EU Exit Negotiations Debate
Full Debate: Read Full DebateLord Gadhia
Main Page: Lord Gadhia (Non-affiliated - Life peer)Department Debates - View all Lord Gadhia's debates with the Department for Exiting the European Union
(6 years, 9 months ago)
Lords ChamberA number of proposals have been flying around and I am sure that the noble Lord would not expect me to comment on the basis of leaked documents, but we have been very clear about our objectives. Those objectives are shared by us, by the Irish Government and by the European Commission; we just need to find a practical and realistic way to bring that into effect.
My Lords, does my noble friend agree that CETA is not a “perfectly good starting point” for any trade agreement with the EU—to quote the words of the Secretary of State, David Davis? CETA has no chapter on services, which represent 80% of our GDP, and our trade with the EU is eight times larger than Canada’s. Surely we need to be much more ambitious in protecting the UK economy and jobs in any Brexit trade deal.
We have been very open that we do not want to copy any existing agreement. We want a bespoke, made-to-measure agreement that is suitable for both ourselves and the EU, because free trade benefits both sides. We think that an agreement is achievable. If both sides show commitment and willingness, we can work towards it and we should be able to achieve it.