To ask the Chancellor of the Exchequer what estimate he has made of the impact of the proposed multilateral agreement on investment on levels of investment and growth rates in the UK and the EU; and if he will make a statement. [30546]

The UK is a major source and recipient of international investment. A successful Agreement will provide investors with extra confidence in making investment decisions. This will help to promote investment flows between countries, thus contributing to sustained economic growth. Foreign investors in the United Kingdom already benefit from an open and welcoming environment. Our European Union partners also maintain few restrictions on foreign investment. The main benefits for UK investors are therefore expected to arise in markets outside Europe.