Europe, according to the United Nations Conference on Trade and Development. Last year, the £1.4 billion global Britain investment fund announced aims to increase our attractiveness, especially to manufacturers. I am more than happy to link up with my hon. Friend’s manufacturers to see what we can do to boost manufacturing in her constituency.