Brexit: Trade
Debate between Baroness Mobarik and Lord Forsyth of Drumlean(8 years ago)
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Baroness Mobarik
My Lords, we are doing absolutely everything we can to achieve a smooth transition with no gap. The Australian Trade Minister has said that he would want to conclude a free trade agreement as quickly as possible after Brexit. This is the UK Government’s position, too. We are in the position of scoping discussions to move as quickly as possible.
Lord Forsyth of Drumlean (Con)
My Lords, will my noble friend confirm that there is no EU free trade agreement with Australia; that for years it has tried and failed to achieve one; that one does not need a trade agreement in order to trade; and that once we have left the European Union, we will be able to negotiate our trade without having to satisfy 27 other countries?
European Union and Canada: Comprehensive Economic and Trade Agreement
Debate between Baroness Mobarik and Lord Forsyth of Drumlean(8 years ago)
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Baroness Mobarik
I thank the noble Baroness for that. I think that there were several questions there and I shall attempt to answer at least one of them. The UK is unique and the deal that we negotiate will be bespoke. The relationships that Canada and the UK have with the EU are very different. We are an EU member state, whereas Canada is not. The UK is an important market for the European Union and therefore an ongoing trading relationship is in the EU’s interests.
Lord Forsyth of Drumlean (Con)
My Lords, is my noble friend not rather tired of these Moaning Minnies? Today we learned that the economy has grown by 0.5% and has not gone into recession. We also learned that Nissan is going to build its cars in the north-east. Should we not take a positive view looking forward, and is not the lesson of the disintegration of the Canada deal that it is extremely difficult to negotiate with and involve 28 countries and 28 interests? In the future, we will be able to decide for ourselves.