G7

Baroness Neville-Rolfe Excerpts

Tuesday 3rd September 2019 Lords Chamber

[Baroness Neville-Rolfe (Con)]

My Lords, growing protectionism is a great worry across the world, so it was refreshing to hear that the Prime Minister brought his energy to this area. As my noble friend the Leader said, he made the case for free trade as an engine of prosperity and progress and talked of the need to simplify regulation. Can my noble friend tell us a little more about WTO reform? I am reminded that the real progress was made in the Bali package, which was pushed through by my noble friend Lord Green of Hurstpierpoint when he was the Trade Minister. I very much hope those sorts of reforms can be extended. It was good to hear that the WTO might be being looked at again and pushed forward.

[Baroness Evans of Bowes Park]

The G7 reiterated its commitment to open and fair trade and to an overhaul of the WTO. The priorities for that are to ensure the continued effectiveness of the dispute resolution and settlement mechanism, increase trust in the system by improving transparency and develop new rules on issues such as industrial subsidies and e-commerce. Modernising the WTO rules will also make them more relevant to current trade issues. We strongly support the informal process launched by the general council at the WTO to seek a resolution to the appellate body issues, and we have been urging all WTO members to engage constructively on these ongoing discussions.