Denton and Reddish MP, Andrew Gwynne, has backed a new campaign to mark World Malaria Day as new research has highlighted the challenges that still exist worldwide.
Malaria costs UK business £765 million in lost trade opportunities with a handful of the most affected countries, more widely the UK has a strong economic relationship with these countries worth £15 billion worth of trade each year. India and Nigeria, who have the largest number of malaria cases in the world every year; have trade worth £10 billion and £2.5 billion respectively, with the UK.
Improving the GDP of malaria affected countries creates and grows markets for trade and investment for developed countries, especially where other strong historical and cultural links exist. For example, the Overseas Development Institute calculated that for every pound of bilateral aid spent the UK receives a 22 pence increase in UK exports. In 2014, £5.1 billion in UK bilateral aid increased UK exports by almost £1.1 billion, this amount of exports creates 12,000 UK jobs.
Treatment of, and investment in tackling malaria is one of the main sources of income for the British Life Sciences sector. The sector makes a £14.5 billion direct contribution to UK GDP with 5,000 companies involved and a turnover of £51 billion.
For more information, please read Malaria No More UK’s report, ‘Global Britain and Ending Malaria: The Bottom Line‘ – www.malarianomore.org.uk
Andrew Gwynne said:
“I’m delighted to be marking World Malaria Day and supporting Malaria No-More UK’s campaign to highlight the cost benefits of tackling malaria worldwide.
“Since 2000 we’ve seen mortality rates reduced by two-thirds with 17 more countries eliminating malaria all together, but there is still much to be done with over 200 million cases of malaria worldwide in 2015.
“Malaria has a huge economic and social burden on low income countries, and it’s in the UK’s direct economic interest to help eradicate malaria for good.”