Worldwide Free Trade

Debate between Lord Flight and Baroness Fairhead

Monday 16th April 2018 Lords Chamber

[Baroness Fairhead]

If we look at the exports total for the UK last year, it increased by over 11%. We therefore have seen export growth. We believe that the EU has to remain an ongoing and really important trading partner. We are working with trade and investment working groups across a number of countries—14 working groups involving 21 countries—in which we are exploring where we can improve trade further. As I said earlier, the CHOGM this week is particularly important because, in many ways, the Commonwealth is an area where we have underinvested in trading relationships. This is a great opportunity for all members of the Commonwealth to change that.

[Lord Flight (Con)]

My Lords, can the Minister confirm that the figure of 44% of our exports going to the EU includes trans-shipments, mostly via Holland, and that if those are excluded, which they should be, the figure is more like 39%?

[Baroness Fairhead]

I can confirm that. Having come into the department, I have to say that some of our information at the granular level has to be improved, particularly for the exports of services. But my noble friend is correct; I do not know the exact number, but it is probably something of that order.