Sanctions

Debate between John Penrose and Elizabeth Truss

Monday 28th February 2022 Commons Chamber

[Elizabeth Truss]

It is appalling to hear about the horrific situation that the family of the right hon. Gentleman’s constituent find themselves in, and we must be welcoming to refugees from this appalling, pre-meditated war created by Vladimir Putin. I will take his inquiry to the Home Office and get him a response.

[John Penrose (Weston-super-Mare) (Con)]

Four years ago an inquiry was announced into the progress of golden visas that had potentially been misallocated. Will the Foreign Secretary confirm that anybody on her list who becomes sanctioned—I commend her on the ever-growing list of oligarchs who she is sanctioning—will have any golden visas that they may have been granted in the past summarily revoked?

[Elizabeth Truss]

Well, Mr Speaker, they will not be able to travel.

Oral Answers to Questions

Debate between John Penrose and Elizabeth Truss

Tuesday 25th January 2022 Commons Chamber

[Elizabeth Truss]

This is the country where the Oxford-AstraZeneca vaccine was developed. It has been supplied at cost around the world and I have seen it being produced in the Serum Institute in India, as well as in Mexico. The fact is that we have supported the roll-out of vaccines around the world and donated to developing countries.

[John Penrose (Weston-super-Mare) (Con)]

T8. How does the Foreign Secretary believe the role of the Commonwealth could and should be developed in future, now that the UK has left the EU?

Global Britain

Debate between John Penrose and Elizabeth Truss

Thursday 30th January 2020 Commons Chamber

[Elizabeth Truss]

I agree with the hon. Gentleman. We want to have a great trading relationship with the EU, and we want to have a great trading relationship with the rest of the world. Our ambition is to ensure that 80% of UK trade is covered by free trade deals within three years, and that will mean lower tariffs for British producers sending their goods into the EU and also right around the world.

This is hugely important for levelling up our country, from the potters of Staffordshire and the sheep farmers of Wales to the robotics manufacturers in the north-east. By lowering tariffs and striking advanced digital agreements, we will give a boost to local economies, which will increase the number of jobs, increase wages and promote growth in those areas. That is the way we are going to level up our country: through enterprise and trade bringing more opportunities.

We are ambitious about securing a pioneering free trade agreement with Japan, which is already our main source of investment in Asia, employing more than 150,000 people across the UK. There are also fantastic opportunities to expand our trade with Australia in areas as diverse as defence, education, digital and infrastructure. These opportunities with the US, Japan, Australia and New Zealand are significant and will bring real value, but there is also an opportunity for us to become part of world-leading trade arrangements such as the CPTPP, partnering with 11 of the fastest-growing Pacific economies with consumer markets worth over $6 trillion.

We have the opportunity to make great free trade agreements across the world, and global Britain can once again become the ideas factory of the world, building the networks, the trust and the confidence that will underpin the success of British businesses in markets of the future. That is why we recently held the Africa investment summit, breaking down barriers to trade, building business links and forging new relationships in a continent that includes more than half of the world’s 15 fastest-growing economies.

[John Penrose (Weston-super-Mare) (Con)]

It is good to hear such a doughty defence and exposition of some classical and enduring truths about the importance of free trade, not just to this country and everybody in it but to the rest of the world. Does my right hon. Friend agree that one small but symbolically significant thing we could do is to ensure that free trade is extended to our overseas territories? They are 14 fairly small territories scattered around the world, but each is potentially a trading post for Great Britain, and this could be of benefit to the residents of those territories as well.

[Elizabeth Truss]

My hon. Friend makes an extremely good point, and of course we want to extend those trading relationships with our overseas territories as far as we can.

I am pleased to say that, as we leave the European Union, we will be launching a new GREAT ready-to-trade campaign, featuring the Union flag and showcasing a modern, confident and successful Britain. We will have billboards and press and digital ads in 18 cities across 30 countries outside the EU, and we will be encouraging investors and buyers worldwide by showing that the UK is ready, willing and able to trade. These efforts are key to our agenda to unite to level up our country, delivering opportunity and unleashing the potential of every part of the United Kingdom.

However, trade is about more than just exports and investment. It is also about shaping the sort of world we want to live in. Let us be honest, there is a battle raging at the moment across the world: a battle between protectionism and free trade, between unfair trading practices and the defence of intellectual property, and between those who wish to restrict human freedom and those who seek to advance it. Let nobody be in any doubt which side the United Kingdom is on.