(5 days, 20 hours ago)
General CommitteesI thank my hon. Friend for his contribution, which was thoughtful, as always, and demonstrated our care for other countries around the world. We have talked about resistance to pests and changes owing to climate change, and this is generally a good and innovative technology that can be used to benefit many people. As I said, although the EU seems to be moving in this area, we are diverging and we do not have time to wait.
I will try to answer the right hon. Gentleman’s question and then he is welcome to intervene. A report by the Breakthrough Institute and Alliance for Science estimates that the EU’s current regulations on gene editing could result in an annual economic opportunity cost of $182 billion to $356 billion for the EU. That is why we want to act now to place English scientists and breeders at the forefront across Europe to make the most of opportunities presented by precision-breeding technologies.
The Minister has pretty much answered the question I was going to put to her, which was: what assessment has she made of the competitive advantage? I am trying to be helpful to the Government. I know that they say they want lots of growth, and this is an opportunity to get growth, is it not? But to get growth we need competitive advantage, not just with the States, but with the EU. So my question really is: how much does she think we will be advantaged by the legislation? She has given me a figure, which sounds like a lot of money. I encourage her to go further and, as Europe becomes more and more restrictive in the technologies that it appears to be fighting scared of, the UK must be able to be rational in how it positions itself. In this area, that means being encouraging to our science base, of course, as well as our ability to exploit the findings of that research here in the UK.
As I said, there is an opportunity of $182 billion to $356 billion that we can perhaps not exploit—that is maybe the wrong word—but utilise, or take advantage of.