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Amendment of the Law

Part of the debate – in the House of Commons at 12:52 pm on 19th March 2015.

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Photo of Vincent Cable Vincent Cable The Secretary of State for Business, Innovation and Skills 12:52 pm, 19th March 2015

The hon. Gentleman is absolutely right. Indeed, UKTI’s work these days concentrates on supporting SMEs. As a country, we underperform on the contribution of the SME sector to exports, compared with countries such as Germany, and that is the focus of UKTI’s work. I would also emphasise his other point on the need to build up our relationship with China. We have worked very hard on that, and the Prime Minister and the Chancellor have led from the front on our relations with China, which are good. The establishment of the new financial institution, in which Britain is a co-investor, is a signal of the importance we attach to our relations with China, and that will continue.