Secretary of State for International Trade: Visits

Viscount Waverley Excerpts

Monday 30th April 2018 Lords Chamber

[Baroness Fairhead]

Exports grew overall by more than 10% last year so there has been growth. Regarding how long it will take a free trade agreement to come into effect, we will be able to negotiate future free trade agreements from March next year as part of the implementation period. We will be able to negotiate, sign and ratify without implementing. There are a whole range of free trade agreements that can take anything from a year to multiple years. There are also many other types of cooperation that we are looking at, as noble Lords will be aware, such as joint trade reviews, economic partnerships and mutual recognition agreements. There are a whole series of trade arrangements we can have with other countries and we are looking at those. Our drive will be what is in the best interest overall of the UK and UK business.

[Viscount Waverley (CB)]

My Lords, I understand the Minister’s department is rolling out a programme of trade commissioners. What is their role? Are they going to be masters of their strategy? When will this possibly take effect from, and will they be properly financed?

[Baroness Fairhead]

I thank the noble Viscount for his question. We have announced the creation of nine Her Majesty’s trade commissioners. It is a pretty important role. We are trying to coordinate all the opportunities we have from UK companies exporting to overseas markets. They are very high level trade commissioners. Five of them have already been appointed and generally, they have been recognised as people of extreme competence who will have a real impact. Their role is to make sure that other nations are very aware of the capabilities we have in our country. We are very clear that our export strategy needs to be linked to our industrial strategy, so that the world can benefit from what we can provide in the UK and is made aware of the skills and expertise in this nation.