G7 and NATO Summits

Lord Bates Excerpts

Thursday 17th June 2021 Lords Chamber

[Lord Bates (Con)]

My Lords, the UK-US relationship has been the cornerstone of our shared prosperity and security for over a century and should remain so. Therefore, I warmly welcome the New Atlantic Charter. The original charter was a catalyst for promoting free trade through the creation of the General Agreement on Tariffs and Trade. Given that the pandemic has hit the world’s poorest hardest, with an estimated 150 million people pushed back into extreme poverty, while the world’s richest have seen their fortunes increase by over 25%, how can this new charter emulate its predecessor by re-energising free trade, which benefits the poorest people in the poorest countries, and steer us away from protectionism, which favours the rich in the richest countries?

[Baroness Evans of Bowes Park (Con)]

I thank my noble friend. When the Prime Minister and the President met in Cornwall, they agreed that the revitalised charter was a fitting testament to the sheer breadth and depth of co-operation between our countries. They have resolved to take this co-operation further by expanding trade and progressing towards a UK-US free trade agreement and of course, as he rightly said, by continuing to promote the benefits of free trade more globally.