Brexit: Trade Agreements

Debate between Baroness Fairhead and Lord Forsyth of Drumlean

Wednesday 17th January 2018 Lords Chamber

[Baroness Fairhead]

We have made it clear in the Trade Bill that, as I said, our focus is on continuity to make sure there is security and no cliff edge. We are actively working towards that. I have to respect confidentiality and do not want to pre-empt the outcome, but the process has been very positive. We have had discussions with more than 70 countries and have already moved to the technical stage with some countries. On future trade agreements, as the noble Lord will know, under the terms of the EU we are not allowed to negotiate new free trade agreements. We are, however, able to start discussions, so we have 14 working groups and high-level dialogues looking at a range of ways in which we can develop our trading relationships for when we are able to start negotiating and agreeing future agreements.

[Lord Forsyth of Drumlean (Con)]

My Lords, can my noble friend explain to the House why the EU has failed to reach trade agreements with our major markets, such as India, China, the United States and Australia?