Chi Onwurah
Main Page: Chi Onwurah (Labour - Newcastle upon Tyne Central and West)Department Debates - View all Chi Onwurah's debates with the Cabinet Office
(2 days, 14 hours ago)
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Mr Alexander
As my statement sought to make clear, there will be specific provision for SMEs as part of this deal, because we recognise that the huge Indian market can often be a challenge for businesses that do not have the capabilities of larger businesses.
I am grateful to the right hon. Gentleman for his generous words about the Scotch whisky industry. From the quotes that we are receiving this afternoon from Diageo, Chivas and the Scotch Whisky Association, he is very much on all fours with the industry in recognising that this is a quite extraordinary deal for Scotch whisky.
Chi Onwurah (Newcastle upon Tyne Central and West) (Lab)
I congratulate the Minister on securing the UK’s largest trade deal with the G20’s fastest growing economy. The Indian high commission recently appointed Newcastle’s very first honorary consul general, and we will have much to discuss when we meet, because there is so much in this deal to look at and scrutinise. I thank the Minister for specifically mentioning advanced manufacturing in the north-east as well as small and medium-sized businesses everywhere. Could he say a little more about how small businesses in the north-east can secure and access the opportunities brought forward by this deal? I am thinking particularly of our fantastic digital sector and our great health sector.
Mr Alexander
For both the digital sector and the healthcare sector, the deal offers significant opportunities in a huge and expanding market in India. It will deliver a degree of certainty as well as significant tariff reductions across a range of sectors, and it also affords us the opportunity to think long-term. We want to support the advanced manufacturers with which my hon. Friend is very familiar in the north-east of England to be able to make strategic investments in exporting to the Indian market. They will be investing in exporting not just to a large but to a growing market, and one that holds significant commercial opportunities for the decades ahead.