Britain in the World
Debate between John Whittingdale and Bob Seely(4 years, 3 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Bob Seely (Isle of Wight) (Con)
The gravity school of economics argues that we always trade more with those closest to us, but does my right hon. Friend agree that the history of the past 200 years suggests the opposite? We have taken beef from Argentina, we have had a closer economic relationship with the United States than with any other single country, and we have incredibly close relationships with India, to which we sold cotton, and with Australia and Canada. Does he agree with me—this is the point he is making—that the gravity school of economics is really rather flawed?
Mr Whittingdale
I agree with my hon. Friend. It is short-sighted to look at nearby countries only. Our history shows that we have a tradition of trading right across the globe—I am delighted to have the nod of my right hon Friend the Secretary of State for International Trade, who is in her place.