(5 years, 4 months ago)
Commons ChamberThe 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.
(6 years, 2 months ago)
Commons ChamberThe Government are committed to an inclusive and transparent trade policy. On 20 July, we launched a 14-week online consultation, allowing the public to provide views on future potential UK trade agreements with the US, Australia and New Zealand and, of course, the potential accession to the comprehensive and progressive agreement for Trans-Pacific Partnership.
We have huge potential to increase exports, particularly in the fantastic ceramics industry in Stoke-on-Trent, so I thank the Minister for that response. Will he update the House on the progress that is being made with the US-UK trade agreement, which is so important for that industry?
It is important to point out to my hon. Friend and, indeed, to the House that our duty of sincere co-operation means that we are only exploring information at this stage since we may not, cannot and should not explore actual free trade deals. However, the UK-US trade and investment working group has now met on four occasions and will meet again in November in Washington. We want our future trade agreements to work for all sectors and regions of the UK, including the UK’s highly valued ceramics industry in Staffordshire, for which my hon. Friend is a doughty champion. The Secretary of State will be chairing the consultation in Birmingham on 1 October. My hon. Friend recently wrote to me requesting a meeting for that particular sector, and we will be exploring dates shortly.