Trade Agreements: USA
The question
To ask the Secretary of State for Business and Trade, with refence to section 1.3 2. of his policy paper entitled The Atlantic Declaration, updated on 21 June 2023, what progress he has made on establishing an outbound investment mechanism.
Answered by Gareth Thomas
The Department for Business and Trade is keeping the potential national security risk posed by outward direct investment in sensitive sectors under review, and continuing to engage with businesses and financial stakeholders on this issue. In May, the Cabinet Office issued public guidance on how the existing National Security and Investment Act powers allow the Government to intervene in certain outward direct investment transactions.
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