Part of 1. 1. Questions to the Cabinet Secretary for Economy and Infrastructure – in the Senedd at 1:55 pm on 29 March 2017.
The trade mission wasn’t just about securing more export opportunities. It was also about securing investment opportunities as well, and, in that respect, the trip was clearly a success, because, during the course of the mission, I agreed two deals for investment in Wales, creating a good number of jobs. But the Member is right that there are huge export opportunities, particularly, I believe, in the food and drink sector in China. In terms of exports alone, the sector has grown by 95 per cent in the last 10 years, and, in terms of changing tastes and attitudes and customer persuasions, we know that China is a growth territory.
Recently, my colleague the Cabinet Secretary for Environment and Rural Affairs announced a £21 million fund through Project Helix to look globally at where emerging trends and changing trends offer up greater opportunities for the food and drink sector. This is to be commended. I think it will give us a great opportunity to grow the sector internationally and to create more jobs at home. But, insofar as China is concerned, I’m in no doubt that the strong cultural ties that we’ve established over the last decade should now result in more economic wins for Wales, and, in the years to come, that’s where I’m going to be focusing my attention. I think a great deal of work and a huge amount of success has been realised in terms of developing the cultural bonds between Chinese regions and Wales. But now I want to see those bonds translated into more jobs, more investment, and more exports for Welsh companies.