Trade (Comprehensive and Progressive Agreement for Trans-Pacific Partnership) Bill [Lords]

Mark Pawsey Excerpts

2nd reading
Monday 29th January 2024 Commons Chamber

[Kemi Badenoch]

The right hon. Gentleman knows what I said to the Committee. It is important to stress the principle that these are not decisions that the UK makes in isolation, but he will hear more about the arguments relating to accession later in my speech.

One of the major benefits of our accession is the fact that for the first time we will have a trade deal with Malaysia and Brunei—economies worth over £340 billion in GDP. What does that mean for British business? It means, for example, that tariffs on British-made cars exported to Malaysia will be cut from 30% to zero, and that our whisky exporters will see tariffs cut from 80% to zero, a move that has been widely welcomed by members of the Scotch Whisky Association.

[Mark Pawsey (Rugby) (Con)]

The Secretary of State has spoken about the size of this deal, and she has mentioned the major players in our markets, the automotive and whisky industries, which are of course very big exporters. Will she say a little about the opportunities that may exist for small and medium-sized enterprises, and the work that is being done to open up those opportunities to them?

[Kemi Badenoch]

There will be a multiplicity of benefits for small businesses—for instance, the tariffs to which I have referred—but the agreement also contains a chapter that was specifically intended to help SMEs to take advantage of it.

--- Later in debate ---

[Anthony Mangnall]

I thank my hon. Friend for allowing me to get my breath back and for the points that he made. I hope SNP Members are listening, because they could make it a hat-trick and support their first international free trade agreement while they are at it. Of course, my hon. Friend is absolutely right: we must recognise both the export value and the import impact. We must also recognise, as was shown clearly through the pandemic, that businesses that have international markets are more resilient to shocks and can take further advantages of the deals that we are putting in front of them. The more that we can get trade deals in front of small businesses, encouraging them to seek out new markets, the more we can safeguard them for a long-term future.

[Mark Pawsey]

I have heard my hon. Friend talk about goods, but I want to hear more about services. We see this purely through the prism of goods going backwards and forwards, but our great strength is services. Where are the service opportunities in this deal?