Brexit: Trade Agreements

Debate between Baroness Fairhead and Baroness Smith of Newnham

Wednesday 17th January 2018 Lords Chamber

[Baroness Fairhead]

The referendum decision was to leave the EU, and as we leave the EU, we will no longer be party to those agreements. We have to get that continuity so that we have security for our businesses.

[Baroness Smith of Newnham (LD)]

My Lords, can the noble Baroness tell us how many of the 40 free trade agreements she mentioned, with 70 countries, include either most favoured nation clauses or national treatment clauses—that is, non-discrimination clauses? What assessment have the Government made of that for the process of our negotiations, and do they think there will be an impact on our ability to have a Canada triple-plus agreement?

[Baroness Fairhead]

The most favoured nation clauses are in a number of those agreements, although I could not give the noble Baroness the exact number. Clearly that is one of the issues that needs to be resolved as we move forward, because most favoured nation provisions clearly need to apply where they exist. If the noble Baroness would like the number to be assessed, I will ask my officials to write.