UK–Commonwealth Trading Relationship Debate

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UK–Commonwealth Trading Relationship

Lord Risby Excerpts
Thursday 8th July 2021

(3 years, 5 months ago)

Lords Chamber
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Lord Risby Portrait Lord Risby (Con)
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My Lords, I warmly applaud my noble friend Lord Howell for initiating this debate and for so constantly bringing our attention to the Commonwealth over many years. I think it would not be unreasonable to say that much of the energy and focus of our Foreign and Commonwealth Office in the past perhaps arose out of our membership of the European Union. While we of course want to have excellent relationships with our European neighbours, the long-standing and prescient call by my noble friend to embrace the Commonwealth clearly needs to be answered now, without hesitation. I also applaud the work of my noble friend Lord Marland, who chairs the Commonwealth Enterprise and Investment Council, the mandate of which is to promote trade and investment across the Commonwealth.

We should capitalise on the Commonwealth advantage. It is a gateway to trading with nations with whom we share legislative practices based on the rule of law, with whom we overwhelmingly share common ideals and values through the commercial charter, and which is strengthened by commercial links and the Commonwealth legal framework.

Each morning, I look at newspapers from across the channel. There is considerable debate, not always harmonious, about links between Francophone countries. Quite simply, our Commonwealth structure has no remote equal and is widely admired.

In the extensive list of countries with whom we have signed trade deals, digital connectivity and stimulating digital trade is at the heart of a number of these agreements. Thus, the Commonwealth is an area for this country to develop and share targeted digital commercial activity.

Young people abroad remain very attracted by our technological and cultural offer and our forms of soft power, often through the English language. I greatly welcome the changed visa regime, with students from the Commonwealth now able to study and work here much more freely.

There is one structural component of the Commonwealth architecture which begs for modernisation. I happen to be the Prime Minister’s trade envoy to Algeria—the biggest country in Africa and, for over 50 years, a reliable supplier to us of liquified natural gas. As I have heard from their president’s lips, they would like to have associate or formal observer status with the Commonwealth. But there is no such status: it is either full membership or nothing. Does my noble friend agree with more flexible linkages to the organisation, which would undoubtedly enhance the Commonwealth’s reach and credibility? If he does, will he strongly take the message to our Government to work assiduously to achieve this? After all, our Prime Minister is currently chair-in-office. Surely the time to put real focus and energy into the Commonwealth has now arisen.