Oral Answers to Questions

Mark Pritchard Excerpts

Tuesday 23rd April 2013 Commons Chamber

[Mr Hague]

I am not going to speculate about that. We are going to make a success of negotiations between all the members of the EU, including the United Kingdom and the United States. That is our objective. As several Members have observed, this would be a transformational trade agreement, and I hope that there is a strong commitment to it in all parts of the House.

[Mark Pritchard (The Wrekin) (Con)]

I congratulate the Foreign Secretary and, indeed, the Prime Minister on their vision in trying to achieve an EU-US free trade agreement, but does the Foreign Secretary share my concern about the fact that, on occasion, the European Union is very slow to act and to make such agreements? There is still room for bilateral trade agreements through strategic partnerships between countries.

[Mr Hague]

There is no doubt that working with 27 countries on these matters can be ponderous and slow, but when it is successful, it is of enormous importance. Those are the downside and the upside of circumstances in which competence lies with the European Union. When it works, it works well. The free trade agreement with South Korea eliminated nearly 97% of tariffs, and some British businesses are now enjoying a huge increase in exports to South Korea as a result. We want to see the same thing happen on an even greater scale in relation to the United States.