Lord Reid of Cardowan
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(4 years ago)
Lords ChamberMy Lords, we cannot hear the noble Viscount, Lord Waverley, in any meaningful sense, so I suggest we move on to the next speaker.
My Lords, responding to the report that the noble Baroness, Lady Coussins, referred to from the international relations committee, on the United Kingdom and Latin America, the Government accepted the assertion of the committee that there is huge commercial potential in a relationship with Latin American countries. Indeed, they went further, saying that
“Latin America has huge potential for trade and investment with the UK. As we leave the EU, we … have been increasing our focus on Latin America.”
Given that that is absolutely contemporary, would it not be beneficial from that point of view to have a more flexible and less restrictive regime? Will the Minister—who I am sure is far more influential than she admitted—press for that in any future review?
Since the noble Lord asked so nicely, I will certainly take that back. I do not disagree with him at all that Latin America has great potential. I went to Mexico last year and I know that the Foreign Secretary has had talks with Peru. There is great untapped potential.