(4 years, 2 months ago)
Commons ChamberI am committed to having a positive relationship with the European Union. I speak to my counterpart, Valdis Dombrovskis, about issues concerning global trade. Of course, we want with every part of the world good trade deals that uphold our standards and facilitate increased trade in areas such as services, data and digital, but the important principle is that we cannot do that at the expense of the UK’s sovereignty. Those are the negotiations that are currently being conducted by Lord Frost.
What an excellent question. It is the reach, power and financial heft of this United Kingdom that has allowed us to be the only top 10 global exporter to increase exports last year and allowed us to attract more foreign direct investment than any other country in Europe. Shorn of the UK’s assets, businesses—and, more importantly, workers—in places like Scotland would be impoverished as a result. We seek to ensure that we use every part of the power of this United Kingdom to support jobs and investment in Scotland, Wales, Northern Ireland and the rest of the United Kingdom.
(4 years, 4 months ago)
Commons ChamberI am committed to making sure that we have independently audited analysis of the deal that we complete, but the hon. Lady has highlighted a hypothetical situation. We are now in a world where we have left the EU, even though some Opposition Members do not seem to want to acknowledge that. What we have to talk about is the benefits of signing the deal versus not signing it.
I warmly welcome my right hon. Friend’s statement and congratulate her on this agreement, which is really good news. Can she explain how small and medium-sized enterprises, which are the backbone of our British economy, will benefit from this excellent deal?
The deal with Japan has a dedicated SME chapter, which is all about reducing the red tape that SMEs face, making it easier for UK and Japanese SMEs to understand the others’ markets and providing information to make it easier for them to export and gain the benefits of international trade.