Oral Answers to Questions

Jim Shannon Excerpts
Thursday 10th April 2014

(10 years, 1 month ago)

Commons Chamber
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Michael Fallon Portrait Michael Fallon
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I do not wholly agree with my hon. Friend. There are high-growth opportunities the world over, but the single market to which our businesses have access through our membership of the European Union is still an important part of our trading relationships.

Jim Shannon Portrait Jim Shannon (Strangford) (DUP)
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It may not be a high-growth market, but we had a reception here last week that introduced the fishing, oil and construction opportunities in the Falkland Islands. Has the Minister had an opportunity to discuss those matters with the Falkland Islands to develop those areas and give job opportunities to people from the United Kingdom of Great Britain and Northern Ireland?

Michael Fallon Portrait Michael Fallon
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In my capacity as Minister responsible for oil and gas, I am aware of the opportunities for developing the oil and gas fields off the Falklands. The hon. Gentleman will know that a considerable amount of initial exploration is taking place in the waters just to the north of the Falkland Islands, and of course we stand ready to help the Falkland Islands if that exploration can be turned into significant production.