(5 years, 4 months ago)
Commons ChamberIf trade is to work for all parts of the UK, all parts of the UK—including Kettering—must be heard before, during and after trade negotiations. The Government have announced the creation of a ministerial forum for international trade, but they have provided no information about its membership, how often it will meet, or what its exact terms of reference will be. Will the Secretary of State now give us some much-needed detail on how both the nations and the regions of the UK will be included in the entire trade negotiation process?
As I have said, the Board of Trade’s advisers—which is what they are technically called—are the Secretaries of State for Scotland, Wales and Northern Ireland. We have visited all the English regions, and I intend in future to be constantly moving around the regions and nations of the UK, to thank the businesses that have contributed to Britain’s record export performance, to consult those businesses and to create a network of business people who will act as champions and mentors for companies that want to export.
(5 years, 5 months ago)
Commons ChamberI see it going from strength to strength, and as greater investment goes into both economies we will be able to scale up the innovation and creativity that is clearly shown in the tech sector. That will be of benefit not only to our two countries, but to the wider global economy.
I wish to associate myself fully with the Secretary of State’s remarks and pay tribute to the sacrifices of the fallen.
What assessment has the Secretary of State made of Israel’s participation in the agreement on pan-Euro-Mediterranean cumulation on the trade in medical products between the UK and the EU? What progress have the Government made in replicating other agreements between the EU and Israel, including the 2013 EU-Israel agreement on conformity assessment and acceptance of industrial products?
As the hon. Lady is aware, we reached a continuity agreement with Israel on 19 February, which will come into effect as we leave the European Union. The conformity assessment element of that is very important because of the number of generic prescriptions that the NHS takes advantage of that are produced by Israeli pharmaceutical companies. We will want to see as much continuity in all those arrangements as possible.
(5 years, 7 months ago)
Commons ChamberI am not quite sure how that relates to the question on healthcare, but it is an important point that the WTO rules provide a baseline, and the way in which countries get preferential treatment beyond that baseline is very often through a free trade agreement. That is why we want to see free trade agreements beyond what we have today.
I welcome the assurances that the Secretary of State has given to the House here today, but can he confirm that the principal protections for public services related to the comprehensive economic and trade agreement are in fact to be found in the joint interpretative instrument, which does not have the same legal force as the treaty? Crucially, it cannot alter or override it. If we are to have confidence in the protections for our public services and the NHS in future trade agreements, these must be written into the text of the treaties. Does he agree?
However we get the assurances, that is what we need to do. In CETA, for example, they are contained in chapters 9 and 28, as well as annexe 2 and the additional national reservation in annexe 2. It is up to this House how we carry out public policy. For example, in the four years from 2006, Labour outsourced 0.5% of the NHS budget to the private sector each year, which of course fell to only half that level under the coalition Government. If Labour wants to increase to its previous levels of outsourcing, it should be able to do so under a policy protection given under the treaties.
(5 years, 8 months ago)
Commons ChamberWe will look to replicate the success we have already had in bilateral investment treaties. UK investors have successfully brought around 70 cases against other Governments. No private company has ever brought a successful case against the United Kingdom in respect of our bilateral investment treaties.
The British public are clear that they do not want our national health service to be bargained away as part of trade negotiations, and they do not want foreign companies to have the right to sue our Government for decisions taken in the interests of public health, yet that is exactly what could happen if we accept ISDS and the negative-list approaches in the future agreements that the Government are proposing. Will the Secretary of State now rule out agreeing to a single clause of a single trade deal that could threaten our NHS?
There are days when I genuinely have to thank God that the Labour party is the Opposition and not the Government of this country. We have £1.3 trillion of outward stock invested, including things like pension funds that British people will depend on for their prosperity. Were we to abandon the concept of investor-state dispute resolutions, what would happen to the protections for our investment overseas? The Labour party needs to start to think about the wider interests of this country.
(5 years, 9 months ago)
Commons ChamberWe all need to remember that the great success of free trade over the last generation has been the truly historic achievement of taking 1 billion people out of abject poverty. That has been the benefit of free trade, and in this era of protectionism we should realise that economic nationalism is a way of rolling back what has been an enormously beneficial human trend.
Two weeks ago, the Joint Committee on Human Rights heard how the Canadian Government had to make a substantial pay-out and issue a public apology to a chemicals company after they were sued for taking a public policy decision to ban a chemical additive to protect human health. The Committee was told that investor-state dispute settlement provisions in trade and investment agreements can
“impact very negatively on human rights.”
Does the Secretary of State recognise that danger? If so, will he rule out such ISDS clauses in future trade agreements? If not, what counter-evidence will he present to the Joint Committee on Human Rights?
I have made clear our concern about human rights, but the idea of banning such agreements is nonsensical. This country has £1.3 trillion of stock overseas. Our investors are important in providing development in a lot of these countries, yet they are not given sufficient legal protections, which they would normally get under systems such as the UK’s. That is why those provisions are put in—to protect our investors overseas.
(6 years ago)
Commons ChamberWe will be leaving the European Union. It is important to note that sometimes the creative industries sector is generally underappreciated for the contribution it makes to the earnings of this country, not only through exports—I mentioned the £40.2 billion of goods and services exports—but through the income it generates for the United Kingdom. It is an important sector, which is why we put it at the heart of not only our industrial policy, but our trade policy.
The Society of Authors has called on the Government to ensure that copyright is not used as a bargaining chip in trade negotiations. Any future deals must ensure that international copyright treaties are applied by the book; anything else would risk damaging this important and iconic sector. Will the Secretary of State still be here to reassure British authors, the reading public and other creative industries that our gold standard copyright regime will be protected post Brexit?