Results 1–20 of 6752 for speaker:Liam Fox

Written Ministerial Statements — Department for International Trade: Comprehensive Economic and Trade Agreement (21 May 2018)

Liam Fox: My Department has today laid the European Union (Definition of Treaties) (Canada Trade Agreement) Order 2017 to designate the EU-Canada Comprehensive Economic and Trade Agreement as a Treaty in accordance with the European Communities Act 1972. The European Union and Canada have concluded negotiation and signature of this Agreement, which was provisionally applied on 21 September 2017 and...

International Trade: US Tariffs: Steel and Aluminium (17 May 2018)

Liam Fox: The Prime Minister and I continue to raise our concerns with President Trump and his Administration about the potentially damaging impact of tariffs on our steel and aluminium industries.  We are working closely with the US and our EU partners to secure a permanent EU exemption to these tariffs.

International Trade: US Tariffs: Steel and Aluminium (17 May 2018)

Liam Fox: When it comes to protection post EU, we will have our own trade remedies measures. But of course the hon. Lady and her Labour colleagues voted against our being able to establish those when the legislation came to the House.

International Trade: US Tariffs: Steel and Aluminium (17 May 2018)

Liam Fox: We want to see a permanent exemption so that we do not get into that position in the first place, but we have made it clear that we would operate with our European partners to ensure that we took any measures necessary that were proportionate and within international trade law to ensure that the situation that the hon. Gentleman describes would not happen.

International Trade: US Tariffs: Steel and Aluminium (17 May 2018)

Liam Fox: We do business with the United States Administration because the United States is our closest strategic partner. Where we disagree on issues such as steel, we make our voice very clear. We do not support the use of section 232 as a mechanism for dealing with the overproduction of steel. That actually hits the United States’ allies and not the designed target, which was China. Citing...

International Trade: Free Trade Promotion (17 May 2018)

Liam Fox: The UK champions the opportunities created by free trade. As I said in my lecture at Speaker’s House last month, free trade increases prosperity, stability and, in turn, security. My Department engages businesses and the public to set out the economic and moral case for free trade: better UK jobs, consumer access to high-quality, well-priced goods and services, and lifting people in the...

International Trade: Free Trade Promotion (17 May 2018)

Liam Fox: I agree with my hon. Friend that that provides enormous opportunities. Free trade has helped to lift more than 1 billion people out of poverty since 1990, and we will do all we can to continue to support the liberalisation of trade with developing countries. Indeed, we demonstrated that commitment by announcing £18 million to support the WTO’s enhanced integration framework in...

International Trade: Free Trade Promotion (17 May 2018)

Liam Fox: I am grateful for the support that my hon. Friend gives to the ceramics industry. It is, of course, necessary to have an international rules-based system. Where we have problems with that, it is our duty to try to improve it, not to try to break or leave the system.

International Trade: Free Trade Promotion (17 May 2018)

Liam Fox: The same message that I would give to everybody: free trade is of benefit to consumers and producers alike in the UK and to our trading partners. As I said, it has been one of the main tools through which we have alleviated global poverty.

International Trade: Free Trade Promotion (17 May 2018)

Liam Fox: The Government have recently completed a number of pilot projects on outward direct investment, and ODI can be a major adjunct to our development agenda. I recently visited a Jaguar Land Rover dealership in Johannesburg. It is not only promoting the sale of UK goods abroad, but providing apprenticeships in mechanics and salesmanship for some of the most deprived young people in Johannesburg....

International Trade: Free Trade Promotion (17 May 2018)

Liam Fox: The WTO and the rules-based system is under attack, it has to be said, today. If the WTO did not exist we would have to invent it. There is a need for a rules-based system, otherwise we would have a free-for-all. The alternative to a rules-based system is a deals-based system, which might be fine for some of the biggest economies but would not help many of the smaller developing economies. It...

International Trade: Foreign Direct Investment (17 May 2018)

Liam Fox: To ensure that we continue to be a global leader in attracting foreign direct investment, the Department for International Trade has launched a new FDI strategy that will deliver new ways to target support for those projects that create the most value for investors and national wealth. I am pleased to say that 2016-17 was a record year for FDI projects landing in the UK, showing that the...

International Trade: Foreign Direct Investment (17 May 2018)

Liam Fox: We regularly ask our investors why they put money in the UK and the answers are very similar. They say that the British legal system provides certainty and predictability. We have a skilled workforce. We have a good, predictable regulatory system and a low-taxation economy. We speak English. We have some of the best universities and some of the best access to tech, and we are in a good time...

International Trade: Commonwealth Countries: Trade Agreements (17 May 2018)

Liam Fox: My Department continues to work with the 24 Commonwealth countries that are part of the EU’s economic partnership agreements or other preferential arrangements to ensure that there is no disruption to our existing trade. We also have regular discussions with Australia and New Zealand on our future bilateral trading relationships through our trade working groups. With Canada, we already...

International Trade: Commonwealth Countries: Trade Agreements (17 May 2018)

Liam Fox: Very confident. I pay tribute to the companies such as BAE and GKN that he mentions in his constituency, which are exemplary exporters. We intend to have an open and comprehensive trade agreement with the European Union. We intend to take advantage of the fact that the International Monetary Fund says that 90% of the global trade increase will be outside Europe in the next 10 to 15 years, and...

International Trade: Commonwealth Countries: Trade Agreements (17 May 2018)

Liam Fox: One of the main problems with India, of course, is the tariff that it applies on whisky. We have been involved in a trade review with India for some months now, and part of the process is to look at the areas where we require liberalisation to bring our two economies close enough to be able to consider a free trade agreement. The high tariff applied on Scotch whisky by India is one of the...

International Trade: Topical Questions (17 May 2018)

Liam Fox: My Department is responsible for foreign and outward direct investment, for establishing an independent trade policy, and for export promotion. I am delighted to announce that my Department recently appointed John Mahon as our new director general for exports; he will oversee the delivery of the Government’s export strategy. Later today, my fellow Ministers and I will be in Stirling for...

International Trade: Topical Questions (17 May 2018)

Liam Fox: The UK has one of the most robust arms export systems, which we operate under the consolidated criteria in line with our EU partners.

International Trade: Topical Questions (17 May 2018)

Liam Fox: Later today I shall outline a project to attract £30 billion of foreign direct investment to the United Kingdom. Many projects, such as the one mentioned by my hon. Friend, are not necessarily visible to global investors, but our new website will ensure that we can attract more investment in middle-sized opportunities, which will genuinely help to bring prosperity to constituencies such...

International Trade: Topical Questions (17 May 2018)

Liam Fox: I did indeed enjoy my visit to Aberdeen, where I was able to chair a roundtable of companies from across the oil and gas industries as well as meeting senior figures from the Wood Group. Representatives of UK Export Finance were present at both meetings, and, as my hon. Friend will know, we are more than happy for UKEF facilities to be made available to the sector.


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