Comprehensive and Progressive Agreement for Trans-Pacific Partnership Debate
Full Debate: Read Full DebateDepartment: Department for Business and Trade
Karl McCartney
Main Page: Karl McCartney (Conservative - Lincoln)Department Debates - View all Karl McCartney's debates with the Department for Business and Trade
Comprehensive and Progressive Agreement for Trans-Pacific Partnership
Karl McCartney Excerpts(1 year, 5 months ago)
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Nigel Huddleston
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 (Lincoln) (Con)
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
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.