(2 years ago)
Commons ChamberThe hon. Lady raises a very important point about the use of trade sanctions. I agree that there are certain countries on which we need an effective trade sanctions policy. Discussions take place across Government, including with Foreign Office Ministers and at official level, and those will continue. I cannot give her the detail of those discussions, but I assure her that we are looking at the issue very closely.
This is a very important deal. Earlier this year, we launched negotiations between the United Kingdom and Israel on an upgraded, innovation-focused free trade agreement with services at its heart. The first round of negotiations with Israel were completed in September. An upgraded FTA with Israel will cement our relationship with that rapidly growing economy, and take our trading relationship to the next level.
(3 years, 6 months ago)
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I thank the hon. Lady for that question, and there is a cast-iron guarantee that our standards will not be compromised on. She is an SNP Member, so may I say to her that it would be high time for the SNP to start thinking about whether it will ever back any trade deals? It never backed any trade deals promoted by the European Union, let alone by the UK, and the SNP aspires to rejoin the EU. On Australian standards, she might want to have a word with RSPCA Australia. I have already pointed out that Australian animal health standards are rated five out of five. Australia has also banned some practices that are not banned in the EU, such as the castration of chickens or the production of foie gras. So if she sat down with the RSPCA Australia, it might give her a robust view of how good Australian animal welfare standards are.
May I commend my right hon. Friend on the trade deals that have been secured so far? Can he confirm that all these trade deals and the proposed one with Australia will add value to the UK economy without compromising existing trading arrangements with high-value, mature markets such as the EU, which are crucial to exporters in my constituency?
My hon. Friend is right on that and he is right to highlight that this is not an either/or; this is not either we have trade with the EU or we have trade with non-EU trading partners. It is absolutely our objective, going back to the manifesto he and I were both elected on, to have 80% of UK trade to be covered by free trade agreements within three years. That includes the EU, but it also includes new trading partners. CPTPP represents 13% of GDP—that would rise to 16% when the UK joined- and it crosses four continents, including old friends such as Australia, Canada, Japan, Singapore and New Zealand, as well as growing markets such as Vietnam and Mexico, where there are great opportunities for us to sell more UK agricultural produce and other things into.
(4 years, 2 months ago)
Commons ChamberAny product that is sold in the UK has to be subject to the rules of the UK. Those standards are set by Food Standards Scotland and the Food Standards Agency in England and Wales, and those rules will not be changed as part of any trade deal with anyone, whether the US, Australia, New Zealand or Japan.
My hon. Friend is right to highlight the importance of exporters to the country’s economic recovery from covid. My Department is working closely with business to develop a new export strategy, deliver bounce-back plans for key sectors, sign free trade agreements with countries covering 80% of our trade, strengthen our regional teams to level up exporting success and challenge market access barriers whenever and wherever in the world they are found.
The many exporters in Ruislip, Northwood and Pinner are grateful for the support from Government. Will my hon. Friend outline the measures that UK Export Finance is taking in particular to support export businesses with their recovery?
I am grateful to my hon. Friend for highlighting UK Export Finance. It had its 100th anniversary last year and it is repeatedly voted the best export finance agency in the world. It has a range of products and trade experts across the four UK nations and in key locations globally—we have increased that number—making it ideally positioned to support UK exporters and their overseas customers during the pandemic. UKEF, as well as having an established and successful roster of products, is addressing the emerging needs of UK exporters and has come forward with new products, most notably recently the export development guarantee, which provides general working capital and capex to support the operations of eligible exporters, following a successful pilot. I am delighted to say that UKEF has so far provided EDG support to both Jaguar Land Rover and Ford Britain worth £500 million each, and more is in the pipeline, not least for small and medium-sized enterprises.
(4 years, 5 months ago)
Commons ChamberFirst, we are doing a lot of work on our supply chains, looking at vulnerabilities and resilience and making sure we have more transparency in supply chains. That work is being led through the Department for International Trade and Project Defend. Through our climate change negotiations, as we head towards COP26, that is precisely the type of issue that the Business Secretary will be looking at.
First, I praise the long-standing work that my hon. Friend has done in local government leadership over many years. Local government and councils will play a key role. This week, I have spoken to civic leaders, including Andy Burnham in Manchester and candidate Shaun Bailey in London, and impressed on them the importance of trade and investment decisions in our biggest cities. Trade and investment is a whole-of-the-UK effort involving all four nations, and all regions and cities, including councils and local government. I praise my hon. Friend for his work.