Brexit: Trade Agreements

Debate between Lord Dykes and Baroness Fairhead

Wednesday 17th January 2018 Lords Chamber

[Lord Dykes]

To ask Her Majesty’s Government with how many countries with existing trade agreements registered with the European Union they intend to open trade talks from April 2019; and how long they expect the process of concluding those new trade agreements to take.

[The Minister of State, Department for International Trade (Baroness Fairhead) (Con)]

Through membership of the EU, the UK is currently party to around 40 trade agreements with more than 70 countries. Our priority is to secure the continuity of these existing trade arrangements as we leave the EU in order to provide certainty for businesses, consumers and investors. That is the basis of our current discussions. After leaving the EU, we will consider how we might best further develop our existing trading relationships, including with developing countries.

[Lord Dykes (CB)]

I think that Answer is both rash and brave, so I thank the Minister for it. Will she bear in mind that the total absurdity—I use those words deliberately—of the programme that is planned by the Government means that, really, the programme should start on 1 April 2019—in the morning, of course?

[Baroness Fairhead]

We have made it clear in the Trade Bill that, as I said, our focus is on continuity to make sure there is security and no cliff edge. We are actively working towards that. I have to respect confidentiality and do not want to pre-empt the outcome, but the process has been very positive. We have had discussions with more than 70 countries and have already moved to the technical stage with some countries. On future trade agreements, as the noble Lord will know, under the terms of the EU we are not allowed to negotiate new free trade agreements. We are, however, able to start discussions, so we have 14 working groups and high-level dialogues looking at a range of ways in which we can develop our trading relationships for when we are able to start negotiating and agreeing future agreements.