EU Trade Agreements: Replication
Laura Smith Excerpts(5 years, 10 months ago)
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Dr Fox
My hon. Friend, who has considerable knowledge from his work on the Select Committee, is quite right. If we were in a customs union, but a third country outside the European Union—I do not hear people say that we should stay in the EU and simply behave dishonourably towards the referendum—we would not be able to affect European Union trade policy and would become complete rule takers and would in fact be in a worse position than we are today. As a member of the European Union, we were able to affect policy. We have been given a clear instruction by the voters to leave the European Union, and that means leaving the customs union and the single market.
Laura Smith (Crewe and Nantwich) (Lab)
Manufacturers in Crewe and Nantwich have expressed very real concern about the lack of progress in this area. Does the Minister accept that committing to a new customs union as part of our future relationship with the EU would resolve this issue, allowing us to continue to take advantage of our current deals with all major global markets while allowing us the ability to strike our own deals for trade in services, which make up the vast majority of the UK economy?
Dr Fox
Just how would it give us greater certainty in the exercise of our own trade policy if we were a third country outside the European Union in a form of customs union that specifically prohibited us from having a say on that trade policy itself? That would diminish the ability of this Parliament to give certainty to any business in our country, rather than what the hon. Lady suggests.
EU-Japan Economic Partnership Agreement
Laura Smith Excerpts(6 years, 5 months ago)
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George Hollingbery
Indeed, my hon. Friend is plainly right.
As Members will know, in August 2017, the Prime Minister and the Japanese Prime Minister, Shinzo Abe, agreed to
“work quickly to establish a new economic partnership between Japan and the UK based on the final terms of the EPA”
as the UK leaves the EU. The UK-Japan trade and investment working group, established last year by the Japan-UK joint declaration on prosperity co-operation, is tasked to deliver on that commitment, and it met for the first time in May.
Laura Smith (Crewe and Nantwich) (Lab)
Does the Minister accept that the investor-state dispute settlement has been excluded from the deal because of the widespread public outcry against it? Will he assure the House that his Government will not seek to include ISDS in any future deal with Japan?