(6 years, 2 months ago)
Commons ChamberAs I have already said, the key to that is the UK-Israel tech hub. This relates not only to the area of computers, which my hon. Friend has mentioned, but to FinTech, cyber-security, biomed, retail technology and the creative industries. These are all prime areas for co-operation between the United Kingdom and Israel, and we should celebrate that relationship and the benefits that it brings to both our populations.
In the context of the agriculture sector, what representations have been made about trading with illegal Israeli settlements, which in the long run further jeopardises the two-state solution that the UK is supposed to aspire to?
Our trade relationship with Israel is clearly set out in the agreement that the European Union has with Israel, and that is the agreement that we will roll over as we leave the EU. We will want to have a further ambitious trading agreement. We believe that the extension of trade in Israel and in the wider region contributes to not only the prosperity but the political stability and security of the region.
(6 years, 10 months ago)
Commons ChamberWhere I would particularly agree with the hon. Gentleman is on the European Union applying high tariffs to value-added exports from developing countries. In other words, those countries are able to export basic commodities into the European Union with zero tariffs, but if they try to add value, they face considerable penalties. One of the areas that I would like the United Kingdom to explore as we leave the European Union is our ability to help those countries to export with added value, so that they can trade their way out of poverty rather than depend on aid. I believe that such a policy would carry widespread support across the United Kingdom.
As the Secretary of State says, the Bill is about existing trade. It will need a legislative consent motion from the Scottish Government, but the Scottish Government say that it is not fit for purpose in its current form. He is probably also aware that yesterday the Holyrood Finance and Constitution Committee, including three Tory MSPs, voted to withhold a legislative consent motion for the European Union (Withdrawal) Bill. What will he and other Ministers do to ensure that both Bills are fit for purpose, so that they can get an LCM from Holyrood?
(7 years, 8 months ago)
Commons ChamberYes, and we have actually invested a large amount of money in supporting the agreement itself and in ensuring that it can be introduced in as beneficial a way in as many countries and as quickly as possible, because, as my right hon. Friend correctly says, this agreement will have the greatest benefit to some of the poorest countries in the world, which is why the United Kingdom, under Governments of both parties, has been so supportive of it.
For well over a century the UK has not had security of food supply, but has instead always relied on imports. What will WTO tariffs of up to 40% do for the price of food for hard-working families already squeezed by the Tory Government’s policies?
The hon. Gentleman perhaps unintentionally raises this important point: where we have genuinely free trade it benefits consumers, and where we can have an open global trading environment, it is likely to make the incomes of those on low incomes in particular go further. We should welcome an open trading environment, which I hope the Scottish National party does.
(7 years, 9 months ago)
Commons ChamberAs I said in answer to an earlier question, that will be an important part of our discussions. We will want to discuss how we do that with the NFU and others, but we also need to take something into account that does not seem to be mentioned very often, which is the interests of UK consumers in any trade deal that we come to.
The Department for International Trade has three tasks: promoting UK exports to support a growing economy that serves the whole country; maximising opportunities for wealth creation, including through overseas direct investment to support the current account; and negotiating the best international trading framework for the UK outside the EU. In terms of investment, I can announce to the House this morning that McLaren will be opening a £50 million manufacturing plant in Sheffield that will create 200 new jobs.
Given how desperate the International Trade Secretary is to negotiate a trade deal with the US, what guarantees will he give that Scottish farmers will not be undercut by chlorinated chicken and substandard beef imports?
The quality of produce sold will be a major part of any negotiation, but as for undercutting the Scottish economy, I am regularly told by investors in the United States that one of the things hanging over them and depressing investment opportunities is the threat of separation.