Oral Answers to Questions

Debate between Greg Hands and Rob Butler

Thursday 2nd May 2024 Commons Chamber

[Greg Hands]

I thank my hon. Friend for his engagement in the region, in St Kitts, the Caribbean as a whole and Guyana, which remains in all our minds at the moment given the situation on its borders. He is right to highlight the CARIFORUM trade deal; it is a deal that the UK values, and I mentioned that we have had the inaugural meeting of the body designed to ensure that the deal has good effects on our trade with the Caribbean. I might suggest arranging a meeting between my hon. Friend and the trade commissioner Jonathan Knott, who I am sure would be delighted to meet him to discuss Caribbean trade possibilities still further.

[Rob Butler (Aylesbury) (Con)]

10. What steps her Department is taking to reduce non-financial reporting requirements for small businesses.

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[Rob Butler (Aylesbury) (Con)]

One of the many benefits of Brexit has been our ability to take back control of our trade negotiations. The comprehensive and progressive agreement for trans-Pacific partnership is one of the most exciting, so will the Minister provide an update on the status of our accession to CPTPP?

[Greg Hands]

I am delighted to be able to do so, and delighted to have such an enthusiastic supporter of CPTPP, which is an enormous benefit to this country. The UK joining will take its share of global GDP from around 11% to just over 15%. The UK will be the first country ever to accede to CPTPP, which includes most of the fastest growing markets in the Asia-Pacific region: the UK joining shows that it goes beyond the region. On accession, we are delighted that Royal Assent has been given to our Trade (Comprehensive and Progressive Agreement for Trans-Pacific Partnership) Act 2024, and we are looking forward to UK ratification in the coming weeks. Three of the 11 parties have ratified so far—Japan, Chile and Singapore—and we look forward to further parties ratifying it in the coming weeks, to make progress on this extraordinary opportunity for this country.

Oral Answers to Questions

Debate between Greg Hands and Rob Butler

Thursday 10th June 2021 Commons Chamber

[The Minister for Trade Policy (Greg Hands) [V]]

There will be opportunities for businesses across Buckinghamshire as part of the 2,600 businesses in the south-east that were already exporting goods to Australia last year. They are set to benefit from action on tariffs in areas such as cars, food and drink, and machinery, and there will be benefits in services, including digital, data and innovation provisions that will future-proof the FTA for businesses in Buckinghamshire and across the United Kingdom.

[Rob Butler]

Many happy returns, Mr Speaker. I thank the Minister for his answer. Buckinghamshire has more microbusinesses than any other county in the country, so now that we are a free sovereign trading nation once again, what help can my right hon. Friend give to those very small businesses that want to export to Australia but might not yet have the expertise and experience to do so?

[Greg Hands]

I am well aware of the situation in Buckinghamshire; my father set up a microbusiness in Buckinghamshire 40-odd years ago. I can tell my hon. Friend that our refreshed export strategy will raise the exporting culture of the UK, taking advantage of our new independent trade policy by providing SMEs and micro-businesses across Buckinghamshire with new opportunities to build their exporting capability in both goods and services, to enhance support, to strengthen one-to-many digital services and to improve access to finance.

Oral Answers to Questions

Debate between Greg Hands and Rob Butler

Thursday 14th January 2021 Commons Chamber

[Rob Butler (Aylesbury) (Con)]

What steps her Department has taken to help ensure that SMEs in Buckinghamshire can benefit from future free trade agreements.

[The Minister for Trade Policy (Greg Hands)]

The Government have included, and will continue to seek to include, specific SME chapters in all our free trade agreements to ensure that SMEs are provided with the information necessary to make informed commercial decisions and seize the great new opportunities provided by these agreements.

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[Greg Hands]

I thank my hon. Friend for that excellent question on behalf of his constituency company, and I can tell him that the US and the UK have a shared ambition to improve trade for our SME-focused economies on both sides of the Atlantic, to help companies such as Kromek. There are three specific areas we are looking at. First, we want to reduce or eliminate tariffs. Secondly, we will have a wide-reaching SME chapter. Thirdly, we are also looking at provisions on reimported goods as well. Those provisions will benefit around 32,000 UK SMEs that already export to the US, such as Kromek, but also future SMEs. That will grow that trade, which will suit our bustling and improving SME sector.

[Rob Butler [V]]

The trade agreement with the European Union is absolutely fantastic for our country as a newly sovereign nation, and it comes on top of deals already covering more than 60 countries. Can my right hon. Friend tell the House how he intends to go further still and secure opportunities in the Asia-Pacific region, which would particularly benefit small businesses in my constituency of Aylesbury, but also those across the UK?

[Greg Hands]

We are seeking an SME chapter in all our future free trade agreements. SME chapters are an excellent way of assisting companies to navigate a free trade agreement. They distil information and make it easier, particularly for companies without expertise in trade agreements, which is generally the case for SMEs. In Asia-Pacific, we aim to include such chapters. We have already included one in an agreement with Japan, and we aim to include them in agreements with Australia, New Zealand and, of course, the comprehensive and progressive agreement for trans-Pacific partnership. We are aiming to do that to benefit SMEs in constituencies such as my hon. Friend’s in Aylesbury.

Continuity Trade Agreements: Parliamentary Scrutiny

Debate between Greg Hands and Rob Butler

Tuesday 17th November 2020 Commons Chamber

[Greg Hands]

Of course the whole Government take a common approach to the United Kingdom Internal Market Bill. It is important for our trade partners to know that the UK has a well-functioning and efficient internal market. The measures that have been taken are necessary to protect the integrity of the UK’s internal market, which is extremely important for Scottish businesses, particularly if an agreement with the EU cannot be reached. I commend the United Kingdom Internal Market Bill to the hon. Lady for her further consideration in both Houses of this Parliament.

[Rob Butler (Aylesbury) (Con)]

Businesses in my constituency trade heavily with other nations, and obviously they want to get deals that will enable them to continue to do so as easily as possible, but they also know that deals have to be fair to both parties, whether that is two companies or two countries, so does my right hon. Friend agree that we should stand firm for British interests and not just accept any terms that are offered?

[Greg Hands]

My hon. Friend is absolutely right. Even in the negotiation of continuity agreements, it is important to ensure that we get the best possible deal for British consumers and British businesses, including those in his Aylesbury constituency.