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A Trading Nation

Part of the debate – in the Scottish Parliament on 30th May 2019.

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Photo of Dean Lockhart Dean Lockhart Conservative

I will in a second.

We have one trade office in the rest of the UK. Having one trade office to service a market that accounts for over 60 per cent of our trade makes no sense. That is why we—this is our policy proposal—have announced plans to set up a series of trade hubs in key regions across the rest of the UK to help Scottish businesses to become embedded in the significant supply chains of the UK’s major economic regions. We would not have just one trade hub in the rest of the UK; we would have a series of trade hubs.

Since 2002, our exports to non-EU markets have increased by 95 per cent and now represent 23 per cent of our trade, compared to a figure of 17 per cent for the EU. In the next 10 years, 90 per cent of the world’s economic growth will take place outside Europe.