Oral Answers to Questions Debate
Full Debate: Read Full DebateKatrina Murray
Main Page: Katrina Murray (Labour - Cumbernauld and Kirkintilloch)Department Debates - View all Katrina Murray'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.
Cumbernauld is fast becoming a centre for advanced manufacturing, with too many companies to name basing themselves there. Will the Minister set out how the UK’s trade agreements are helping such companies to expand into new markets, creating growth and jobs in places such as Cumbernauld? What steps are being taken to ensure that more Scottish manufacturers can take advantage of these deals?
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.