15:37 The Parliamentary Under-Secretary of State for Foreign, Commonwealth and Development Affairs (David Rutley)

As the hon. Member for Hemsworth set out, this is not just about trade. Of course, we need to ensure that growth is green and sustainable. Chile is a clear climate leader in Latin America. Inspired in part by UK legislation, Chile has legally committed to a net zero target by 2050 and has ambitions to be a leading global producer of green hydrogen. I learned more about that during the Chile Day celebrations this week. There are clear opportunities to benefit both our countries and the planet if we move these initiatives forward. Our COP26 presidency came after Chile’s, creating a close relationship on climate action that continues to this day. Chile signed up to more commitments at COP26 than any other Latin American country. We have supported Chile to sell green and sustainable bonds worth more than £21 billion on London’s sustainable bond market.

I am confident that the links between our two countries will only continue to grow over the coming years and decades. Chile has an important role to play in making the international order fit for the 21st century, and the UK will work closely with our friends and partners there to do just that. We will continue to stand together to promote and protect democracy and human rights. We will work to boost our trade relationships further, creating jobs and furthering innovation in both our countries. On climate, we will continue our close relationship as we strive to deliver net zero, and on the global stage we will continue to stand together to speak out in condemning Russia’s aggression and supporting the people of Ukraine.

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