Oral Answers to Questions

Jonathan Edwards Excerpts

Thursday 3rd May 2018 Commons Chamber

[Suella Braverman]

The Government set out the two options in our policy papers last summer, and one of those options will be adopted in due course. Free trade has brought unprecedented prosperity to some of the poorest countries in the world. My hon. Friend referred to developing countries: free trade has lifted more than 1 billion people out of poverty by increasing choice and lowering prices for consumers. It will enable us to forge trade agreements with some of the poorer countries in the world, thereby incentivising them to capitalise and industrialise, and to be sustainable and not dependent on aid. This is a great opportunity.

[Jonathan Edwards (Carmarthen East and Dinefwr) (PC)]

Is not the reality that trade deals with, for instance, the US and Australia would require concessions on regulatory standards that would create impenetrable trade barriers with Europe? When it comes to trade policy, surely one bird in the hand is better than two in the bush.

[Suella Braverman]

By leaving the single market, we will regain control of our laws and regulatory regimes, which will enable us—Parliament and the Government—to set the terms on which we negotiate any future trade deals with other countries. Let us be clear: we have a trade surplus with countries outside the EU. There is excessive and impressive demand for British goods out there. We need to open our markets so that our businesses can expand their sales and capitalise on this opportunity.