Oral Answers to Questions

Henry Smith Excerpts
Thursday 12th October 2017

(7 years, 1 month ago)

Commons Chamber
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Liam Fox Portrait Dr Fox
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I do not anticipate that that will happen. The hon. Gentleman clearly does not understand what the process is, or what a negotiation is. It is quite clear that our first offer is not the final thing that we expect to be accepted. For example, we have no agreement yet on what will happen with unused quotas or aggregate measures of support. Those issues will be dealt with during the negotiation—[Interruption.] I know that the hon. Gentleman likes to multitask, but being able to speak and listen simultaneously is not among his abilities.

Henry Smith Portrait Henry Smith (Crawley) (Con)
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T1. If he will make a statement on his departmental responsibilities.

Liam Fox Portrait The Secretary of State for International Trade and President of the Board of Trade (Dr Liam Fox)
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The Department has three tasks: promoting UK exports to support a growing economy that serves the whole country; maximising opportunities for wealth creation, including through overseas direct investment; and negotiating the best international trading framework for the UK outside the EU.

I welcome Crawford Falconer to the Department as chief trade negotiation adviser—he brings a wealth of knowledge—and I can announce the convening of the Board of Trade today, which will ensure that the benefits of trade and investment are spread across the whole UK.

Henry Smith Portrait Henry Smith
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The EU Commission seems hellbent on damaging the economies of the remaining member states through its Brexit negotiations, so will my right hon. Friend say what preparations are being made for no deal?

Liam Fox Portrait Dr Fox
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The best thing for the whole of Europe is for us to reach a deep and comprehensive agreement on trade. We are committed to doing so, and we hope that our European partners will commit to move on to the second stage of negotiations as soon as possible, not least to remove any uncertainty to businesses and workers across Europe. However, if we are unable to do so, the Government have already undertaken a wide range of contingency plans.