(6 years, 3 months ago)
Commons ChamberDuring the recent Heads of Government meeting at the Commonwealth summit, we announced the opening of nine new missions, to great acclaim throughout the Commonwealth. They include six high commissions in Lesotho, Swaziland, the Bahamas, Tonga, Samoa and Vanuatu. As I have told the House before, we are expanding the UK diplomatic network to become the biggest in Europe.
My hon. Friend asks an extremely good question, though he sets a very high bar in asking me in any way to disagree with Her Majesty the Queen, which I will not do because I think that the Prince of Wales will serve admirably as the next head of the Commonwealth.
Intra-Commonwealth trade is expected to increase to £1 trillion by 2020, which is up from £560 billion recorded in 2016. However, Commonwealth nations take just 9% of UK exports of goods and services. Does my right hon. Friend agree that, post Brexit, bilateral trade relations with the Commonwealth will be more important than ever and will provide us with an exciting opportunity to sell our goods and services and set up new trade deals with a third of the world’s population?
My hon. Friend is, of course, entirely right: we have a huge opportunity to build new associations and new trade deals with some of the fastest growing economies in the world comprising, as she knows, 2.4 billion people, but without in any way prejudicing our ability to do unimpeded free trade deals with other countries and to maintain the advantages of free trade with our European friends and partners.