(1 year, 10 months ago)
Lords ChamberMy Lords, I greatly welcome my noble friend the Minister to his place—or the return to his place, as it has appropriately been said. He will bring great vigour and energy to this job as he done in his business life beforehand. The thing that has impressed me most about him is that he is always open to suggestions and ideas, and I hope he will take my suggestion and idea on board when I have finished.
I declare my interest, which has of course been declared by my noble friend Lord Howell. He is my PR assistant, as he always says nice things about me. I am incredibly grateful to him for that because he has been the godfather of the Commonwealth, as my noble friend Lord Swire said—and what an excellent maiden speech we had from him earlier. My noble friend Lord Swire was particularly kind about me, which made it even more excellent. I think he will find his job as deputy chairman of the Commonwealth council is assured for quite a long time for that reason alone. Naturally, we want to hear more from him for that reason.
I should congratulate the Government on doing this trade deal, which is a first. All these things are difficult because it is a new process. It is very good that something has happened and that we are having traction. Of course, any deal will have criticism, as we have heard from a number of people today. There will always be noises off but the idea, as some noble Lords have proposed, that you should bring the suggestion of how a deal should be negotiated to Parliament so that we, as parliamentarians, can ensure that it is negotiated properly is, frankly, not practical or reasonable.
However, I am taken by what the noble Lord, Lord Kerr, said—unfortunately, he is not in his place, which is what normally happens when I make speeches—supported by the noble Lord, Lord Liddle. We must understand the process which the Government are going through when negotiating these trade deals. If they do not have a process, then how on earth can they have a direction of travel? I would love to hear what my noble friend the Minister will say about that.
These two deals are of course quick tricks, as they would say in the bridge world, in that they are with reliable and trustworthy nations with which we have had long associations, not least because we share the same sovereign. Their markets are open and free; we share the same rule of law; and they are the easiest people in the world with whom you could choose to do trade deals. Having been the Prime Minister’s trade envoy and set up the trade envoy network, I am delighted to think that our trade envoy to Australia is someone who is no doubt in the good books of the noble Lord, Lord Goodlad, because, to go back to his cricketing analogy, the noble Lord, Lord Botham, scored lots of runs. I am delighted that the noble Lord is doing such good work within the trade envoy network.
However, having travelled the world and travelling it now with my Commonwealth hat on, I know that trade deals are going to be very difficult to do, particularly with the bigger markets such as America. We have known for years that the US FDA is the biggest protectionists of American interests; I am sure that India will share the same views. These will be very difficult trade deals to do, and it is therefore important that the Government understand the process, because if they do not, they will get a very good kicking when they come to this place, not least in the other Chamber.
The noble Lord, Lord Kerr, is now back so he could have heard the kind things I said about him, but the noble Lord, Lord Frost—another man who is not in his place—also said that there is a lack of trade policy, and we need that. It will be fundamental when dealing with those two markets.
As has been mentioned, the Commonwealth gives an incredible opportunity to the Government, not just to do trade deals but to show leadership within the world as to how they can be done with free-market nations, a number of which are of course Commonwealth countries. This is no substitute for the trade deal that we do with the European Union; it is an adjunct. The Government should therefore consider embarking upon a trade deal with the Commonwealth. It will not embrace every country, because not every country embraces free trade, rule of law, transparency and a lack of corruption, et cetera, as we supposedly do, and as Australia and New Zealand clearly do.
If we were to start a Christmas tree, for want of a better phrase, we could start a free trade deal with those countries which embrace that—we can already mention Australia, New Zealand, Canada, Singapore, Rwanda, Botswana and Ghana; they are all free trading, open countries. We could then build upon it as other countries embrace those fundamental points, which in many ways underpin the Commonwealth but are not necessarily practiced: the rule of law, a common language, transparency and openness to business.
What better opportunity have the Government got than with the current, and new, Chair-in-Office of the Commonwealth, His Majesty the King? He has worked tirelessly for the Commonwealth and will do in the future, because it is in the DNA of the Royal Family to ensure that it is an effective organisation. It goes without saying that our organisation stands ready to help the Government in this way if they choose to grasp this fantastic opportunity. We would be only too delighted to work with them for the betterment of this country, the Commonwealth and 40% of the world’s population as a whole.