§ Mrs. Curtis-ThomasTo ask the Secretary of State for Trade and Industry what figures she has collated on how many British investment projects there have been into Japan in(a) 1996–97, (b) 1997–98, (c) 1998–99, (d) 1999–2000 and (e) 2000–01; what their size was; and how many of those projects were (i) engineering and (ii) manufacturing based. [46445]
745W
§ Nigel GriffithsThere is no requirement on companies to record British direct investment overseas on a project basis and there is no organisation in Japan that records inward investment in the way that Invest.UK does for the UK.
The Office for National Statistics publish figures for the value of UK net investment flows into Japan. Figures detailing flows for 1996 to 2000 are given in the table. The dramatic increase in investment in 1999 and 2000 is probably accounted for by investments by Vodafone and Cable and Wireless.
Year £ million 1996 378 1997 383 1998 14 1999 1,929 2000 1,269 Source:
National Statistics MA4: Overseas Direct Investment