EU Trade Agreements: Replication Debate

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Department: Department for International Trade

EU Trade Agreements: Replication

Lord Hanson of Flint Excerpts
Wednesday 13th February 2019

(5 years, 9 months ago)

Commons Chamber
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Liam Fox Portrait Dr Fox
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All I can say is that I am not aware—nor, as far as I know, is the European Union—of a single country that has said it does not want to continue with the trading arrangements that it currently has with the United Kingdom and the European Union. Why would they?

Lord Hanson of Flint Portrait David Hanson (Delyn) (Lab)
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The Secretary of State, in response to my right hon. Friends the Members for Wolverhampton South East (Mr McFadden) and for East Ham (Stephen Timms), has indicated that the Japanese trade deal will not be replicated at the level it is at now, except that we can join the Trans-Pacific Partnership. How long does he expect us to spend negotiating in order to join the Trans-Pacific Partnership?

Liam Fox Portrait Dr Fox
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As I said, the Japanese Government have made it clear that in the event that we leave the European Union with the withdrawal agreement, there will be the roll-over. If we want to get continuity with that Japanese agreement, there is one way to do it, and that is to ensure that we back the Prime Minister’s deal. It is also true that the Japan EPA does not come in quickly. A lot of the tariff liberalisation, for example, comes in over a period of years—up to eight years in some cases, which is much longer than I would anticipate it would take for Britain to accede to the CPTPP.