Iran Nuclear Deal

Lord Bellingham Excerpts

Wednesday 8th May 2019 Commons Chamber

[Mark Field]

I very much hope that Secretary of State Pompeo will be able to visit Germany at the earliest opportunity, or indeed to engage in high-level meetings with his German counterpart, whether at the United Nations in New York or elsewhere. In fairness, I think that he rearranged his programme very late in the day. It was considered important for him to be in Iraq to gain an understanding of what was happening on the ground in Iran, so his programme was reorganised at fairly short notice, but we will ensure that those heartfelt concerns are passed on.

[Sir Henry Bellingham (North West Norfolk) (Con)]

I certainly agree with the Minister that this development is extremely unwelcome, and that there is now a need for calm and for judgment. He mentioned legitimate trade. He will be aware that a significant number of jobs, both here and in Iran, have been created through various trade deals, which is obviously in the interests of both countries. Will he say a bit more about what he is doing to support the role of the INSTEX special purpose vehicle that will be set up under sanctions relief to encourage more legitimate trade?

[Mark Field]

Let me first thank my hon. Friend for all the hugely important work that he does. He is our trade envoy to Libya, which is obviously a difficult role, but in the past he was our Minister for Africa in the Foreign Office, and I know that his contribution there is remembered very fondly.

My hon. Friend has made a good point about the special purpose vehicle, which is important because it will ensure that we see genuine and lasting sanctions relief. The SPV is designed to facilitate legitimate trade under both European and international law. Its immediate focus will understandably be on the facilitation of trade where the immediate needs of the Iranian people are greatest—the humanitarian needs for foodstuffs, agricultural products, pharmaceuticals and trade in consumer goods. That will obviously have an impact on UK companies wishing to trade with Iran, as well as benefiting the Iranian people. The UK, France and Germany are the initial owners and shareholders of the SPV, but we are working with other interested EU member countries that may also wish to play a formal role in these initiatives.