L

Lord Purvis of Tweed (LD)

Speaking in the House of Lords on 17 October 2024

Debate

Taiwan

Contribution

My Lords, UK trade with Taiwan is of strategic importance to the United Kingdom, so tension in that area is of concern to our economy, especially in light of the fact that the UK has a trade deficit of £26 billion with China. That means that we are vulnerable to China with regard to trade, so I support the Government in carrying out a strategic audit. Will the Minister commit that that will be published and debated in Parliament in advance of the defence review and the Government’s industrial strategy, so that it can inform those, not be responsive to them?

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