(5 years, 10 months ago)
Commons ChamberMy hon. Friend is correct. The UK and the US have a deep long-standing relationship with a strong and enduring bond. We have a shared heritage, legal system and language, and we co-operate extensively in security, prosperity and defence, and at many levels of our society, culture and economy, our co-operation is closer than that of any other two countries—something that my hon. Friend contributed to in his time as shadow Trade Minister.
Has the Secretary of State woken up to the fact that when we trade with America, and with other countries, we have to take manufacturing very seriously indeed? This also involves our universities. I have a good memory and I remember that, on his first outing, he refused to meet the all-party parliamentary group on manufacturing. He has still not met it. Why does he not take manufacturing seriously? It matters for our trade relationship with America, which is very close.
When it comes to the manufacturing element, we take it very seriously. Our goods exports have actually exceeded the growth in our service exports in recent times, which is testament to the way in which the manufacturing sector has been encouraged and grown under this Government, in stark contrast to what happened under the previous Labour Government, when it shrank substantially.
(5 years, 11 months ago)
Commons ChamberThere are huge advantages to our collaboration in or outside the European Union. To enable us to shine a light on the excellence that my hon. Friend mentions, on my recent trip to Israel I agreed with Prime Minister Netanyahu that we will jointly sponsor a Government high-level trade and investment conference that will enable us to show the world the best of what both countries have to offer in the sector mentioned by my hon. Friend.
I congratulate the Secretary of State on mentioning D-day. My father served in the Royal Engineers throughout the war, and my thoughts are of him and our brave troops today.
The Secretary of State is right to say that global trade can take place only in conditions of peace. Will he back the small group of MPs from across the House who are trying to create close relationships between university research in the UK and university research in Israel?
I thank the hon. Gentleman for his kind words. He is right—where we are able to take advantage of the innovation coming out of universities, we should make every attempt to do so. One reason that international investors give for putting money into the United Kingdom is the access to high-quality innovation that comes from the collaboration between industry and academia. Where we can take full advantage of that, including with bilateral relations elsewhere, we should do so.
(6 years, 1 month ago)
Commons ChamberThe countries my hon. Friend mentions are for new free trade agreements, whereas of course the agreement with Switzerland was a continuity agreement. In fact, it was an unusual agreement because, rather than being a single agreement to roll over, there were some 58 different ones. It was to the tremendous credit of the Swiss Government that they were able to carry out that work as expeditiously as they did and we owe them a great deal of gratitude.
Does not the Secretary of State realise that the Swiss deal is a tiny deal—nothing wrong with it, but it is tiny? Could we have a list of all the trade deals he has secured across the piece because, as I have been tracking them, they are very small indeed? May I also tell the Secretary of State that it was not his finest hour last night when he did not have the courage to take an intervention from the Father of the House?
Sometimes one wonders how small people can actually become in this House of Commons. The Swiss deal is not small, it is not insignificant; it is worth over £32 billion a year. Switzerland is Britain’s seventh biggest trading partner globally. The hon. Gentleman should know that.
(6 years, 10 months ago)
Commons ChamberThank you, Mr Speaker.
May I ask the Secretary of State if he is not being a little complacent about the role of China in our manufacturing and other sectors? Does he realise that, when we encourage companies to export, some of the companies, like Syngenta in my constituency, are wholly owned by ChemChina and wholly owned subsidiaries of the communist Government in China? There is a greater number of British companies owned by the Chinese. Does that alter the sort of conversation he has with them?
We believe in an open, liberal, global economy and, if we want to own companies overseas, countries overseas have to be able to own companies in this country. That is part of a liberal trading system, but that system requires a proper system of rules. That is why the World Trade Organisation needs to be strengthened and in some areas needs to be reformed, to ensure we have a global trading system that is fair and fit for all.
(6 years, 11 months ago)
Commons ChamberI do not think that those issues are remotely related. It has been clear from the presidential election campaign onwards that the President has concerns about the US steel industry and global overcapacity. We do not disagree with the analysis of the problem; we disagree with the remedy being applied.
Does the Secretary of State not worry that future generations will look back on him and the group of people who pulled us out of Europe as the real villains of the piece? Is it not a fact that the promise that we would give up the market of 600 million people in Europe but get a massive market in North America has proven to be false? Will he remember that this country deserves to be in Europe, fighting united for Europe?
It was not me, nor any other Member of the House, who decided to pull Britain out of the European Union; it was the people of Britain, in a democratic referendum. I will send the hon. Gentleman a dictionary, and he can tell me which of the words “binary”, “referendum” and “democracy” he does not understand.
(7 years, 1 month ago)
Commons ChamberMy Department is responsible for foreign and outward direct investment, establishing an independent trade policy on export promotion. Yesterday I chaired the 10th UK-Brazil Joint Economic and Trade Committee, where we signed memorandums of understanding on infrastructure, innovation and trade facilitation.
The Chinese Government recently turned the tap on exports of waste plastic to China. That has made a fantastic and very disturbing difference in the chemical market in Britain. If the Chinese Government did the same in higher education, what would be the impact? Has the Secretary of State done any analysis of that?
I had discussions in China only last week about exporting UK educational expertise. There is a huge appetite for that around the world, because there is an increasing acceptance that it is the gold standard. In fact, UK exports of education last year outstripped the City of London’s insurance business and continue to grow with Government support.
(7 years, 2 months ago)
Commons ChamberThat is the least disguised job application that I have heard in some time. There are 30 trade envoys covering 60 markets around the world. The programme is reviewed regularly in consultation with our overseas team and any new suggestions are put to the Prime Minister. I will let my hon. Friend know as soon as possible if any vacancies occur.
Before these trade envoys do anything else, will the Secretary of State bring them all together and allow them to have the same briefing from the CBI that many Members from all parties had this week? That CBI briefing on the impact of leaving the EU says that it will be a disaster for working men and women, industry and manufacturing up and down the country.
As I often point out to the hon. Gentleman, the working men and women of his constituency had a very different view about the reasons for leaving the European Union. I make sure that our trade envoys get a much wider range of briefings than simply one—a highly suspect one in that case.
(7 years, 4 months ago)
Commons ChamberI have made it clear on a number of occasions, including in this House, that when it comes to future free trade agreements, Australia and New Zealand would be two of our top three priorities. If we are able, by another means, to achieve the sort of liberalisation in trade that we would all like to see, then that would be fine.
Surely the Secretary of State would agree that no Trans-Pacific Partnership trade deal will make up for the loss of the European Union market. Has he seen this morning’s independent report, commissioned by the Mayor of London, that shows what a cataclysmic effect leaving the EU will have on our business and so many jobs?
As usual, I do not accept the premise of any part of the hon. Gentleman’s question. I do not believe that we will necessarily lose our share of the market. We want to maintain an open agreement with the European Union, and it will want to maintain an open agreement with us, because we are the fifth biggest economy in the world and a major trading partner for it. Of course, this morning’s report was anything but cataclysmic. In fact, its worst assessment was less than half the assessment that was given to us before the European referendum on what our loss of market share might be if there were no deal whatsoever.
(7 years, 5 months ago)
Commons ChamberYes, there will be. The trade White Paper, which is of course very separate from the Trade Bill, asked for views on what a future engagement and scrutiny framework should look like on trade. We are considering the responses and we will engage in the coming months. Given the changes we see, with Pascal Lamy describing a move away from the protection of producers to consumer precaution, we will have to take the views of consumers far more into account in future trade agreements than we have in the past.
When I was a little boy, my grandmother used to say, “Shame the devil and tell the truth.” When will this Secretary of State tell the truth? He has been, with his colleagues, going around the world begging for a trade deal and everyone is telling him, “We want to trade with the European Union, a much bigger trading group.”
(7 years, 7 months ago)
Commons ChamberI am very happy for the Minister to go around the world selling Britain, but will he come to see the real economy in, for instance, Huddersfield, where we have a strong manufacturing sector, or Leeds, where we have a financial sector? Not one person I meet in those sectors wants us to continue with this folly of Brexit. [Interruption.]
What about the voters?