Results 1–20 of 590 for (in the 'Commons debates' OR in the 'Westminster Hall debates' OR in the 'Lords debates' OR in the 'Northern Ireland Assembly debates') speaker:Mark Garnier

International Trade: Ministerial Discussions (23 Nov 2017)

Mark Garnier: The Department for International Trade has overall responsibility for both inward direct investment into the UK from abroad and outward direct investment from the UK to markets overseas. Officials in my Department and the Department for Business, Energy and Industrial Strategy have numerous discussions on how we can support our businesses. DIT is currently undertaking an export strategy to...

International Trade: Ministerial Discussions (23 Nov 2017)

Mark Garnier: I believe that a north Wales growth deal was announced in the Budget. It is also important to remember that the industrial strategy will be announced next week. That will talk about exactly how we can improve the infrastructure to support the great businesses in north Wales that the hon. Gentleman represents very well.

International Trade: Ministerial Discussions (23 Nov 2017)

Mark Garnier: Scottish whisky is one of our greatest export success stories, and my hon. Friend is right to say that it is worth £4 billion a year. It is this Department that leads, in every sense, on promoting exports of food and drink across the world. With the Department for Environment, Food and Rural Affairs, we look, in terms of agricultural exports, at where we have market access and at...

International Trade: UK Export Finance (23 Nov 2017)

Mark Garnier: We are putting export finance at the heart of trade promotion by enhancing the financial support available to exporters and smaller companies in their supply chains. This is a new guarantee to banks designed to increase liquidity in the supply chain, improving exporters’ access to capital and enabling their suppliers to fulfil new orders. As my right hon. Friend the Chancellor stated...

International Trade: UK Export Finance (23 Nov 2017)

Mark Garnier: In the few short months my hon. Friend has been a Member, he has proved a doughty campaigner for the whisky industry and the agricultural industry in his patch, and I would be delighted to come along and visit him. I would point out that the Board of Trade has been established across the whole country to promote the interests of regions. We have regional international trade advisers, and they...

International Trade: UK Export Finance (23 Nov 2017)

Mark Garnier: I would love to go to Berwick-upon-Tweed, and I cannot wait to go. It is absolutely right that UK Export Finance has introduced a number of measures, including passing delegated powers to the high street banks to offer up to £2 million of export credit. It is important that we recognise that this resource is vital to financing exports. My hon. Friend will know from the recent briefing...

International Trade: UK Export Finance (23 Nov 2017)

Mark Garnier: I will have to get back to the hon. Gentleman on the exact figures, but he is absolutely right to highlight the fact that we need to do more to promote this opportunity for SMEs to get this high street financing through UK Export Finance. To that end, in the Budget, we have allocated an advertising budget in order to be able to promote UK Export Finance.

International Trade: UK Export Finance (23 Nov 2017)

Mark Garnier: It is perfectly reasonable that the whole Government adhere to the objectives of all the agreements we have undertaken, so no Department would go against any of that. However, I would also point out that we are undertaking financing for offshore wind farms, so we are actually helping to build more carbon-neutral capacity.

International Trade: Car Exports (12 Oct 2017)

Mark Garnier: The Secretary of State for Exiting the European Union will be leading negotiations on our trade relationship with the EU, aimed at the greatest possible tariff and barrier-free trade with our European neighbours, including for the automotive sector. The UK will also be able to negotiate our own trade agreements around the world, and it is a high priority that we achieve the best possible...

International Trade: Car Exports (12 Oct 2017)

Mark Garnier: I know the hon. Gentleman stands up for those constituents of his who work at the Toyota plant, but we need to look more carefully at what Toyota is doing. It has made a £240 million investment in the Burnaston factory, in order to make a commitment to the UK after Brexit, and that has been supported by a further £21.5 million from the Government, who are also committed to the...

International Trade: Car Exports (12 Oct 2017)

Mark Garnier: My hon. Friend is right. We are absolutely committed to a tariff and barrier-free relationship with the European Union in the future. It is worth remembering that the European Union exports twice as many cars to Britain as we export to the EU. It is in all our interests—it is in the interests of all the workers in the European Union—for us to achieve a successful and fruitful outcome.

International Trade: Car Exports (12 Oct 2017)

Mark Garnier: The hon. Gentleman is absolutely right. One of the characteristics of the UK car industry over the last few years is the fact that UK components of the supply chain now represent 42%, up from 38%. We have a great opportunity in the whole European Union automotive sector, and our Department is working incredibly hard to ensure that we take advantage of it.

International Trade: Car Exports (12 Oct 2017)

Mark Garnier: My hon. Friend, too, is absolutely right. I travel the world—as, indeed, do all our Ministers—and meet representatives of businesses in countries around the world who see the huge value that this country has, and the great British brand that the Department is representing and selling abroad. What we have to offer is fantastic, and I am an unashamed patriot when it comes to our...

International Trade: Car Exports (12 Oct 2017)

Mark Garnier: The right hon. Gentleman knows full well that, under state aid rules which apply not only to the European Union but to the World Trade Organisation, the Government cannot give subsidies to businesses to create unfair competition against other countries. However, as I said in an earlier answer, the Government have supported Toyota with a £21 million investment. Any support that is given...

International Trade: Foreign Direct Investment (12 Oct 2017)

Mark Garnier: The Department supports foreign investment in all parts of the United Kingdom through our overseas network, international events programme, bespoke sector support, online services and regional teams. We serve the whole of the UK by working closely with investment promotion bodies in the devolved Administrations and local enterprise partnerships in England to co-operate effectively across a...

International Trade: Foreign Direct Investment (12 Oct 2017)

Mark Garnier: My hon. Friend is absolutely right. We have seen some truly amazing numbers coming in. Britain has a record number of inward investment projects, and it is worth bearing in mind the fact that 158,000 jobs have been created and a further 66,000 safeguarded over the past year or so as a result of foreign direct investment.

International Trade: Foreign Direct Investment (12 Oct 2017)

Mark Garnier: Yes, what about all those voters throughout the UK, 52% of whom voted for Brexit? I was a remainer, but we have to uphold the fundamental principle of democracy in this country, and it is the job of all of us in the Government to do our level best to embrace the opportunities—the optimistic opportunities—that Brexit presents.

International Trade: Foreign Direct Investment (12 Oct 2017)

Mark Garnier: It was a great pleasure to visit Muntons in my hon. Friend’s constituency. Her constituency produces a huge number of ingredients that go into Scottish whisky, beer and any number of fantastic products across the country. It is absolutely right that in addressing the question of regulations going forward into a post-Brexit era we in this country maintain our incredibly high standards of...

International Trade: Foreign Direct Investment (12 Oct 2017)

Mark Garnier: The leader of the Liberal Democrats raises a very important point in respect of looking at the statistics. He is absolutely right that fresh investment that comes into this country that creates and safeguards jobs must be disaggregated from, say, stock market transactions, where there is a significant investment in that type of thing. We are looking very carefully at how to disaggregate these...

International Trade: Foreign Direct Investment (12 Oct 2017)

Mark Garnier: Indeed. I have visited Israel; we do a lot of trade with it, and the investment it is making in this country is very welcome. Importantly, since the Brexit vote a huge number of investment projects are coming to the UK, which is creating new jobs. Doom mongers like me who during the referendum were part of the “Project Fear” campaign have been proved wrong, and it is important...


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