Regional Comprehensive Economic Partnership

Lord Purvis of Tweed Excerpts

Tuesday 15th December 2020 Lords Chamber

[The Lord Speaker (Lord Fowler)]

I call the noble Lord, Lord Haskel. Lord Haskel? No? We will move on.

[Lord Purvis of Tweed (LD)]

My Lords, before looking to very long-term ambitions for joining regional economic partnerships, is it not better for the Government to focus absolutely on the trade agreements that we already have and are struggling to roll over? The update from the Government yesterday says that, for the first time that we know of, we will, from 1 January, be trading on WTO terms with countries that we had a trade agreement with before—a real failure of this Government. One of the RCEP countries is Vietnam; when will we see the details for the rollover agreement for Vietnam so that we can debate it in this Parliament and judge whether the Government are performing as they should be?

[Lord Grimstone of Boscobel (Con)]

My Lords, we have now concluded 27 agreements with 59 countries. There is a very small number of countries that we will not have completed agreements with before the end of this year, but I am pleased to say that the agreement in principle with Vietnam was concluded last week, during the Trade Secretary’s visit, and full details will be made available to the House in the normal way in due course.