30 October 2012
Waveney MP Peter Aldous yesterday called on the Government to maximise inward trade investment by countries such as China who are showing interest in investing in energy projects off the East Anglian coast.
Mr Aldous highlighted the need for the energy industry to seize globalization opportunities, attract capital in offshore wind projects which will in turn increase trade and foster jobs.
The Minister of State for the Foreign and Commonwealth Office responded positively to Mr Aldous’ remarks and committed the Government to leading the internationalisation and cross-border flows of eco-investment.
Mr Aldous said:
“It is vital that the Government works to encourage and incentivise investment from emerging markets in order for offshore energy to flourish and for our country and the Eastern region to be a world leader in renewable energy.”
FULL TEXT:
Peter Aldous (Waveney) (Con): Many emerging economies such as China are showing significant interest in investing in energy projects off the East Anglian coast. Will the Minister outline his plans, working with other Departments, to maximise these trade opportunities to create jobs?
The Minister of State, Foreign and Commonwealth Office (Mr Hugo Swire): Indeed we can do that. We are in a good position with China at the moment, not least following our acceptance of the very important investment of companies such as Huawei, which places us very well to take in further investment. We have been talking about exports, but it is worth pointing out that the flipside of the coin for this country is inward investment, with some £250 billion-worth of opportunities in our infrastructure between now and 2020. We do need Chinese investment. We need investment from around the world, and we welcome that. If my hon. Friend has good examples in his constituency, that is all to the good.
Mr Aldous highlighted the need for the energy industry to seize globalization opportunities, attract capital in offshore wind projects which will in turn increase trade and foster jobs.
The Minister of State for the Foreign and Commonwealth Office responded positively to Mr Aldous’ remarks and committed the Government to leading the internationalisation and cross-border flows of eco-investment.
Mr Aldous said:
“It is vital that the Government works to encourage and incentivise investment from emerging markets in order for offshore energy to flourish and for our country and the Eastern region to be a world leader in renewable energy.”
FULL TEXT:
Peter Aldous (Waveney) (Con): Many emerging economies such as China are showing significant interest in investing in energy projects off the East Anglian coast. Will the Minister outline his plans, working with other Departments, to maximise these trade opportunities to create jobs?
The Minister of State, Foreign and Commonwealth Office (Mr Hugo Swire): Indeed we can do that. We are in a good position with China at the moment, not least following our acceptance of the very important investment of companies such as Huawei, which places us very well to take in further investment. We have been talking about exports, but it is worth pointing out that the flipside of the coin for this country is inward investment, with some £250 billion-worth of opportunities in our infrastructure between now and 2020. We do need Chinese investment. We need investment from around the world, and we welcome that. If my hon. Friend has good examples in his constituency, that is all to the good.
