(2 years, 8 months ago)
Commons ChamberI take this opportunity to wish Her Majesty the Queen a very happy birthday, and all the great people of England a very happy St George’s day at the weekend.
With the Chancellor’s having accepted a report from the Office for Budget Responsibility confirming an ongoing 15% hit to British exports to Europe, and given, as my hon. Friend the Member for Huddersfield (Mr Sheerman) alluded to, the continuing extra red tape, customs checks and costs that businesses here face thanks to the Prime Minister’s poor trade deal with Europe, when will the Secretary of State publish a plan to put right some of that damage, to help British business and to make Brexit work better?
I will set out just some of the areas the export strategy is bringing forward, to help the hon. Gentleman to see exactly the strategic work we are doing. There is the export support service, which I have mentioned, and financial support for exporters, working through the shared prosperity fund to include export support through local investment plans. UK Export Finance is there to help and will look at supporting SMEs, where historically it has only supported large contracts. Having run a successful regional pilot of the UK Export Academy, we are rolling that out across the UK, providing digital tools. That is proving very popular, as businesses can educate themselves before launching into new markets.
The Department’s own research shows that export-related jobs pay higher than average, so the hit to our European exports, which the Secretary of State seems so complacent about, will prolong the cost of living crisis. It also underlines that since 2010 British exports have significantly underperformed compared with the rest of the G7, notably the United States and Germany. Businesses tell us that other countries have more ambitious export support programmes, while the Prime Minister blames our exporters for a lack of “energy and ambition”. Where does the Secretary of State think the blame lies?
I have set out the export strategy, which is bringing forward these tools, which goes exactly to the hon. Gentleman’s point. We are the opposite of complacent; we are here to support, through a dozen different routes, businesses to grow the export markets they already have or to discover exporting for the first time. One in seven businesses that could export does not yet, and we are keen to help those businesses find those markets across the globe, not only across the EU. Free trade deals such as the comprehensive and progressive agreement for trans-Pacific partnership, which we are negotiating this year, will give us the opportunity to open up nearly $8 trillion-worth of new markets. We want to ensure that businesses can access those through all the tools we are providing for them.
(3 years ago)
Commons ChamberThe US is currently reviewing progress on all the free trade agreement negotiations under the previous Administration. We welcome the opportunity to feed into that review. We have always been clear that a good deal is better than a quick deal, and we are here when the US is ready to continue those discussions.
A deal with the US will benefit not just manufacturers like Boneham & Turner in my hon. Friend’s constituency but the other 30,000 small and medium-sized enterprises that also export goods to the US by removing tariffs, simplifying customs procedures and therefore making it easier to export. We already have £200 billion of bilateral trade with the US, and we continue to encourage those businesses that want to do more to come to the export support service, which the Under-Secretary of State for International Trade, my hon. Friend the Member for Finchley and Golders Green (Mike Freer), discussed earlier, to ensure they have all the tools they need to maximise their trade with the USA.
The emergence of the omicron variant surely underlines that, if we are to protect our citizens from covid, we need to help to accelerate vaccination programmes in developing countries. With Norway the latest country to agree that, in these exceptional circumstances, a temporary waiver on patent rules to help boost vaccine production is needed, why is the Secretary of State so intent on blocking any progress on such a deal?
We have been world leading throughout the pandemic in our negotiations with AstraZeneca on ensuring that vaccines are produced at cost. When I was Secretary of State for International Development, I made sure we invested in COVAX so that we led the way and brought other countries forward to ensure that as much vaccine as can be made gets to those who need it the most. Countries are continuing to work with the smallest and most vulnerable developing countries so they get the vaccines they need. We continue to have discussions on a waiver to the World Trade Organisation agreement on trade-related aspects of intellectual property rights, although those discussions were postponed this week due to the complexity of omicron and movement. We will pick up those discussions in the new year.