Peter Lilley MP will host an inquiry in the Houses of Parliament next Tuesday into the UK’s Africa Free Trade initiative, which was launched by the Prime Minister five years ago. The initiative seeks to use trade as an instrument for economic growth and poverty alleviation.
Mr Lilley, who was Minister for Trade and Industry in the 1990s, is a co-chair of the All-Party Parliamentary Group on Trade Out of Poverty, which campaigns to persuade developed countries to open their markets to the poorest countries, to help them open up to each other, and to increase their capacity to trade.
Peter said: “I am delighted that Lord Stephen Green, former Minister of State for Trade and Investment and Group Chairman of HSBC, and Mr Ali Mufuruki, a Tanzanian businessman and founder of Infotech Investment Group Ltd, have agreed to chair the inquiry. The scope for increasing trade within Africa by creating a continent-wide free trade area is immense. Now is a good time for the inquiry to see what progress has been made and what further steps are required.”
Following the inquiry, a report will be published and presented to the UK Prime Minister and Ministers from the Department for International Development, Foreign and Commonwealth Office and Department for Business, Innovation and Skills in the summer of 2016.