Trade Negotiations
Debate between Douglas Alexander and Barry Gardiner(1 week ago)
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Mr Alexander
The hon. Gentleman has referred to our attempt to reset our trading relationship with Europe. The red lines that were set out in our manifesto are very clear, but within those red lines we are endeavouring to broaden and deepen an important trading relationship that represents about 46% of the UK’s trade. As for the hon. Gentleman’s broader observation that the agreement we have reached today is, as it were, a pretty bright-shining light in what is a somewhat dark sky for international trade, I agree with him. It is, hopefully, a sign of further deals to come and of a commitment to taking forward deals that are mutually beneficial, in this case for the Indians and also for the United Kingdom.
When it comes to the wider question of how the deal will be scrutinised, the hon. Gentleman is right to recognise that today’s telephone conversation with Prime Minister Modi was just the start of the process. A press release has been published, along with a list of the top benefits, but we hope to publish a paper today setting out in more detail what has been agreed—the conclusion summary paper—and there will then be a process moving towards signature and a legal scrub of the text. However, as the Prime Minister made clear a few days ago, we will follow the process set out in the Constitutional Reform and Governance Act 2010.
Barry Gardiner (Brent West) (Lab)
Last week I had the pleasure of meeting representatives of the Federation of Indian Chambers of Commerce and Industry when they came here with my old friend Piyush Goyal. I congratulate the Minister and his officials, as well as FICCI and the India Global Forum—under the leadership of Manoj Ladwa—and, indeed, everyone who has spent so many years laying the groundwork for this agreement.
The Minister recognised the doubling of India’s service and IT exports over the last decade and the benefits that we can gain from engagement and co-operation in respect of the service and knowledge economy, but I think it important for him to outline further what the benefits of the double contribution convention on national insurance will be, and how they will facilitate that engagement and co-operation for our workers in India.
Mr Alexander
I thank my hon. Friend for his generous words of congratulation. I know that the bilateral relationship between the United Kingdom and India has been a constant feature of his long service in the House, and a particular focus of his parliamentary work. He is right to recognise, in the context of both digital services and the services sector more widely, the huge potential mutual benefits for the United Kingdom and for India working together, and he is right to recognise the broad and deep relationship between our two countries—as I have said, 1.9 million people with Indian heritage live in the United Kingdom—but, as his question suggested, it is also right to recognise quite how dynamic the Indian economy is today. It has the highest growth rate in the G20, which is expected to remain above 6% over at least the next five years. Given that ours is a largely services-based economy, notwithstanding our excellence in advanced manufacturing, the opportunities for UK service exporters are huge and growing.
US Steel Import Tariffs
Debate between Douglas Alexander and Barry Gardiner(3 months ago)
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Mr Alexander
If the hon. Gentleman has an appetite for trade realism, let us get real: the Prime Minister for whom he worked failed to do a US-UK trade deal. Let us also get real about the fact that the central underpinnings of the party of which he is a member at the time of the Brexit referendum—that we were in a less protectionist world, that we would have a functioning World Trade Organisation system and, indeed, that we would have major trading blocs seeking to take barriers down rather than put barriers up—have all been misplaced. His leader, the now Leader of the Opposition, generously conceded a couple of weeks ago that there was no growth plan following the United Kingdom’s exit from the EU. It is for this Government to clean up the mess that his Government left.
Barry Gardiner (Brent West) (Lab)
Under WTO rules, any country can impose tariffs when it believes there is unfair subsidy of the exports presented by the other country, but so far I have not heard America put forward any argument that there is unfair subsidy of our steel industry. What discussions is the Minister having with the WTO about this?
Mr Alexander
I can assure my hon. Friend that we are in regular dialogue with the WTO. I was in touch only this morning with Simon Manley, our exemplary British ambassador in Geneva. We were also very clear at an early stage—since July—that we were backing Ngozi Okonjo-Iweala as the next director general of the WTO. I had the great privilege of working with Ngozi when I was the UK governor of the World Bank during a previous era of Labour Government. The UK is committed to standing behind her exemplary leadership of the WTO at an admittedly very challenging time for global trade.