(3 years, 5 months ago)
Lords ChamberMy Lords, the UK-US relationship has been the cornerstone of our shared prosperity and security for over a century and should remain so. Therefore, I warmly welcome the New Atlantic Charter. The original charter was a catalyst for promoting free trade through the creation of the General Agreement on Tariffs and Trade. Given that the pandemic has hit the world’s poorest hardest, with an estimated 150 million people pushed back into extreme poverty, while the world’s richest have seen their fortunes increase by over 25%, how can this new charter emulate its predecessor by re-energising free trade, which benefits the poorest people in the poorest countries, and steer us away from protectionism, which favours the rich in the richest countries?
I thank my noble friend. When the Prime Minister and the President met in Cornwall, they agreed that the revitalised charter was a fitting testament to the sheer breadth and depth of co-operation between our countries. They have resolved to take this co-operation further by expanding trade and progressing towards a UK-US free trade agreement and of course, as he rightly said, by continuing to promote the benefits of free trade more globally.
(4 years ago)
Lords ChamberI thank the noble Lord for his question, and I also pay tribute to all the fantastic work that has been done in relation to the vaccinations. Indeed, obviously a lot of research and testing has been done to develop the vaccines. We will certainly learn from that as we roll out the vaccination programme, and from his very useful comments and observations about things we may consider. I am very happy to take that back to the department of health, which I am sure will be considering these things and talking to experts, such as himself, throughout the industry to make sure that we roll out this programme as effectively as possible.
Mindful that we live in one of the richest nations on earth, that we have one of the best healthcare systems, some of the most brilliant scientists and pharmaceutical companies, and that they have developed the best Covid vaccine to date, will my noble friend reaffirm the commitment made at the G20 summit last weekend to ensure fair and affordable access to the vaccine for the vast majority of the world, who are not nearly as fortunate as we are yet whose need is just as great?
I am very happy to provide that reassurance to my noble friend. We are absolutely committed to ensuring rapid and equitable access to safe and effective vaccines, therapeutics and diagnostics, and we have committed up to £829 million of ODA to this. We have announced up to £500 million to the COVAX advanced market commitment, supporting 92 low and lower-middle income countries to gain access to a vaccine.