British Exports

Debate between Chris Green and Andrea Jenkyns

Tuesday 20th November 2018 Commons Chamber

[Andrea Jenkyns]

As somebody who gets tipsy on one glass of wine, I will leave the whisky drinking to my right hon. Friend and my husband.

Britain’s entry into the European Economic Community in 1973, and the EEC’s evolution into the European Union, has meant that it has been impossible for the UK to enter independently into negotiations with Commonwealth states to establish free trade agreements. However, after Britain’s decision on 23 June 2016 to leave the EU, and as article 50 of the EU’s Lisbon treaty has been invoked, Britain may be able to negotiate its own trade deals.

[Chris Green (Bolton West) (Con)]

Does my hon. Friend agree that around the world the direction of travel for trade has been towards bringing down barriers? When we joined the EEC in 1973, the barriers were much more substantial. The European Union ought to seek an opportunity to maintain, post Brexit, the zero barriers that we currently have.

[Andrea Jenkyns]

I thank my hon. Friend, who is another committed Brexiteer and visionary for our country.

In the Commonwealth, English is usually spoken as the first or second language. Our common law system has been inherited by many Commonwealth countries, and foreign countries encourage their people to study law in Britain. Even accounting principles and practices are usually similar to our own in the UK. In 2016, the UK exported goods and services to the Commonwealth worth £48.5 billion, which is only 8.9% of all UK exports. As a country, we have neglected this vital resource for too long, and as a nation and Government we should be doing more to actively encourage exports to these exciting economies.

In recent years, there have been some good-news stories from the Commonwealth. In my region, the number of exporters of goods in Yorkshire and the Humber that send products to Nigeria went up by 8.2%. Exports to India increased by 4.3% and exports to Australia by 1.8%. By contrast, the number of exporters to France has barely moved, at 0.2%, and the number of exporters to Italy fell by 0.4%, despite the drop in the value of the pound. Since the Canadian free trade deal with the EU, our export to Canada have increased by 9.9% compared with last year. That illustrates the benefits that new free trade agreements can have for the great exporters in Yorkshire and the Humber. Like them, I want to see more people exporting around the globe, and the Government play a large part in that ambition.

I fully agree with the Government’s industrial strategy. We need to back business and invest in skills, industries and infrastructure to ensure that we are ready for the 21st century. We need a geographically balanced economy; to encourage the UK to be the world’s most innovative economy; and to see greater earning power for all. We need continued investment and a strong business environment, guaranteeing that the UK is the best place in the world to start and grow a business.

As the Minister will confirm, research shows that companies that export have increased growth potential, are far more productive, and offer better-paid jobs. Last year, some £620 billion of goods and services exported by British companies accounted for 30% of our GDP, and UK exports are at a record high.