Baroness Scott of Bybrook
Main Page: Baroness Scott of Bybrook (Conservative - Life peer)UK–Commonwealth Trading Relationship
Baroness Scott of Bybrook Excerpts
Baroness Chapman of Darlington (Lab)
My Lords, it is a pleasure to take part in this debate. I am grateful to the noble Lord for his welcoming me to the Front Bench; it is most gracious of him and is appreciated. His passion for the Commonwealth can be felt on this side of the Chamber and is to be respected and applauded.
This debate is an excellent opportunity to consider the complex challenges and multiple opportunities that we now face as a country in forming our own independent trading policy in the post-Brexit era. We have the chance to apply our own priorities and strike our own trade deals with our Commonwealth cousins. We therefore have a responsibility to make sure that those priorities reflect our values. Closer trade allows us to strengthen our modern relationships with those nations to which we are tied by history, common traditions and the shared sacrifice of two world wars.
Of course, when we contemplate preferential trade deals with our Commonwealth cousins, the exact same questions arise that we must answer for every other potential trade partner around the world. Labour will never agree a trade deal that is not in the interests of British industries’ workers or our NHS, but we have to ask ourselves some important questions. For instance, are we willing to give trade deals to countries that attack the human rights of their people, allow the exploitation of their workers and deny their citizens essential democratic and personal freedoms? Are we willing to give trade deals to countries whose export trade actively relies on deforestation and other practices that make it harder for us to achieve our own global climate goals? Are we willing to give trade deals to countries that allow farming practices that are illegal in the UK and whose agricultural corporations will therefore be able to undercut our domestic producers? The Government have yet to make clear where they stand in response to all these important questions.
I would like to use this opportunity to address the most urgent issue facing our Commonwealth of nations, one in which the rules and systems of trade play a vital part: the global production and distribution of Covid vaccine. As of 30 June, eight of the 54 Commonwealth countries had vaccinated more than half of their population with at least one dose, but at the other end of that list, 26 Commonwealth countries have vaccination rates below 7%. Of those 26 countries, 15 have full trade agreements in place with the UK, so it is not tariff barriers that are stopping those countries vaccinating their people—it is a lack of healthcare systems, money and, most fundamental of all, vaccines.
As noble Lords will know, the Labour Party has set out a comprehensive plan to address the global shortage in vaccine supplies, which must start with an agreement on the sharing of vaccine patents. But we also need a global plan to build, equip and supply production facilities in key locations all over the world, and a bespoke international trade treaty to manage the supply of raw materials and medical equipment to ensure the safe, efficient and equitable distribution of vaccine and to prevent the practice of hoarding and vaccine nationalism. We need that as a matter of urgency, before more mass outbreaks occur in the poorest countries and before new variants emerge to threaten the effectiveness of the vaccine we have.
Baroness Scott of Bybrook (Con)
I remind the noble Baroness that the speaking limit is three minutes.
Baroness Chapman of Darlington (Lab)
I will soon conclude.
We all share the objectives of deeper trade with the Commonwealth, but none of those objectives can be achieved while the majority of our fellow Commonwealth countries remain in the grip of this pandemic and while half of them have barely begun their vaccine programme.
Viscount Trenchard (Con)
My Lords, it is a great pleasure to speak in this timely debate. I congratulate my noble friend Lord Howell, both on securing the debate today and on his inspirational and interesting speech. He has long been the strongest advocate of the Commonwealth and the huge potential benefits it can offer all its members. Our 47-year dalliance with the EU has meant we have not pursued the valuable opportunities open to this unique association of 54 member states to make a great contribution to free trade, security and stability across the world.
It is good news that we have reached agreement in principle on a free trade deal with Australia. The lord mayor’s virtual visit to New Zealand in May showed great enthusiasm in that country for the progress being made towards a free trade agreement, with ambitious digital provisions.
India is another major Commonwealth country with which we are now moving to make up for lost time. The lord mayor’s virtual visit there in November 2020 provided a further boost to London’s fintech industry, which is now worth £6.6 billion to the UK economy and accounts for 76,000 jobs. UK-India collaboration is an important factor at the heart of the growth and continued success of the sector. Stephen Booth, head of the Britain in the World project at Policy Exchange, has also written about the positive results from the Prime Minister’s recent summit with Narendra Modi. Mr Modi coined the term “living bridge” to describe the deep connections between the two countries, in part deriving from the 1.6 million UK nationals of Indian descent.
The most exciting development in our new independent trade strategy is our application for accession to the CPTPP. It is notable that among the 11 member countries of partnership are six Commonwealth countries. Our application to the CPTPP provides hard evidence that we are serious about our tilt to the Indo-Pacific, as an important part of global Britain. I hope that other Commonwealth countries which share our commitment to free trade and the prosperity it generates may follow our example in joining the organisation. They may also consider that, against the background of the rise of China, membership offers geostrategic and security advantages.
The noble Lord, Lord Triesman, suggested that geographic distance acts as a barrier to trade in goods. I remind him that Ottawa is 16,000 kilometres from Canberra; both are members of the CPTPP. As my noble friend Lord Lansley said, our new trade agreements have strong digital provisions and global Britain is as much about services as goods, leveraging London’s position as clear global leader, in spite of a failed attempt to sabotage international equities markets. Does the Minister agree that the sooner the UK completes—
Viscount Trenchard (Con)
Yes, I will just finish.
—completes our accession negotiations, the better, both because Japan is providing strong support during its presidency, which lasts until the end of the year, and because the UK’s role in developing the modus operandi of the organisation will be maximised by our early involvement?
Ironically, particularly prior to the possible future return to the organisation of the US—
Baroness Scott of Bybrook (Con)
I am sorry, but I ask the noble Viscount to finish now, please.
Viscount Trenchard (Con)
Can the Minister tell the House when he expects the accession negotiations to be completed?
Lord Marland (Con) [V]
It also has education, sport, friendship and the 16% Commonwealth advantage. Believe me, the Commonwealth brand is still strong.