G7

Chris Bryant Excerpts

Monday 11th June 2018 Commons Chamber

[The Prime Minister]

I absolutely agree that it is important that this is not just words or words on paper, but money that actually follows through. Of course, the United Kingdom has a very good record on that and we will be doing everything we can to ensure that this money does follow through. It is for a very important objective that is in the interests of us all.

[Chris Bryant (Rhondda) (Lab)]

Does the Prime Minister worry that there is a growing trend towards protectionism in the world, as we saw this weekend? In 2010, there were just 300 non-tariff protectionist measures in G20 countries but, in 2015, there were 1,200. How are we really going to make sure that we, as a country that relies on free and fair trade, can prosper if that protectionism grows?

[The Prime Minister]

The hon. Gentleman is right that we need to be wary of any seeming approaches taken around the world that increase protectionism or that increase the likelihood of protectionism being adopted. When people talk about trade, there tends always to be a focus on tariffs, but of course free trade depends on a great deal more than tariffs. It depends on having similar systems that ensure that there is not unfair competition and that abilities to reduce tariffs are not simply replaced by the sort of barriers to trade that he talks about. As an independent member of the WTO, we will of course be able to play our part in trying to ensure that we row back any attempt at protectionism.