Oral Answers to Questions

Debate between Ranil Jayawardena and Daniel Zeichner

Thursday 14th January 2021 Commons Chamber

[The Parliamentary Under-Secretary of State for International Trade (Mr Ranil Jayawardena)]

I thank my hon. Friend for that question. He is a great champion of business in his constituency, and I can tell him that the deals with Canada and Mexico give vital certainty to businesses across the midlands, which export goods and services worth about £15 billion, in key sectors such as automotive, manufacturing and food and drink. I know that these opportunities, and new ones, will be taken up by businesses—manufacturers and others—on the Holmewood business park in Shirebrook and across the Bolsover constituency.

[Daniel Zeichner (Cambridge) (Lab)[V]]

Data is the lifeblood of modern economies, but the data provisions in the UK-Japan deal, which Ministers have been boasting about this morning, make it less likely that the EU will grant us the vital adequacy agreement that our researchers and businesses need in just a few months. So can Ministers explain how these contradictions are to be resolved?

Oral Answers to Questions

Debate between Ranil Jayawardena and Daniel Zeichner

Thursday 3rd September 2020 Commons Chamber

[Mr Jayawardena]

My hon. Friend is right. There are no winners in a trade war. We will continue to shine as a beacon for free trade in the world, illuminating and toppling trade barriers through free trade agreements, boosting British influence at the G7, the G20 and the World Trade Organisation, and keeping free and fair trade at the heart of all that we do.

[Daniel Zeichner (Cambridge) (Lab)]

One of our great trade and export success stories in the tech sector is Cambridge-based Arm, the tech giant that designs the chip that goes into almost every mobile phone in the world. During the covid crisis, it has been subject to the threat of sale to an aggressive American manufacturer. What is the Government’s response? What discussions is the Minister having with colleagues to ensure that this jewel in our tech crown is not dismembered?

[Mr Jayawardena]

Arm is a very successful business, and I have regular conversations with colleagues in a number of Departments. The most important thing is that we ensure the environment in the UK is one in which all sorts of businesses want to work and, of course, that we preserve our national security.