UK Trade and Investment

House of Lords written question – answered on 14th September 2011.

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Photo of Baroness Nicholson of Winterbourne Baroness Nicholson of Winterbourne Liberal Democrat

To ask Her Majesty's Government how the Department for International Development's new Private Sector Department will work with UK Trade and Investment.

Photo of Baroness Verma Baroness Verma Lords Spokesperson (Department of Business, Innovation and Skills), Lords Spokesperson (Home Office) (Equalities and Women's Issues), Baroness in Waiting (HM Household) (Whip)

The Department for International Development (DfID) is committed to working closely with the Department for Business, Innovation and Skills, the Foreign and Commonwealth Office (FCO) and UK Trade and Investment (UKTI) to support the UK Government's commercial diplomacy agenda, and to supporting the rollout of UKTI's strategy "Britain Open for Business". Under the International Development Act (IDA) 2002, DfID is not able to use staff time or financial resources to promote UK commercial interests; however, promoting wealth and job creation in developing countries is both morally right and in the UK's national interest.

Collaboration between DfID and UKTI occurs both centrally and at individual country level. Teams have worked closely to develop guidance for DfID, FCO and UKTI staff to provide information on aid-funded business opportunities and to promote the effective use of business networks in developing countries. In Uganda, joint UKTI and DfID work has led to an oil engagement strategy to ensure the effective, transparent and accountable use of oil resources; and in Vietnam DfID's work on improving the business policy environment has drawn on UKTI experience to facilitate the inflow of foreign direct investment.

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