Oral Answers to Questions Debate
Full Debate: Read Full DebateHelen Hayes
Main Page: Helen Hayes (Labour - Dulwich and West Norwood)Department Debates - View all Helen Hayes's debates with the Department for International Trade
(2 years, 6 months ago)
Commons ChamberAs always, the hon. Member is a champion of businesses in his constituency. He is exactly right: those barriers to trade are still difficult, and the free trade agreement brings us the opportunity to work with India to strip away those market access barriers. We are listening, obviously, through the consultation process. On the FTA process, at the beginning of the year we asked businesses to talk to us and share their own experiences and the particular areas where they wanted us to negotiate reductions in barriers. I hope that we are doing that. I would be very happy to hear directly from the hon. Member’s businesses whether they have particular areas in mind. We are looking to reach a broad and comprehensive agreement that will strip away many of those market access barriers, be they tariff areas around goods or, indeed, those very many areas of service sector activity, which will benefit both sides. We have some highly mutually compatible business opportunities to work on together.
Research by the London School of Economics has found a huge drop in the number of trade relationships between UK businesses and the EU, with a 30% decrease in the variety of goods sold. That is a clear indication of the damage that the Government’s Brexit deal is doing to smaller businesses, which cannot afford the increased costs of administration. Will the Minister detail how many small and medium-sized enterprises applied to the Brexit support fund and how many were successful? May I also ask the Minister, on behalf of the small and medium-sized businesses in my constituency, where is the urgency to find solutions to enable SMEs to trade with our EU neighbours once again?
Thank you, Mr Speaker, for your welcome. I also thank the hon. Member for her question. Of course, she did not support the EU trade agreement that this Government put in place, so it is quite rich for her now to turn around and say that we are not increasing exports. In my previous answer, I talked about the many interventions that this Government are making, including internationalisation and the Brexit support fund of £38 million that is going to small and medium-sized enterprises to help them overcome the barriers that the protectionist EU puts in place.