Exports/Foreign Direct Investment

Part of Oral Answers to Questions — Wales – in the House of Commons at 12:00 am on 24 October 2018.

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Photo of Jonathan Edwards Jonathan Edwards Shadow PC Spokesperson (Treasury), Shadow PC Spokesperson (Transport), Shadow PC Spokesperson (Foreign Intervention), Shadow PC Spokesperson (Business, Energy and Industrial Strategy) 12:00, 24 October 2018

The latest HMRC statistics show a 7% increase in Welsh exports to the EU, worth £643 million, while non-EU exports have fallen. Is it not the reality that trade deals with the US, China and the moon will never replace lost trade with the single market and the customs union?