Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what assessment he has made of the adequacy of opportunities for UK fintech firms arising from digital trade negotiations with Malaysia.

Malaysia has a rapidly expanding digital economy and a strong trading relationship with the UK in digitally delivered services, worth over £1 billion in 2023. Negotiations on a UK-Malaysia Digital Trade Agreement present an opportunity to reduce barriers and ensure UK firms can compete and thrive in fast‑growing, tech‑driven markets. This could unlock further benefits for a wide range of UK businesses, including fintech firms. We will continue to engage closely with industry as negotiations progress.