Lord Grantchester
Main Page: Lord Grantchester (Labour - Excepted Hereditary)(1 day, 8 hours ago)
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Captain of the King’s Bodyguard of the Yeomen of the Guard and Deputy Chief Whip (Baroness Wheeler) (Lab)
My Lords, we will hear from the Labour Party.
Lord Grantchester (Lab)
My Lords, on the subject of peace through enhancing trade, what steps are the Government taking to enhance the superiority of Taiwan’s semiconductor industry through its accession to the CPTPP? Could the Minister inform the House of the plans that we have?
Lord Lemos (Lab)
As my noble friend alluded to, we are now very much part of the arrangements around the CPTPP, and there are a lot of discussions about that. On the wider question he raises about the trade in semiconductors, I will say two things that are very important. First, we have excellent relations with Taiwan; we have an annual dialogue on semiconductors and feel in a good place about that. Secondly, I recently answered a Question in your Lordships’ House about critical minerals, in which I noted that we have set up capability within government to monitor the areas we are particularly concerned about, including supply chain resilience. However, for the moment we are not concerned about Taiwan.