Comprehensive and Progressive Agreement for Trans-Pacific Partnership Debate

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Department: Department for Business and Trade

Comprehensive and Progressive Agreement for Trans-Pacific Partnership

Karl McCartney Excerpts
Tuesday 18th July 2023

(9 months, 4 weeks ago)

Commons Chamber
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Nigel Huddleston Portrait Nigel Huddleston
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My hon. Friend makes a sensible point that is pivotal to our future trading arrangements. We are the second biggest service exporter in the world. Those services are increasingly being transported, and therefore physical distance does not matter—they can be delivered at the press of a button. We have an excellent reputation on those. He makes the point about London; more than 3,000 businesses are owned by CPTPP members, and over 100,000 jobs are reliant on those businesses. That will only increase over time. It is important to stress that London is benefiting from our relationship with CPTPP members, but more than 75% of the benefits are outside London.

Karl McCartney Portrait Karl MᶜCartney (Lincoln) (Con)
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In contrast to the negativity from the Opposition Benches that oozes across the Chamber, I positively welcome my hon. Friend’s update. Is there anything comparable in recent history or down the tracks as good as the agreement and partnership that has been entered into?

Nigel Huddleston Portrait Nigel Huddleston
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Let us bank this agreement for the positive benefits it will bring. My hon. Friend knows I am a yellowbelly, and Lincolnshire people always talk common sense, as does he. There are a lot of opportunities, but this is one of many deals we have already signed and inked—more than 70 since we left the European Union. We are in negotiations with many areas including India, Switzerland and others. Importantly, we are focusing on services as well as goods, because some of those deals do not cover services at the moment.