Canada-UK Trade Deal Debate
Full Debate: Read Full DebateBaroness Noakes
Main Page: Baroness Noakes (Conservative - Life peer)Department Debates - View all Baroness Noakes's debates with the Department for Business, Energy and Industrial Strategy
(3 years, 9 months ago)
Lords ChamberMy Lords, I can explain exactly why. Agreement was almost reached with Canada in March 2019, but Canada did not like the temporary tariff reductions that we brought in and decided to walk away from the negotiating table, returning only in July this year.
My Lords, the UK is Canada’s fifth-largest trading partner, but Canada ranks only 18th in terms of importance for the UK. Will the Minister agree that, while rolling over the Canada free trade agreement is highly desirable for both countries’ interests, the Government were absolutely right to prioritise the excellent agreement with Japan, which is much more important to us in trade terms?
I thank the noble Baroness for her comments on the Japan agreement, but I am pleased to be able to assure her that the Department of Trade has the capacity and bandwidth to do a number of these agreements simultaneously.