Trade Policy
Debate between Catherine McKinnell and Liam Fox(6 years, 4 months ago)
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Dr Fox
The arrangements that I have set out today must stand alone and have to apply whatever final agreement we come to with the European Union. They are about the scrutiny of our future trade agreements. There are no pre-conditions attached to how we have devised the mechanism itself.
Catherine McKinnell (Newcastle upon Tyne North) (Lab)
Appreciating that the scope of this question is about our future trade agreements, a business from my constituency said to me:
“We already work with and export to places like the US, Australia and South Africa, and I fail to see how leaving the single market and the customs union would enhance our ability to do any more of this.”
Will the Secretary of State therefore please clarify how that business can contribute to the consultation to ensure that it can actually make something of this new free trade world?
Dr Fox
The whole point of free trade agreements is to gain market access where we do not have it today for the benefit of our businesses that want to export. I hope that businesses will outline their level of ambition as each trade agreement is set out so that the Government understand just what they think they could do if markets were more open than they are today.
Draft EU-Canada Trade Agreement Order
Debate between Catherine McKinnell and Liam Fox(6 years, 5 months ago)
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Dr Fox
That is a good point. The debate tends to revolve around tariffs rather than non-tariff barriers, which are often the biggest impediments to trade. However, as has been pointed out by Members on both sides of the House, since 2010 an increasing number of non-tariff barriers have been applied by the G20 countries. It is not acceptable for the richest countries in the world to say, “We have done very well out of free trade,” and then to pull up the drawbridge behind them. If we ourselves have benefited from free trade, it is our moral duty to ensure that generations after us, both at home and internationally, benefit from it as well.
Catherine McKinnell (Newcastle upon Tyne North) (Lab)
The Secretary of State is making a compelling case for supporting the trade deal, and there is a great deal of cross-party support for it, but will he confirm for the record how long it took to agree the deal with Canada, and how long it will take him to ensure that we have the same deal, or something better, once we have left the EU?
Dr Fox
As I have already said, and as we have already agreed with Canada, the existing agreement will form the basis for the bilateral agreement that we will have with Canada when we leave the European Union. If we enact the Trade Bill—which Labour voted against last time—we will have no friction as we leave the EU, because this agreement will continue. However, that does not close down the possibility of our being able to improve on it in the future.
Oral Answers to Questions
Debate between Catherine McKinnell and Liam Fox(7 years, 11 months ago)
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Dr Fox
Yet again, I am able to thank an hon. Friend for working as a trade envoy—this time to Indonesia. My hon. Friend’s specific point applies more generally: the United Kingdom can provide great service sector skills to many countries, which not only helps them to mature their economies, but provides them with the ability to grow their markets, offering an export opportunity for the United Kingdom.
Catherine McKinnell (Newcastle upon Tyne North) (Lab)
Newcastle international airport plays a vital role in the north-east’s economy, by facilitating over £300 million-worth of exports every year. Like other English regional airports, however, it faces unfair competition on tax as air passenger duty is devolved to Scotland. The Government have failed to commit to mitigate that. What discussions will the Department have with the Treasury to ensure that airports such as Newcastle can continue to play a vital role in international trade?
Oral Answers to Questions
Debate between Catherine McKinnell and Liam Fox(13 years, 11 months ago)
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Dr Fox
That is necessarily dependent on the security position in Afghanistan, especially as regards the quality—discussed in an earlier question—of the Afghan security forces, but I think it would be reasonable to expect the UK to be in Afghanistan in a training and support role for some time after 2015 to ensure that the legacy we hand over to the Afghan Government is maintained because, in the longer term, that regional stability is important for our safety here in the UK.
Catherine McKinnell (Newcastle upon Tyne North) (Lab)
6. What estimate he has made of the likely effect on the economy of his decision to build two aircraft carriers.