Asked by: Natalie Fleet (Labour - Bolsover)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what assessment he has made of the adequacy of the level of support provided to businesses in Bolsover constituency by UK Export Finance.
Answered by Chris Bryant - Minister of State (Department for Business and Trade)
In its role as the UK’s export credit agency, UK Export Finance has a range of products designed to support exporters or businesses in the whole of the UK with export potential. In 2024/25, UKEF provided £14.5 billion in support for UK exports. Earlier this financial year, UKEF provided a sizeable guarantee through its Bond Support Scheme to a business in nearby Shirebrook to support its export of freight wagons to Ireland. UKEF’s full product suite can be found at: www.ukexportfinance.gov.uk/products-and-services/.
UKEF also has a network of export finance managers (EFMs) around the whole country who are valuable points of contact for local businesses and can provide information on the range of support available. Contact details for the Derbyshire EFM, and others can be found at: www.gov.uk/government/publications/find-an-export-finance-manager.
Businesses in Bolsover and across the country seeking to sell overseas can also access support from the Department and Business and Trade, such as our network of International Trade Advisors and guidance on GREAT.GOV.UK'.
Asked by: Natalie Fleet (Labour - Bolsover)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, when he expects the Trade Remedies Authority to report the results of its investigation into imports of lubricant and engine oil from Lithuania and the United Arab Emirates.
Answered by Douglas Alexander - Secretary of State for Scotland
The Trade Remedies Authority (TRA) initiated an investigation into the alleged dumping of engine oils and hydraulic fluids from the UAE and Lithuania on 17 June 2024.
Whilst this investigation remains an ongoing process I cannot comment further as doing so may prejudice the investigation. The TRA will publish its provisional affirmative determination on the public file according to the timeline published on the cases public file.
All importers of oil products into the UK must be able to provide evidence to demonstrate that goods are not of Russian origin. In line with WTO rules of origin, Russian oil which has been substantially processed in a third country is no longer considered to be of Russian origin. However, activities such as processing oil products solely to mask their Russian origin are prohibited under UK law.
Asked by: Natalie Fleet (Labour - Bolsover)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what assessment he has made of the impact for his policies of the dumping of imported products from the UAE in the (a) lubricant and (b) engine oil market.
Answered by Douglas Alexander - Secretary of State for Scotland
The Trade Remedies Authority (TRA) initiated an investigation into the alleged dumping of engine oils and hydraulic fluids from the UAE and Lithuania on 17 June 2024.
Whilst this investigation remains an ongoing process I cannot comment further as doing so may prejudice the investigation. The TRA will publish its provisional affirmative determination on the public file according to the timeline published on the cases public file.
All importers of oil products into the UK must be able to provide evidence to demonstrate that goods are not of Russian origin. In line with WTO rules of origin, Russian oil which has been substantially processed in a third country is no longer considered to be of Russian origin. However, activities such as processing oil products solely to mask their Russian origin are prohibited under UK law.
Asked by: Natalie Fleet (Labour - Bolsover)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what steps he is taking to help ensure that sanctioned Russian (a) oil and (b) oil products are not being sold in the UK lubricant and engine oil market.
Answered by Douglas Alexander - Secretary of State for Scotland
The Trade Remedies Authority (TRA) initiated an investigation into the alleged dumping of engine oils and hydraulic fluids from the UAE and Lithuania on 17 June 2024.
Whilst this investigation remains an ongoing process I cannot comment further as doing so may prejudice the investigation. The TRA will publish its provisional affirmative determination on the public file according to the timeline published on the cases public file.
All importers of oil products into the UK must be able to provide evidence to demonstrate that goods are not of Russian origin. In line with WTO rules of origin, Russian oil which has been substantially processed in a third country is no longer considered to be of Russian origin. However, activities such as processing oil products solely to mask their Russian origin are prohibited under UK law.