Comprehensive and Progressive Agreement for Trans-Pacific Partnership Debate
Full Debate: Read Full DebateBaroness Winterton of Doncaster
Main Page: Baroness Winterton of Doncaster (Labour - Life peer)Department Debates - View all Baroness Winterton of Doncaster's debates with the Department for Business and Trade
(1 year, 1 month ago)
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My right hon. Friend is making a powerful and important point about the importance of pivoting to the Indo-Pacific, where there is so much global growth. We want to be part of that growth. I thank him for the incredible work he does as one of the Prime Minister’s trade envoys. As well as more trade, this deal will lead to further co-operation. When we trade with countries, we talk to them more, we have agreements and discussions on a whole range of issues, some of which go beyond the strict terms of a trade agreement. There are many opportunities to come out of this deal, and I am pleased that many Members on the Government Benches recognise them.
It feels unnecessary to repeat this, but this Government seem willing to sign up to any trade deals. My party is in favour of good ones, and we are against poor ones, and that is why we oppose this deal. [Interruption.] The concerns that we have, despite the heckling from those on the Government Benches, about the lack of mechanisms to safeguard workers’ rights and about the potential impacts on domestic standards, particularly in the agrifoods sectors, do not go away with blustery repetition and flat contradiction, which seems to be the stock-in-trade in all that Government Front Benchers have to say about this deal.
The Secretary of State gets aerated whenever it is pointed out that the Government’s own figures show that GDP is estimated to increase by only 0.08% over the next 10 years as a result of the deal, at the same time as the Office for Budget Responsibility forecasts a 4% hit to GDP through Brexit. Ministers have had an awful long time to find out what the figure actually is, if they do not believe that 0.08% figure. Without reference to vague opportunities, the number of middle-class consumers in the Pacific rim or the GDP of countries in the CPTPP, and without deviation, repetition or hesitation, what exactly will the impact be on UK GDP as a result of this deal?
I thank my hon. Friend for his work as a trade envoy as well as all the trade envoys for the important work they do. He makes an important point: signing the deal is one thing, but we need to ensure that it is used. The Secretary of State has said that again and again. We will be making sure that there is full benefit, using export support services and all the training, trade advisers and so on to promote the deal, as we have with the Australia and New Zealand deals, because it is important that we get the full benefit of the deal and maximise those benefits right across the country.
I call the Chair of the Business and Trade Committee.
UK car manufacturers are currently changing their supply chains to buy components from either the EU or the UK so that they can continue to export their cars into the EU. However, under CPTPP, those same companies ought to be buying parts from Vietnam to export their cars to Mexico. That is quite confusing. Will the Department publish guidance for business that highlights the regulatory conflicts between trade with the European Union under the trade and co-operation agreement and trade with members of the CPTPTPP? Sorry—you know what I meant. [Laughter.]