Europe, Human Rights and Keeping People Safe at Home and Abroad

Debate between Hilary Benn and Mike Gapes

Tuesday 24th May 2016 Commons Chamber

[Hilary Benn]

The right hon. Gentleman is absolutely right, and he has given me the opportunity to add to his point. We are the most successful country in the European Union—more successful than Germany, more successful than France—in attracting foreign direct investment. There are a number of reasons for that, some of which I mentioned at the beginning of my speech, which the Chair of the Select Committee welcomed; but there is no doubt that one of the reasons is the fact that we are part of a single market consisting of 500 million people.

[Mike Gapes]

My right hon. Friend mentioned the free trade agreements. Is it not a fact that since the European Union signed the free trade agreement with South Korea, the UK’s trade with Korea has massively increased? We also have massive Korean investment in this country.

[Hilary Benn]

That is indeed the case, and it shows that we can have the best of both worlds because we are gaining from the trade deals that the European Union has negotiated at the same time as increasing our trade with other countries with which Europe does not currently have a trade deal.