(3 years, 9 months ago)
Commons ChamberUrgent Questions are proposed each morning by backbench MPs, and up to two may be selected each day by the Speaker. Chosen Urgent Questions are announced 30 minutes before Parliament sits each day.
Each Urgent Question requires a Government Minister to give a response on the debate topic.
This information is provided by Parallel Parliament and does not comprise part of the offical record
While recognising that negotiating international trade deals is a reserved matter, the Minister will be aware that many of the policy areas included in trade negotiations are devolved to Wales. Considering this, I find it quite incredible that trade deals can be signed without the formal agreement and approval of the Welsh Parliament. Earlier, he alluded that there had been engagement with the devolved Governments, but can he inform the House whether he has received any critique from the Welsh Government about the approach of the British Government to these continuity deals?
I have an excellent relationship with the Welsh Government: first with Baroness Morgan and more recently with Jeremy Miles. The hon. Member is quite right that international trade is a reserved matter, but it does impact with devolved competence. I believe that the Welsh Parliament either has or will be recommending legislative consent to the Trade Bill, which I think is testimony to how well we are working together in the interests of all of the people of Wales.
(3 years, 11 months ago)
Commons ChamberI will pass that call on to my colleague, the Defence Secretary. My hon. Friend is absolutely right about the central importance of TPP, not just as a huge economic opportunity for the United Kingdom, but as a beacon of free trade and fair play that will be vital as we seek to reform the global trading system.
Based on the British Government’s own best-case scenario figures, am I right in calculating that it will take 71 deals of this nature to make up for what will be lost by pursuing the British Government’s policy of leaving the EU single market and customs union?
Mr Speaker, I think some hon. Members have got the wrong title of today’s statement. They seem to think that it is about the EU referendum, which I believe happened three years ago.
(5 years, 6 months ago)
Commons ChamberOne reason why the Prime Minister has put forward the deal that she has to the House is that it allows the flexibility for us to engage in the ways in which my right hon. Friend expects us to be able to —actively with the south Asia region, and India in particular—and to prescribe our own preference schemes such that we can control our own rules.
Is it not the case that the priority for the Indian Government is a trade deal with the EU and that the best way for the British state to have a trade deal with the EU is to stay in the EU customs union?
The Indian Government’s priority is likely to be trade with anybody with whom it suits. The hon. Gentleman simply needed to listen to the answer I gave a little earlier: there has been a 28% increase in UK exports to India, to £7.9 billion, in the year to quarter 2 2018, and a 38% increase in goods exports. We can conclude from that there is plenty of attention in India on UK trade.
(5 years, 11 months ago)
Commons ChamberI thank my hon. Friend for her very encouraging story from Tanzania. Britain is, of course, an international leader on development and my Department is working with the Department for International Development to ensure that global prosperity is at the heart of future policy. Our first priority is to deliver continuity in our trading relationships as we leave the EU. In the future, the Government will explore options to expand our relations with developing countries. DIT will be focusing on unilateral preference schemes and schemes to help to break down barriers to trade that exist in many countries.
As I have already pointed out, it is advantageous for us to have an open, liberal comprehensive trading deal with the European Union, but it is also important that we open up trading opportunities elsewhere, which was why I found it utterly depressing that the Labour party voted yesterday against the EU’s free trade agreement with Singapore, which is a chance generally to open up trade. That is another example of how the Labour party has been captured by the anti-trade hard left to the detriment of the United Kingdom’s interests.
(6 years, 2 months ago)
Commons ChamberThe Under-Secretary of State for Business, Energy and Industrial Strategy, my hon. Friend the Member for Watford (Richard Harrington), will have heard what the hon. Gentleman said. Again, I make the point that we have set out a reasonable and proportionate response. There is no point escalating rhetoric; there is no point escalating the terms of this dispute. We should use the time available before the imposition of countermeasures to go back to the United States and say, “You still have time to think again, to stop history repeating itself or to stop economic effects that can only be detrimental in the United States and beyond.”
Following the tariffs on steel and aluminium, it is reported that the US Secretary of Commerce is now looking at the car industry, again on national security grounds. What analysis has the Department undertaken of what other sectors may fall victim to President Trump’s protectionist strategy?
(6 years, 4 months ago)
Westminster HallWestminster Hall is an alternative Chamber for MPs to hold debates, named after the adjoining Westminster Hall.
Each debate is chaired by an MP from the Panel of Chairs, rather than the Speaker or Deputy Speaker. A Government Minister will give the final speech, and no votes may be called on the debate topic.
This information is provided by Parallel Parliament and does not comprise part of the offical record
I agree that it is important that we have a transparent and open approach. It is certainly important to ensure that there is transparency through an independent trade remedies authority.
Most pressingly, I seek assurances from the Minister that we will have effective anti-dumping measures which ensure that there is a level and fair playing field on which free trade can be played out. Our job is to embrace the opportunities of Brexit and use Britain’s position as a leading member of the World Trade Organisation to push for free and fair trade globally. We need the same level and fair playing field globally that we pushed for on the regional stage of the single market as a member of the European Union.
Thanks to this Government, global Britain starts from a solid economic base, underpinned by a world-renowned and hugely attractive legal system with sound governance rules that has been hard built over centuries. The UK is a great place to do business. In a competitive world, it needs to be. I do not argue that we should reinvent the corn laws—far from it. British industry must continue its efforts to be more productive and innovative. Although our modern industrial strategy will create an environment from which winners can emerge, it will not pick winners, and it will not prop up or bail out those who fail to satisfy their customer base, diversify their product range or provide the right value for money with products that are worth every penny of their competitive price.
I am hugely encouraged that manufacturing productivity increased by 2.6% in the fourth quarter of 2017, not just because that might be a signal that we are finally resolving the productivity puzzle but because it shows that the renaissance of British manufacturing and export success is, unlike what some people claim, built on more than the current low trading range of the pound. It is true that the lower pound helps with finding new markets in the short term, but achieving longer-term competitiveness will be key to keeping those markets and expanding them when exchange rates change again. Getting domestic policies right, keeping taxes and the regulatory burden down and getting skills and the entrepreneurial spirit high is every bit as important to our future trade as the adoption of remedial measures sanctioned by the WTO.
By getting both domestic policies and international rules right, and having free and fair rules-based markets guiding both, we can continue to boost the number of UK firms that engage in export markets. That is not just theory; it is happening in practice. City A.M. reported only yesterday that, according to Lloyds bank’s latest business barometer, two in five businesses in the UK are planning to export for the first time or enter a new market within six months. The prospect of increased profits and turnover is the main reason why firms are looking to expand their business abroad. Almost one fifth explained that they were looking to export due to existing demand overseas, while only 13% were driven by exchange rates. There are big growth markets out there, and the Prime Minister is right to highlight and drive the amazing opportunities for trade across the Commonwealth.
I congratulate the hon. Gentleman on securing the debate, but it seems to me that we are entering a global trade war, largely driven by the protectionist policies of the United States. Is it his view that domestic industries are better protected within the EU customs union or outside it?
I do not think it needs to be. We should pursue opportunities globally. As I said, there are real opportunities out there in the Commonwealth—and, yes, with the United States, too—to improve our trade links and the opportunities of trade for British businesses, such as those in my Stoke-on-Trent constituency.
We need more businesses to be confident exporters. For that, they need the right skills, the right support from DIT, the right trading opportunities and trade agreements negotiated by Britain in the British national interest. We need of course to ensure that, as a nation, we make full use of digital technology and use the internet as a worldwide exports showroom and sales platform. But we also need to guard against material retardation of the establishment of new industries in the UK, either from barriers to entry due to costs or regulation here at home, or from imports that are unfairly and illegally dumped or subsidised by those who wish to nip competition in the bud.
(6 years, 4 months ago)
Commons ChamberI will take no lessons from the Liberal Democrats in this regard. The hon. Lady voted against the Second Reading of the Trade Bill, which will allow this country to transition its 40 or more existing EU trade agreements into UK law. Those agreements have already been scrutinised in Parliament. As I say, future trade agreements will be a matter for future proposals.
Is it not the case that, under current plans, the British Government will be able to sign off UK-wide trade deals without the consent of the devolved Parliaments, meaning that the Belgian region of Wallonia will have more power over EU trade deals than Wales, Scotland and Northern Ireland will have over UK trade deals?
I think the hon. Gentleman is confused. Existing trade deals have been scrutinised in this Parliament, with input from the Welsh Government in the usual way—more than 40 EU trade deals have already been scrutinised in this Parliament. He has confused those with future trade deals. We will, of course, work closely with Parliament and the devolved Administrations to make sure that their voice is heard on those future trade deals.
(6 years, 5 months ago)
Commons ChamberAs I have said, through the work that we are doing multilaterally, there are currently 28 outstanding recommendations that we expect China to apply. The Prime Minister raised this matter on her recent visit to China, and we are continuing the conversation. We understand China’s need for the production of aluminium and steel for export and for its domestic use, but if we are going to have a rules-based system, the rules need to be obeyed. They also need to be transparent, and we need to have sufficient information to determine whether the WTO rules are still effective.
If faced with a trade war, what post-Brexit trade defence mechanisms would little Britain employ against the might of the US economy?
(7 years, 1 month ago)
Commons ChamberThe Secretary of State will be aware of reports by the BBC and the Danish newspaper Dagbladet Information in relation to the sale of surveillance and decryption technology to Saudi Arabia by British companies via their Danish subsidiaries. This technology has been used to crush internal dissent, and it arguably contravenes Criterion 5 restrictions due to the potential impact on UK security. Will the British Government review the legislation and oversight procedures governing sales of surveillance and decryption technology?
(7 years, 8 months ago)
Commons ChamberMy hon. Friend is right to stress the importance of the bilateral trading relationship and the investment relationship. Every day, 1 million Britons go to work for American companies here and 1 million Americans go to work for British companies in the United States. Not only are our exports to the US very strong, but they grew by 19% in the most recent year for which data are available. Of course we look forward to developing a stronger and more open trading relationship with the new President and the new Congress.
One of the main proponents of a future UK-US trade deal in Congress is Congressman Charlie Dent, who happens to be a very good friend of mine and of the hon. Member for Aberconwy (Guto Bebb). However, President-elect Trump was elected on an anti-globalisation mandate, so why does the Minister think the new President will put UK-US trade deals at the front of his agenda in a post-Brexit environment?
Over the summer, I met Senator Orrin Hatch, one of the co-authors of the Congress resolution calling for a future US-UK free trade agreement. We strongly welcome the support right the way across Congress on our future trade relationship with the United States. As for the President-elect, I suggest we wait to see his actions. He did say during different campaign events:
“Trade has big benefits, and I am in favour—totally in favour—of trade…Isolation is not an option. Only great and well-crafted trade deals”.
We look forward to working with him in the future.