Japan Free Trade Agreement

Alison McGovern Excerpts

Monday 14th September 2020 Commons Chamber

[Elizabeth Truss]

I understand that the deal will go to both Parliaments at the same time—it will go to the Japanese Diet at the same time as it goes to the International Trade Committee in this House for its analysis. As I have said, under the CRaG process, which was introduced by the Labour Government in 2010, Parliament can block the deal if it does not like it, and that process is roughly equivalent to those in other Parliaments, including in Canada, Australia and New Zealand.

[Alison McGovern (Wirral South) (Lab)]

I note what the Secretary of State said about impact assessments, but what discussions has she had with the Office for Budget Responsibility about whether it will produce a forecast of the impact of the deal, specifically comparing it with WTO trading conditions and what would have happened if we had just rolled over the EU-Japan deal?

[Elizabeth Truss]

I am committed to making sure that we have independently audited analysis of the deal that we complete, but the hon. Lady has highlighted a hypothetical situation. We are now in a world where we have left the EU, even though some Opposition Members do not seem to want to acknowledge that. What we have to talk about is the benefits of signing the deal versus not signing it.