Oral Answers to Questions
Debate between Jim Shannon and Liam Fox(7 years, 8 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Dr Fox
UK exporters in particular will benefit from the customs reforms being introduced, and implementing the agreement will reduce delays at the borders of participating members and improve the trading environment for businesses engaging in international trade, making it easier and cheaper for UK businesses to export their goods across the globe.
Jim Shannon (Strangford) (DUP)
May I associate the Democratic Unionist party with the sentiments that have been expressed for the innocents who were murdered yesterday? Our thoughts and prayers are very much with those who were injured.
With the initial period of this agreement now under way, will the Minister determine how we can enhance and further build capacity in this area? Does he believe that lessons learned here can and will affect our approach to Brexit, trade and negotiations?
Dr Fox
As most European Union countries are already higher than the bar set by TFA, that will not have a huge effect on intra-European trade, but it will have a beneficial impact on European exporters, especially if they are exporting to markets such as sub-Saharan Africa, where the greatest benefit of the trade agreement is likely to be felt.