Oral Answers to Questions

Debate between Lord Swire and Robert Jenrick

Tuesday 28th October 2014 Commons Chamber

[Robert Jenrick (Newark) (Con)]

A transatlantic free trade deal would be a massive win for the UK and the world, but there have been concerns about procurement and health care, among others, that need addressing, and, I believe, debunking. Will the Minister give us an update on progress and consider making a statement on this important issue?

[The Minister of State, Foreign and Commonwealth Office (Mr Hugo Swire)]

I am most grateful to my hon. Friend for introducing this, because it is time to slay a lot of urban myths that have crept up around the transatlantic trade and investment partnership. If TTIP goes through, it will mean an economic prize worth up to £400 for each household in the UK, and £10 billion to our economy. If we delve into the details and look at the investor state disputes settlements and so forth, there is absolutely no reason to think that TTIP can undermine the NHS or anything else.