Oral Answers to Questions

Debate between Lloyd Russell-Moyle and Greg Hands

Thursday 23rd November 2017 Commons Chamber

[The Minister for Trade Policy (Greg Hands)]

We are guided by a desire to seek continuity first of all in our trading relationships with developing countries as we leave the European Union, and that includes economic partnership agreements. Our EPA partner countries have already welcomed that commitment. The UK is of course fully committed to promoting and delivering the sustainable development goals and is the first and only G7 country to spend 0.7% of national income on overseas development assistance.

[Lloyd Russell-Moyle]

Given that countries such as Nigeria and Uganda have refused to sign the economic partnership agreements because they do not believe that they are beneficial and in their long-term interest, how does the Secretary of State intend to address those issues, and is he considering GSP—the generalised scheme of preferences—or GSP plus?

[Greg Hands]

We have already announced that we will be transitioning the full preference scheme of the European Union, including all the categories; that includes GSP and GSP plus. I am surprised if the hon. Gentleman is opposed to our transitioning the EPAs because, as you well know, Mr Speaker, UK imports worth around £290 million from the developing world were imported last year using the EPAs, and they would otherwise have had to pay a higher tariff to enter the UK.