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Written Question
Foreign Investment in UK: Statistics
Thursday 24th May 2018

Asked by: Judith Cummins (Labour - Bradford South)

Question to the Department for International Trade:

To ask the Secretary of State for International Trade, what assessment he has made of the implications for his policies of the OECD Foreign Direct Investment Statistics which were published on 27 April 2018.

Answered by Graham Stuart

A recent OECD report estimated that the UK’s inward FDI stock increased by 6% from 2016 to 2017. Coupled with record levels of FDI projects into the UK in 2016/17, this demonstrates the attractiveness and stability of the UK investment environment. UK greenfield investment was stable between 2016 (£29.5 billion) and 2017 (£28.9 billion), despite inward FDI flows (including mergers and acquisitions activity) reducing by 90% between 2016 and 2017.

The Government continues to focus on maintaining an attractive investment environment through which we can maximise the benefits of foreign investment to the UK economy.

Speech in Commons Chamber - Thu 17 May 2018
Oral Answers to Questions

"The Minister often remarks that trade has pulled millions of women out of poverty, but in the Trade Bill Committee the Government voted against ensuring that future trade deals fully comply with the convention on the elimination of all forms of discrimination against women. Has he changed his mind on …..."
Judith Cummins - View Speech

View all Judith Cummins (Lab - Bradford South) contributions to the debate on: Oral Answers to Questions
Speech in Commons Chamber - Thu 29 Mar 2018
Oral Answers to Questions

"British audiovisual exports are worth £7.4 billion a year, with more than £3 billion of that coming from trade with the EU. The industry has raised major concerns that its ability to export into the European market will be undermined, unless there is frictionless access for broadcasters and creative industries. …..."
Judith Cummins - View Speech

View all Judith Cummins (Lab - Bradford South) contributions to the debate on: Oral Answers to Questions
Speech in Commons Chamber - Thu 22 Feb 2018
Oral Answers to Questions

"Our current trading relationships with many partners ranging from Switzerland to Mexico are overseen by joint committees of the EU and those other states. Will the Minister tell us how many of the committees will be replaced by UK equivalents after Brexit, and what progress his Department has made in …..."
Judith Cummins - View Speech

View all Judith Cummins (Lab - Bradford South) contributions to the debate on: Oral Answers to Questions
Speech in Public Bill Committees - Tue 30 Jan 2018
Trade Bill (Fifth sitting)

"I beg to move amendment 6, in clause 2, page 2, line 29, at end insert—

“(4A) Regulations under subsection (1) may make provision for the purpose of implementing an international trade agreement only if the provisions of that international trade agreement do not conflict with, and are consistent with—

…..."
Judith Cummins - View Speech

View all Judith Cummins (Lab - Bradford South) contributions to the debate on: Trade Bill (Fifth sitting)
Speech in Public Bill Committees - Tue 30 Jan 2018
Trade Bill (Fifth sitting)

"It is incredibly important to include an ethical dimension to any human rights legislation in the Bill. We also require all future UK trade agreements to be consistent with the sustainable development goals adopted by the UN General Assembly in September 2015.

The importance of those goals needs no further …..."
Judith Cummins - View Speech

View all Judith Cummins (Lab - Bradford South) contributions to the debate on: Trade Bill (Fifth sitting)
Speech in Public Bill Committees - Tue 30 Jan 2018
Trade Bill (Fifth sitting)

"It is important that we establish the principles of human rights within our trade agreements...."
Judith Cummins - View Speech

View all Judith Cummins (Lab - Bradford South) contributions to the debate on: Trade Bill (Fifth sitting)
Speech in Public Bill Committees - Tue 30 Jan 2018
Trade Bill (Fifth sitting)

"I am talking about both because human rights are the basis of principle, not a point, so my proposal covers both.

To prove the point, the world’s least developed countries saw their share of global merchandise fall still further, to under 1%, in 2015. Africa has seen its share of …..."
Judith Cummins - View Speech

View all Judith Cummins (Lab - Bradford South) contributions to the debate on: Trade Bill (Fifth sitting)
Speech in Public Bill Committees - Tue 30 Jan 2018
Trade Bill (Fifth sitting)

"I absolutely agree. The sustainable development goals include the capacity to increase significantly the exports of developing countries, with a view to doubling the least developed countries’ share of global exports by 2020. The SDGs can also allow for timely and lasting duty-free and quota-free market access for the least …..."
Judith Cummins - View Speech

View all Judith Cummins (Lab - Bradford South) contributions to the debate on: Trade Bill (Fifth sitting)
Speech in Public Bill Committees - Tue 30 Jan 2018
Trade Bill (Fifth sitting)

"I remind the hon. Member for Milton Keynes South that the opening line of the Bill says that its aim is to

“Make provision about the implementation of international trade agreements”

per se. It is about principle, and about the fact that the Bill is a legal entity in itself...."
Judith Cummins - View Speech

View all Judith Cummins (Lab - Bradford South) contributions to the debate on: Trade Bill (Fifth sitting)