(5 years, 5 months ago)
Commons ChamberThe hon. Gentleman again wants to frustrate the will of his constituents. The automotive industry is in massive global flux, and trying to link every decision to Brexit leads people astray, just as he and so many of his colleagues do as they come up with these false arguments for a second referendum. The people want the thing they decided to be done and they do not want to hear weasel words from the Labour party, trying to say the opposite.
The export strategy sets out how the Government will encourage, inform, connect and finance UK businesses so that they can take advantage of the international demand for British goods and services. In February we launched the new export champion community, a network of the UK’s leading exporters which will encourage their fellow firms to start exporting and will offer practical advice.
I am thinking very much of the workers at Ford this morning, because my first job was as a foreman at Ford in Bridgend. I hope that a way through can be found.
When it comes to informing and connecting, the Department needs people on the ground, but its budget in Africa, where I am one of the trade envoys, is very small. It has excellent people, but not nearly enough of them. What is the Minister doing to persuade the Treasury to invest more in “feet on the ground” for our trade missions in Africa and across the world?
(5 years, 6 months ago)
Commons ChamberIt is vital for us to encourage low-income countries to participate fairly in world trade, and for that they need inward investment. Will the Minister kindly advise us on what the UK is doing to promote investment into low-income countries so that they can participate fairly and reasonably in world trade, with world-class goods and services?
I thank my hon. Friend for championing lower-income countries around the world. We have made outward direct investment a priority. We are working with the Department for International Development to help developing countries to attract FDI. The Prime Minister has tasked us with making the UK Africa’s biggest G7 investor by 2022. Through our own investment promotion programme, DFID’s Invest Africa programme, and the Africa investment summit, which I am organising with DFID and the Foreign and Commonwealth Office, we aim to drive mutual prosperity, in Africa and beyond.