Oral Answers to Questions Debate
Full Debate: Read Full DebateJack Brereton
Main Page: Jack Brereton (Conservative - Stoke-on-Trent South)Department Debates - View all Jack Brereton's debates with the Department for International Trade
(5 years, 4 months ago)
Commons ChamberI had a number of discussions in the United States about that issue this week, as the hon. Gentleman may have guessed. It is likely that tariffs will be applied following the WTO determination of the level of tariffs that the US is allowed by law to set following the judgment on Airbus. Of course, the judgment on Boeing, to which he alluded, is also coming. At some point, we must ensure that both European countries and the United States are able to give appropriate support to their aircraft industries, because the alternative will be market access for China, which will be in the interests of neither.
The transition agreement will replicate the effects of the preferential market access in the existing EU-South Korea FTA, providing certainty for businesses and allowing them to continue trading on preferential terms. It will provide a firm basis for the further strengthening of our ambitious trade and investment relationship as we work together in future.