(5 years, 11 months ago)
Commons ChamberAs I said in my statement, if we are unable to get the Trade Bill through, which provides legal underpinning of the TRA, we will use mechanisms under the Taxation (Cross-border Trade) Act 2018, but I would want to see the Trade Bill go through as soon as possible, because it gives us the best possible legal underpinnings for the mechanisms that we are putting in place.
When we talk sometimes about national security, we think about military and defensive measures. This is about our economic security and businesses that are potentially under threat of being undercut by unfair subsidies from China or elsewhere, putting our workforce and their livelihoods on the line. Will the Secretary of State give us an absolute guarantee that our economic security is not going to be weakened after 29 March? It is clear that the haphazard way in which he has not managed to give the Trade Remedies Authority a proper, legal basis yet makes this look as though it is all held together by a box of matches and sticky-back plastic. We need strong defences for our country and surely that has to include strong economic defences as well.
The hon. Gentleman is absolutely correct. We do need to look after our economic interests, which is why we need a Trade Remedies Authority that is able to put these trade remedies in place and review them. We did not vote against the establishment of the Trade Remedies Authority; the Opposition parties did so by voting against the Trade Bill in what would otherwise be an act of economic vandalism, were we not stepping in to ensure that businesses such as steel and ceramics are properly protected.
(6 years, 1 month ago)
Commons ChamberMinisters have been engaging with all 11 CPTPP members. I have recently spoken to a number of Ministers, including from Singapore, Mexico, Canada, Australia, New Zealand and Japan, and the positive response to our engagement has been demonstrated by the supportive comments from some of the leaders of those countries—including Prime Minister Abe of Japan and Prime Minister Morrison of Australia—all of whom are very keen, as Prime Minister Abe said, to welcome Britain with open arms as soon as possible.
But isn’t the problem for the Secretary of State that these potential new free trade agreements will not be concludable until we know what the UK’s trade relationship with the EU is? Does he not now have to admit that it is not possible, realistically, to sign or conclude free trade agreements with all those other countries, because it will be several years—maybe two, three or more—before we conclude our trade arrangement with the EU?
Of course, the best thing that any of us could do is ensure that we have an agreement as soon as possible with the European Union, which Members of this House will be able to contribute to. Of course, if the House decides that we are not to come to an agreement with the European Union, there will be adverse consequences.
(6 years, 6 months ago)
Commons ChamberMy right hon. Friend is right: it is important that we explain what is involved. It is also important to genuinely consult, as he says. That is why the Government in their pre-negotiation phase are doing what has never been done to this extent before. Pascal Lamy, the former director-general of the World Trade Organisation, said we are leaving a period in trade which was about the protection of producers and entering one about the precaution of consumers. Our consumers are very much more interested in trade policy today than they have ever been, and therefore they will expect, and we have a duty to provide, the appropriate consultation for them.
This statement is about consultations in advance of future trading arrangements, so will the Secretary of State assure the House that he at no time consulted members of the Conservative European Research Group on their four wrecking amendments wrecking the Chequers arrangement before they were tabled?
(6 years, 10 months ago)
Commons ChamberWe are seeing the sort of problems that come from introducing protectionist measures. Tariffs will very seldom—for any length of time—successfully protect a domestic industry. They are likely to add cost to the inputs for that economy. In the United States, where 140,000 people are employed in the production of steel, there are also 6.5 million people in industries dependent on steel usage who will not be helped by an increase in the price. My hon. Friend makes a good point. We should all be recommitting ourselves to an open, liberal, global trading system, rather than considering impediments to it.
If the Secretary of State wants to rebuff Donald Trump’s claim that these tariffs are for national security reasons, he need only look at the President’s tweet from six hours ago, in which he starts off down the avenue of saying, “Oh, what about European farming tariffs or manufacturing tariffs?” It is quite clear that the Secretary of State and the European Union should be able to drive a coach and horses through the national security nonsense that the American President is putting up. Will the Secretary of State at least see this as an opportunity for us to work with our partners in the European Union and to use the leverage that we have in that alliance of 500 million customers to ensure that the Americans cannot walk all over us?
Order. A load of constituencies are affected. May I suggest that we have short answers and short questions, so that hon. Members can get in?
(8 years, 1 month ago)
Commons ChamberWhatever the actual figures are, there is one point that is more important—the introduction of any impediments to trade and investment in intra-European trade would be disadvantageous to producers and consumers alike. Of course, the Government have made it very clear that we will try to get maximum access to European markets in order to avoid a disruption of trade.
Are not these WTO schedules of concessions just one of many examples of the mammoth bureaucratic task that has to be conducted, and should we not be thanking our ambassador to the European Union for the reality check he has given about the decade-long period it will take to extricate ourselves from this process? Does the Secretary of State agree we should not be rushing so headlong into this timetable?
(14 years, 6 months ago)
Commons ChamberDoes the Secretary of State agree that it would be an extremely retrograde step for the cuts in Government spending to sacrifice the new coastguard search and rescue helicopters that are such an important part of front-line rescue services in our country? They would be 30% faster than the Sea Kings, they are fitted with forward-looking infra-red, and they are good at low-flying night-time search and rescue. Surely there cannot be any more front-line expenditure than that.
The hon. Gentleman is right about the importance of the services to which he refers. They are currently under review, as part of the defence review and our ongoing discussions with the Treasury. However, it does not come well from any member of the former Government to lecture anyone about public finances when we are having to make decisions on public spending against a more adverse financial backdrop than any Government have faced at least since the second world war.