Regional Comprehensive Economic Partnership Debate
Full Debate: Read Full DebateDepartment: Department for Business, Energy and Industrial Strategy
Lord Wallace of Saltaire
Main Page: Lord Wallace of Saltaire (Liberal Democrat - Life peer)Department Debates - View all Lord Wallace of Saltaire's debates with the Department for Business, Energy and Industrial Strategy
Regional Comprehensive Economic Partnership
Lord Wallace of Saltaire Excerpts(4 years ago)
Lords ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Lord Grimstone of Boscobel (Con)
My Lords, because we have no intention of joining RCEP at present, we have made no assessment of its effect on climate change.
Lord Wallace of Saltaire (LD) [V]
My Lords, is it compatible with Britain’s sovereignty to join the Trans-Pacific Partnership? We have just re-established our sovereignty by sloughing off the multilateral agreements we have made, which clearly share sovereignty with the European Union, so why on earth are this Government considering going into other multilateral agreements in which we will have to share some of our sovereignty with others, whichever countries they are? I am very glad that they do not include China.
Lord Grimstone of Boscobel (Con)
My Lords, UK accession to the Trans-Pacific Partnership Agreement would secure increased trade and investment opportunities and help us diversify our trading links, and we believe that that would be to the benefit of the United Kingdom.