Libya

William Bain Excerpts

Monday 5th September 2011 Commons Chamber

[The Prime Minister]

I think we should act with others, and in a way that maximises our influence. What has happened among Arab countries, including their progressive recognition that Assad is illegitimate and cannot now take his country forward, is very important, but we still have not got to a position where there is unanimity about that across the Arab world, or indeed in the United Nations itself.

[Mr William Bain (Glasgow North East) (Lab)]

Although Libya is the second richest African nation in terms of gross domestic product per capita, it suffers from unemployment rates in excess of 30%. Will the Prime Minister tell us how the international community will be able to help the new Libyan Government to develop a more knowledge-based economy and to increase Libya’s share of trade with the European Union and its other major trading partners?

[The Prime Minister]

The hon. Gentleman raises an important point. We are trying to change the entire European neighbourhood policy to make it much more about market access and trade, and in some ways we have been successful. If those north African countries traded as much with each other and with the EU as European countries do, they would have far higher levels of GDP and much more balanced economies. The exciting thing about Libya is that, because of its oil wealth and its relative size, it can be an economic success story. For too many countries, oil has been a curse rather than a blessing, but Libya has this opportunity to make a new start and to put those oil revenues to good use.