Oral Answers to Questions
Suzanne Webb Excerpts(2 years, 6 months ago)
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Gareth Bacon (Orpington) (Con)
Suzanne Webb (Stourbridge) (Con)
The Parliamentary Under-Secretary of State for International Trade (Mike Freer)
In 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.
Mike Freer
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.
Suzanne Webb
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?
Mike Freer
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.