Oral Answers to Questions Debate
Full Debate: Read Full DebateElaine Stewart
Main Page: Elaine Stewart (Labour - Ayr, Carrick and Cumnock)Department Debates - View all Elaine Stewart's debates with the Department for Business and Trade
(2 days, 20 hours ago)
Commons ChamberThe UK’s recent trade agreements with India, the United States and the European Union confirm that, under this Government, Britain is back and open for business. These deals open markets and cut tariffs and will contribute to growth across the United Kingdom. For example, our deal with the EU—our closest and largest trading partner—contributes to our promise to reset our relations with our friends and neighbours in Europe. The sanitary and phytosanitary measures and the emissions trading system measures announced at the summit could increase UK GDP by nearly £9 billion by 2040.
I pay tribute to Cumbernauld’s advanced manufacturing capability. It is estimated that the UK-India free trade agreement will boost the whole UK economy by £4.8 billion and grow trade with India by over £25 billion annually. The Scotch Whisky Association forecasts £1 billion in extra exports and 1,200 new jobs. For Irn-Bru, which I understand is headquartered in my hon. Friend’s constituency, the agreement also removes India’s 33% tariffs on UK soft drinks. This India deal was delivered in the UK as a result of the hard work of our negotiators and the leadership of the Secretary of State, and it will benefit exporters and advanced manufacturers right across our country.
Luxury knitwear products from Alex Begg, based in my Ayr, Carrick and Cumnock constituency, are a great example of quality Scottish exports, and it has a great reputation in leading fashion houses across the world. Like many businesses, Alex Begg is happy to see that good UK trade deals are back in fashion. Will the Minister join me in visiting Alex Begg in Ayr to hear about the importance of trade deals to local businesses with global ambitions?
I pay tribute to the craftsmanship and global ambitions of Alex Begg in Ayr. My mother’s side of the family are all from Ayrshire, so it would be a personal pleasure to visit Ayrshire, as my hon. Friend suggests. I would suggest that we could visit Alex Begg during the summer recess, but then again, as Billy Connolly once observed:
“There are two seasons in Scotland: June and winter.”