(3 years, 6 months ago)
Commons ChamberI am very proud that the UK Government funded research into the Oxford-AstraZeneca vaccine, which is now producing 98% of the 49 million covid vaccines delivered right around the world. We have played a leading role in that. I am interested in practical measures that have real effect, such as voluntary licensing agreements. If there is any evidence that intellectual property waivers could help, I am all ears and interested to hear it, but we cannot have a regime that destroys intellectual property rights and ends up stopping future innovation.
With all due respect to the Secretary of State, boosting the overall global supply of vaccines is key to get global trade going, secure British jobs and help our allies in the Commonwealth and the developing world. In these exceptional times, why did Britain, as my hon. Friend the Member for Portsmouth South (Stephen Morgan) said, refuse to support at the World Trade Organisation yesterday—presumably on the Secretary of State’s instruction—allies of ours such as America, India and South Africa, and many other countries, and to back a temporary waiver of patents on covid vaccines?
As I have said, the UK is always willing to listen to pragmatic suggestions about how we make the regime work better. For example, we have supported the abolition of export restrictions—many other countries have not—so that we can see goods flow around the world. The fact is that the real changes are being made by voluntary licensing, as we have enabled at the Serum Institute in India. We are part of the third-way work to roll out practical answers. There is no IP waiver proposal on the table that would actually deliver more vaccines to the poorest people in the world, which is what we want to achieve.
(3 years, 8 months ago)
Commons ChamberThe trade and investment hub will provide support to business across Wales. There are already 2,000 people in Aberconwy working in export-intensive industries. The trade hub will provide support, including for Welsh lamb exports, which have resumed after more than 20 years to countries such as Japan.
The Government’s “Global Britain, local jobs” analysis does not take into account Brexit or covid, it ignores Welsh farming and Welsh steel production, and it appears to think that there are still 1,500 people employed in car production in Bridgend, which sadly there are not. Does the Secretary of State therefore think that this outdated, incomplete analysis is a reliable foundation on which to base her trade policy for Wales?
The analysis that we produced as part of “Global Britain, local jobs” is the first time that we have produced data at a constituency level for export industries, and it always takes time for statistics to be processed. The new Trade Bill has enabled us to get access to more up-to-date data that we will of course continue to update our strategy with. I was hoping that the hon. Gentleman would welcome the new trade hub that we are establishing in Cardiff, which will bring more investment to Wales—so let us hear from him.
I think what the Secretary of State meant to say was that there is room for improvement, and that is certainly true. The stark reality is that Wales is getting a raw deal from the Trade Department. According to her own figures, the Department delivered 638 new inward investment projects for London but just 62 for Wales—a lower number of new investment projects than in any region in England, and for three years in a row. How can she justify those figures?
We are establishing a trade and investment hub in Cardiff this year that will employ up to 100 people precisely to bring more investment into Wales, more jobs into Wales, and more export opportunities into Wales.
(3 years, 11 months ago)
Commons ChamberMy hon. Friend makes an excellent point. We are looking at supporting industry, including through the BEIS fund that will invest £10 million to help distilleries go green, and no doubt the Treasury is looking at other affected industries as well. If we had accepted the advice from Labour to put additional tariffs on US products such as sweet potatoes and nuts, we would likely be hit by more tariffs as Germany and France were, as announced on 30 December.
The Secretary of State has threatened to reimpose tariffs on the United States if the Airbus dispute is not settled, but that threat will only carry any impact if the US believes that we have the legal authority to carry it out. Will she agree to publish the UK’s legal advice or our exchange of letters with the World Trade Organisation to prove that she is not bluffing and that we genuinely have the authority to reimpose those tariffs if we need to do so?
I am very clear that we have the authority to impose those tariffs. We have acquired rights as a result of leaving the European Union. But I go back to the point I was making: the hon. Gentleman has advocated putting additional tariffs on products such as sweet potatoes and nuts, so presumably he thinks that we have those acquired rights.
(4 years, 1 month ago)
Commons ChamberWhat we are negotiating at the moment is the vital continuity agreement, but I do hope that, in the future, as Canada is a member of the trans-Pacific partnership that has advanced chapters in areas such as data and digital, we will be able to go much further and build a much deeper relationship.
With just days to go, and with not just this continuity agreement still to be completed, British exporters such as our car manufacturers simply do not know whether they will face tariffs potentially as high as 20% in markets as diverse as Mexico and Vietnam and beyond. Is it not the truth that the Secretary of State has focused too much of her time chasing new deals with the Trump Administration and others and taken her eye off protecting the free trade that we already have?
The Government have completed trade deals with 52 different countries covering £146 billion-worth of trade. That is a massive achievement. Unlike the Labour party, we are not prepared to agree to any deal put on the table; we will work hard to get a deal that is in Britain’s interests. There are deals ready to go with the countries the hon. Gentleman has mentioned, but I am not prepared to do a bad deal to push things forward. We are pushing all those deals forward, and we are making good progress.
(4 years, 9 months ago)
Commons ChamberMy right hon. Friend is right that this is a major issue for our excellent Scotch whisky producers and other companies such as Walkers shortbread and cashmere producers. I raised the issue again with Ambassador Lighthizer when I saw him last week. I want there to be an urgent settlement of the Airbus-Boeing dispute so that retaliatory tariffs on things such as bourbon, Harley-Davidsons and Florida orange juice as well as on our excellent products here in the UK can be removed. I am urging, as an early part of these trade negotiations, the removal of existing tariffs to show good will towards the negotiations.
Any increase in trade is clearly to be welcomed, but in private the Secretary of State will be honest, I am sure, about recognising that the benefits of the deal to the UK economy will be relatively small: just a 0.16% increase in GDP, and then only after 15 years. Why does she not do two other things? She could try to persuade her Cabinet colleagues to seek a deal with the European Union more ambitious than the Canada-light deal currently being advocated and, for goodness’ sake, to get behind a third runway at Heathrow.
I welcome the hon. Gentleman’s agreement with me that removing barriers to trade is good for everybody—it is good internationally and good here in the UK. One thing he fails to point out, though, is that there are huge benefits in regulatory freedom and flexibility. As the UK is able to decide its own rules and regulations, we can be more nimble and agile in the modern world—a key benefit of our leaving the European Union and having a Canada-style deal with the EU.