Comprehensive Economic Partnership (EUC Report) Debate
Full Debate: Read Full DebateViscount Younger of Leckie
Main Page: Viscount Younger of Leckie (Conservative - Excepted Hereditary)Department Debates - View all Viscount Younger of Leckie's debates with the Department for Business, Energy and Industrial Strategy
(4 years ago)
Grand CommitteeMy Lords, I am delighted to speak in this debate, and congratulate all those involved. Fortunately, I am in the minority as someone who was not a member of the International Agreements Sub-Committee, so your Lordships will be spared my insights on that matter—but I have certainly enjoyed the comments from members of the committee, and will quite soon regard myself as an expert as well, I am sure.
I am delighted to have been present for the maiden speech of the noble Lord, Lord Darroch. I have always thought of him as a man of erudition, insight and wisdom. As someone who has served in Brussels, Washington and Japan as well as Whitehall, he evidently has a huge amount to offer us in our deliberations. My only disagreement is that I heard him say that he had always been treated with “matchless courtesy” and “forensic accuracy” when he appeared before committees. Any colleagues who have previously been in another place would not necessarily describe finding those things in a parliamentary Select Committee—but long may it last, and it may be a sign of things to come.
This trade agreement is a tremendous achievement that enables Britain to reassert our long-standing commitment to open, rules-based free trade as we leave the EU, stepping back on to the international stage as an independent, competitive trading nation with a global perspective.
I need to declare my interests: first, I am on an advisory council for a Japanese research-based pharmaceutical business and, secondly, I am a long-term director of the International Chamber of Commerce UK, an organisation which is unequivocally committed to free trade and has worked relentlessly over the years and in many ways to assist in this critical area of policy development, which is all too easily jeopardised in today’s world.
Japan is one of the largest, most open economies in the world, with 4% of world’s GDP. It remains our fourth-largest non-EU export partner and 12th including EU countries. Great credit should be given to the key International Trade Ministers who have invested massive energy, commitment and tenacity in this outcome. When visiting Japan recently, I was struck by how highly our Ministers are praised for their determination, energy and positivity, in particular the former Secretary of State for International Trade, the right honourable Liam Fox MP, and the present Secretary of State, the right honourable Liz Truss. A wonderful addition to the team has been my noble friend Lord Grimstone, a seasoned expert in many parts of the world and a wily, knowledgeable individual who greatly adds to our activities to secure effective, positive trade agreements.
Of course, this is only the beginning. I was influenced by the late Minister, Ernest Marples, who said, “You don’t need brains to be a Minister; the civil servants have them all”. I pay credit to the civil servants at the Department for International Trade, particularly Antonia Romeo, who from a standing start have developed a highly effective department. Thinking of the noble Lord, Lord Darroch, joining us, we are also much indebted to successive, highly-talented ambassadors, most recently Paul Madden—who my noble friend Lord Lansley referred to—Sir Tim Hitchens and Sir David Warren. When I was around, there was Sir John Whitehead, Sir John Boyd and Sir David Wright, all of whom were shrewd and wise in developing those commercial relationships and highly knowledgeable and effective.
Like others of my generation, I was influenced by the injunction of my Prime Minister at the time not overly to focus on the EU but to befriend and emulate Japan, a country where she found so many areas for common cause. Japan is the future. Over subsequent decades, as the noble Lord, Lord Kerr, said, we have seen investment, trading relationships and so forth develop. I led a delegation with Sir Richard Sykes, Prescribe UK, on the important pharmaceutical industry. We have heard about electronics, the motor industry and whisky—an ongoing saga even in my first visit in 1987 with, I believe, my noble friend Lord Howell. Anyone who heard yesterday’s debate in another place will have witnessed the degree to which Members of Parliament up and down the country, particularly those from the north-east and Wales, talked about their important trading relationships with and investments from Japan.
As with all agreements where trust is required to deliver sustainable results, soft power plays a central part. Our positive relations with Japan go much deeper than the commercial and economic. I have mentioned the tremendous work done by the British Council and VisitBritain over the decades. In 2019, the UK was ranked fifth for the most desired overseas travel destinations among people in Japan. Our cultures, though different in many ways, share a profound mutual fascination. When the V&A’s William Morris exhibition went on tour to Tokyo, more people visited it there than did in London. I remember Sir Geoffrey Cass, then chairman of the Royal Shakespeare Company, talking about the rapt, massive audiences who followed its performances there.
I hope that all my noble friends have purchased my noble friend Lord Howell’s delightful book, The Japan Affair, in which he details 35 years of the Japanese-British relationship based on his regular articles for the Japan Times. I for one strongly endorse his argument that we should recognise the strategic significance of this agreement and build it wider.
I am sorry to interrupt the noble Baroness. It would be wise if she could conclude her remarks.