UK–Commonwealth Trading Relationship
Debate between Lord Bilimoria and Lord Faulkner of Worcester
Lord Bilimoria (CB) [V]
My Lords, the Commonwealth of 54 countries is a voluntary organisation of 2.4 billion people and GDP estimated at $3 trillion. The Commonwealth Heads of Government Meeting has said that it wants to increase trade between the Commonwealth countries to $2 trillion by 2030. This was at the CHOGM held in London in 2018. We, as the UK Government, are pursuing free trade agreements with Commonwealth partners. I thank the noble Lord, Lord Howell, who is a true and constant champion of the Commonwealth. It makes up a third of the world’s population, 60% of Commonwealth citizens are under the age of 30 and it has recently celebrated its 70th anniversary.
As president of the CBI, I had the privilege of chairing the B7, which fed into the G7. One of our speakers was the impressive Dr Ngozi Okonjo-Iweala, who was referred to by the noble Lord, Lord Howell, is the new head of the WTO and was head of Gavi, the Vaccine Alliance, before that—what serendipity. She highlighted that 17% of the world’s population is in Africa yet Africa has only 0.15% of the world’s vaccine-manufacturing capability. India, a country with a population equivalent to the whole African continent— 1.4 billion people—has the largest vaccine manufacturer in the world, the Serum Institute of India, owned by my friend Cyrus Poonawalla. Two-thirds of children vaccinated have been vaccinated by the Serum Institute of India, and it has just announced it is increasing its AstraZeneca/Oxford vaccine production from 100 million to 200 million doses a month.
Digital connectivity and enabling member nations to benefit from it was spoken about at CHOGM. At the B7, we thanked God for digitisation in this pandemic, yet the more digitisation we have the more vulnerable we are, so cybersecurity is something the Commonwealth has to work on.
A stark fact is this: trade with all 54 Commonwealth countries amounts to less than 10% of the UK’s trade. Five countries—Australia, Canada, India, Singapore and South Africa—accounted for almost three-quarters of this, yet the EU is 45% of our trade and the United States is 15%. We have heard about Liz Truss and her Department for International Trade and the fantastic job they have done rolling over 67 trade agreements with the EU. We are now making them bespoke. Canada is an example of one we have started to enhance.
George Brandis, the Australian high commissioner, recently spoke of the brand new Australian deal, which took just 365 days. That will be a stepping-stone for us, as Australia will be an ambassador for us entering the CPTPP, worth £110 billion to us. On top of that, we have New Zealand coming on and have announced an enhanced trade partnership with India, working towards a free trade agreement and an ambition to double our trade of £24 billion by 2030. The potential is enormous and we must make much more of the potential of the Commonwealth.
The Deputy Speaker (Lord Faulkner of Worcester) (Lab)
The noble Lord, Lord Sheikh, has withdrawn, so I call the noble Lord, Lord Anderson of Swansea.
Covid-19: Response
Debate between Lord Bilimoria and Lord Faulkner of Worcester(4 years, 5 months ago)
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The Deputy Speaker
I do not think that the noble Lord, Lord Hunt of Kings Heath, is with us this evening, so I call the noble Lord, Lord Bilimoria.
Lord Bilimoria (CB)
My Lords, the Minister said that isolation is essential for those who have symptoms. It was only yesterday that the Government finally included the loss of the senses of smell and taste as a symptom. I fell ill with coronavirus on 15 March and lost my senses of taste and smell. At the time, it was not an official symptom. I could not even get tested then—indeed, not even doctors and nurses could—yet the WHO has been saying since the middle of March that we should “Test, test, test”. Eventually we have come around to doing it now and we are ramping it up. As the noble Baroness, Lady Thornton, pointed out, the WHO said eight weeks ago that the loss of taste and smell should be considered a symptom. How many hundreds of thousands of people have now been infected and have infected others because this was not an official symptom? The WHO has also said that social distancing should be one metre, but we say two metres. Why are we not listening to the WHO, or only eventually listening to it? Why are there these inconsistencies?