Proceeding contribution from Lord Strathclyde (Conservative) in the House of Lords on Monday, 15 November 2010. It occurred during Ministerial statement on G20.
G20
The noble Lord, Lord Boateng, brings to our debates a very particular interest and expertise, which are very greatly valued by this House. I know that we will hear a great deal more from him on this subject. He is right to say that a great deal more needs to be done; he is equally right that we have taken another step forward in the process of providing for the long-term prosperity of the continent of Africa. Our view, which is well known and is a collective view across the parties, is that trade is the greatest wealth creator ever known and it is right that we should press hard to secure a strong, comprehensive and balanced trade pillar within the development working group’s multi-year action plan, including action on duty-free, quota-free access. For Africa’s small economies to achieve faster and sustained growth, they need to be able to trade better with each other and with global markets. African political leaders are increasingly recognising the importance of regional integration as a key objective of the African Union, with a view to the eventual creation of an African economic community. I agree with the noble Lord that there is still a great deal more to be done, but things are considerably better than where we were 10 or 20 years ago.
Secondary information
- Type
- Proceeding contribution
- Reference
- 722 c552
- Session
- 2010-12
- Chamber / Committee
- House of Lords chamber
- Subjects
- Climate change Development aid China Africa Financial institutions Economic situation International Monetary Fund Prime Minister Regulation Trade Trade agreements Exchange rates Visits abroad South Korea G20 Protectionism World economy
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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