Trade and Investment in Wales 2021-04-15
2021-04-15
TAGS
Response quality
Questions & Answers
Q1
Partial Answer
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Context
The MP asks about the economic impact of international trade in Wales.
What recent assessment has been made of the economic effect of international trade on Wales?
Last month, I announced our new trade and investment hub in Wales, which will support almost 200,000 exporters and channel investment into Wales. It will play a crucial role in the export-led, jobs-led recovery for Wales.
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Assessment & feedback
The specific economic effect of international trade was not directly assessed; instead, a new hub initiative was introduced.
Response accuracy
Q2
Direct Answer
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Context
The MP inquires about specific benefits that a trade and investment hub will bring to exporters in Aberconwy and north Wales.
What benefits has the Secretary of State identified that the hub will bring to exporters here in Aberconwy and across north Wales?
The trade and investment hub will provide support to business across Wales. There are already 2,000 people in Aberconwy working in export-intensive industries. The trade hub will provide support, including for Welsh lamb exports, which have resumed after more than 20 years to countries such as Japan.
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Assessment & feedback
Response accuracy
Q3
Partial Answer
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Context
The MP questions the reliability of the “Global Britain, local jobs” analysis given its outdated data on Welsh industries and employment.
Does the Secretary of State think that this outdated, incomplete analysis is a reliable foundation on which to base her trade policy for Wales?
The analysis that we produced as part of “Global Britain, local jobs” is the first time that we have produced data at a constituency level for export industries, and it always takes time for statistics to be processed. The new Trade Bill has enabled us to get access to more up-to-date data that we will of course continue to update our strategy with.
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Assessment & feedback
The reliability of the outdated analysis was not directly addressed; instead, newer data access is referenced.
Response accuracy
Q4
Partial Answer
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Context
The MP questions the justification for a low number of inward investment projects in Wales compared to other regions.
How can she justify those figures?
We are establishing a trade and investment hub in Cardiff this year that will employ up to 100 people precisely to bring more investment into Wales, more jobs into Wales, and more export opportunities into Wales.
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Assessment & feedback
The disparity in inward investment figures was not directly addressed; instead, a new hub initiative is announced.
Response accuracy