Free Trade Agreement: New Zealand

Margaret Ferrier Excerpts

Thursday 21st October 2021 Commons Chamber

[Anne-Marie Trevelyan]

My hon. Friend raises a really important point. We have submitted our application to become a member of the CPTPP, which is a group of 11 countries that work together with a free trade agreement. We are the first new member to apply, and we are presently going through what I can only describe as an exam process as our legislative requirements are tested against its framework. It is incredibly important. New Zealand and Australia are two key partners within the CPTPP, and in having these two first free trade agreements with them, we are setting out very clearly what is important to us. As I say, with this New Zealand agreement today, we are setting out all the areas that are really critical to us and indeed to our businesses. It shows the importance that we will continue to give to what free and fair trade means. It is ensuring that our businesses are working in a fair and competitive environment so that they can sell their fantastic produce. I have the fantastic challenge and joy of being able to share that across the world. I am making sure that, as we look to that CPTPP market, through these first two trade deals we are setting out our important and, indeed, great offer.

[Margaret Ferrier (Rutherglen and Hamilton West) (Ind)]

Taking a piecemeal approach to trade agreements is having an impact in many sectors, but especially for farmers. What assessment have the Government made of the cumulative effect of all these free trade agreements on sectors such as farming?

[Anne-Marie Trevelyan]

The cumulative effect of more and more free trade deals is the opportunity for our fantastic businesses that provide goods and services to reach many more markets. The huge growth in population, and wealthier communities across Asia in particular, are markets that we want our businesses to have every opportunity to access, because we believe that our products are some of the best in the world.