Canada-UK Trade Deal

Lord Triesman Excerpts

Tuesday 17th November 2020 Lords Chamber

[Lord Grimstone of Boscobel (Con)]

The noble Lord is completely right. The focus of our present discussions with Canada has been on continuity of trade and I am very confident that an agreement will be continued. The next priority will be to use that as a launchpad from which we can then deepen and strengthen our very important relationship with Canada in the future.

[Lord Triesman (Lab) [V]]

My Lords, it is helpful that Prime Minister Trudeau is enthusiastic about starting and sharing a trade deal with us. However, it is deeply worrying that he doubts our capacity and expertise. It is hard to see why Liz Truss feels such grounds for optimism. Given the capacity issues, will the Minister set out the Government’s strategy in respect of the Regional Comprehensive Economic Partnership, concluded last weekend between China and 14 of its neighbours? This agreement covers 30% of global economic output. It makes no mention of the United Kingdom, despite the Government’s assertion that this region affords the greatest global opportunities for free trade deals and future growth.

[Lord Grimstone of Boscobel (Con)]

I encourage the noble Lord to distinguish between comments of substance and those that are made purely as a negotiating tactic. We have closely observed the recent agreement in Asia. Our priority is negotiating to join the Trans-Pacific Partnership next year, which is a much deeper and richer agreement.