Free Trade Agreement Negotiations: Australia

Duncan Baker Excerpts

Thursday 17th June 2021 Commons Chamber

[Elizabeth Truss]

I am pleased to say that this deal is the first that Australia has signed that has specific references to our achieving our climate change objectives. We are working very closely with the Australian Government and other allies to reach net zero.

[Duncan Baker (North Norfolk) (Con) [V]]

I warmly congratulate my right hon. Friend on this deal. She has now signed nearly 68 trade deals. Given the shadow Secretary of State’s comments, I would love to know how she thinks that that is not up to the job. While the doubters are still stuck in the past, can my right hon. Friend reconfirm not only that this free trade agreement paves the way to CPTPP membership for the UK, but that membership of the CPTPP would provide untold opportunities for our businesses by opening up access to 11 Pacific markets worth £9 trillion. As a believer in free markets, that is something that we cannot overlook.

[Elizabeth Truss]

We are expecting trade with those 11 countries to grow by 65% by 2030. The deal is a huge opportunity for the United Kingdom. The country has very high standards in areas such as digital and services where we are the second largest exporter in the world. What we have agreed with Australia also covers the market access negotiations for CPTPP, so this is very important stepping stone for those broader opportunities that are in the trans-Pacific partnership .