EU: Future Relationship White Paper

Chris Philp Excerpts

Thursday 12th July 2018 Commons Chamber

[Dominic Raab]

It is not right to say that the ECJ would have jurisdiction over trade disputes; that would be the role of the arbitration mechanism. International arbitration is a global mechanism used by countries around the world, and I do not see any reason why, within Europe or in relation to the EU, there would be an anomaly. The ECJ deals with the laws in place within the EU and member states in the same way as the UK Supreme Court deals with the laws of the land in this country. International arbitration is designed to be flexible; it allows arbitrators from all countries to make sure that we deal with international disputes and it is perfectly consistent with global trade practice.

[Chris Philp (Croydon South) (Con)]

Many of my constituents are concerned that we must be able to strike independent new free trade deals after leaving. Can the new Secretary of State, whom I welcome to his place—we will miss him at the Ministry of Housing, Communities and Local Government—confirm that we will be able to strike those new trade agreements, and is not the Swiss example a good one? The Swiss have these associations with the EU on product standards, yet have managed to do very good free trade agreements recently, including with India and China.

[Dominic Raab]

My hon. Friend is right, and he is well-versed in international trade practice. The key advantage in our approach is that we have the ability to remove the EU external tariff, to reduce tariffs as a World Trade Organisation member, and to sign bilateral free trade deals, which is crucial in terms of our leverage. For services, we will not be bound by the rules of the EU, and can take advantage of that not just in the wider services sector but in particular in financial services, and the digital sector, which is so important for the future jobs this country will rely on.