(6 years, 4 months ago)
Lords ChamberNo, this is not cherry picking. All trade agreements are bespoke. This proposal puts our rights and responsibilities in a new balance that fulfils our joint ambition to establish a deep and special partnership. The reason that we believe in free trade is that it is unambiguously positive for both sides. The EU has a surplus of goods trading with the United Kingdom, so it has an extra incentive to agree a partnership on that basis. We want to discuss these proposals with it and hope it will be able to accept them but, as with all these things, we have already made considerable compromises in the negotiations, as has the EU. Those of us who have been MEPs in the past know that all EU negotiations result in considerable compromise from both sides. It is difficult to see how we can compromise much further in the proposals but, nevertheless, we will engage in the discussions in good faith.
Some of our greatest earnings are from carriage by sea, and a great many of our goods go through Europe but are destined for countries outside it. Will those goods be exempt from the new regulations or will they be required to accept them, if it is no longer in their interest to pass through European ports?
All exports need to be WTO-compliant. A lot of the rules for maritime and sea transport are set at an international level, and exports will need to continue to comply with those regulations.