G7: Charlevoix, Quebec

Lord Wallace of Saltaire Excerpts

Monday 11th June 2018 Lords Chamber

[Lord Wallace of Saltaire (LD)]

My Lords, does the Leader of the House accept that, for some of us, this is an almost surreal communiqué? It talks about the agreement of communiqué, but the President of United States has already resisted it. We are committed to the World Trade Organization, but the United States Administration are currently doing their utmost to undermine the global trading system, including—as I read in my emails this morning—by resisting the appointment of new judges to the arbitration procedures. So we have a crisis in the global trading system that this Statement does not begin to reflect.

Does the noble Baroness also accept that the commitment to a “rules-based trading system”, which is again proclaimed in the Statement, is resisted by many within her own party as incompatible with British sovereignty when it comes to the European Union and that their suggestion that the World Trade Organization will be sufficient does not come to terms either with the weakness of the world trading system or with the necessary compromises of sovereignty which those international rules would require of Britain?

Lastly and most importantly, since the Secretary of State for International Trade and the Foreign Secretary appear to regard the EU as the enemy, and the sooner we get out from co-operating with it the better, can the noble Baroness inform us whether we intend to co-operate with the other members of the EU in imposing countermeasures for the next nine months, for the next nine months plus the transition and implementation period or for longer? We thought that solidarity with the EU was something that we were about to get rid of.

[Baroness Evans of Bowes Park]

I reiterate that we remain a leading supporter of the global rules-based trading system. However, we accept that some elements of the WTO could be improved and we will continue to discuss issues such as improving transparency and dealing with state-owned enterprises and industrial subsidies with our partners—but we believe that the WTO plays an important role at the centre of our system.

On the noble Lord’s question on steel tariffs, I have said that we are working with our EU partners to achieve a permanent exemption. We will work with them in relation to countermeasures. The Commission will be required to seek member state approval for these to come into effect, which it intends to do this month. We will of course be involved in those discussions.

--- Later in debate ---

[Baroness Evans of Bowes Park]

As I have said in answers to a number of questions, all I can say is that we hope that they continue to stand by the agreements. We will certainly continue to honour them and we will continue to have discussions with President Trump on these issues.

[Lord Wallace of Saltaire]

May I ask again for a reply to the question I asked: will we continue to apply EU countermeasures to the United States after March 2019? This is an important question—and if there is no answer now, could we have one in the next few days?

[Baroness Evans of Bowes Park]

What I can certainly say is that we understand the importance of the steel industry in this country. We want to make sure that jobs are protected and we will continue to do that going forward. I will see if there is any further information that I can provide.