Lord Hannan of Kingsclere
Main Page: Lord Hannan of Kingsclere (Conservative - Life peer)Department Debates - View all Lord Hannan of Kingsclere's debates with the HM Treasury
Gulf States: Trade and Human Rights
Lord Hannan of Kingsclere Excerpts(3 weeks, 3 days ago)
Lords ChamberRead Full debate Read Hansard Text Watch Debate Read Debate Ministerial Extracts
Baroness Gustafsson (Lab)
First, there is no signed agreement with the GCC yet; it is under continuous negotiation. However, one of the opportunities we have is to reaffirm what standards a country should have and how it can rearticulate them within the terms of a free trade agreement. Then there are other aspects: consider the Modern Slavery Act here in the UK, which requires any business, anywhere in the world, trading with the UK to comply with efforts towards transparency around its supply chain, to identify forced labour and to eradicate that wherever possible. Where we have opportunities to expand those trading relationships, such as with this free trade agreement, we will only increase the number of businesses that will then be bound by those standards of transparency.
Lord Hannan of Kingsclere (Con)
My Lords, I thank the Minister for her answers to the noble and right reverend Lord, Lord Harries of Pentregarth, and the noble Lord, Lord Purvis of Tweed. Will she confirm that trade agreements are about trade? They are about the removal of barriers and other obstacles to the free flow of commerce. All the other things that we are hearing about—women’s rights, freedom of expression and workers’ rights—are terribly important, but they do not belong as a coda in a trade agreement; they are matters to be addressed in their own terms. Here is a terrific opportunity for us to increase the value of our trade by getting on for £2 billion with these old allies of ours, the former Trucial States and other Gulf monarchies. Is that not good for us, good for them and —in a world that is increasingly moving to protectionism —good for everybody else as well?
Baroness Gustafsson (Lab)
Trade is the consequence of a relationship: working with someone across the table with whom you have a shared ambition to work together. That drives both economic benefit and influence, and I do not believe that one ever comes at the cost of the other.