(11 months, 3 weeks ago)
Commons ChamberThe CPTPP is one of the major benefits of Brexit. It has the potential to deliver billions of pounds to our economy and benefits small businesses across the UK. The deal delivers lower tariffs, reduced red tape, and cutting-edge digital provisions that directly support small businesses to trade more. It has an SME chapter committing all countries to make the agreement accessible for SMEs. I know that will be welcome news for my hon. Friend ahead of Small Business Saturday.
I thank the Secretary of State for her answer. It is great news that we are progressing membership of CPTPP and I welcome what she says about SMEs. Many SMEs will be new to exporting and need expert advice. Will she outline what particular plans there are to help small businesses?
We will ensure that our support offer for SMEs will help firms build their capability to import and export under our free trade agreements. We have started preparing for CPTPP entering into force. We will be producing written guidance on gov.uk to ensure businesses are equipped with the knowledge they need to access those opportunities. Specifically, our export support service, network of international trade advisers, export academy, and in-market support services will also help businesses to access opportunities in CPTPP markets.
(1 year, 2 months ago)
Commons ChamberWe have passed the stage where we will be making any changes; we are now trying to ratify the protocol. But the right hon. Gentleman should be reassured: the Government have always been clear that when we negotiate investment protection we do so in a way that does not hinder our right to regulate in the public interest. The UK already has investment agreements containing ISDS provisions with seven of the 11 CPTPP countries and we have never received a successful claim from any investors of CPTPP countries, or in fact investors of any other country with which we have ISDS commitments.
I congratulate my right hon. Friend on the progress made with CPTPP. Can she outline what plans the Department has to make UK companies aware of the opportunities that the agreement opens up for them?
My hon. Friend raises an important point, because most of the time, people ask me what CPTPP stands for, let alone what it is and how they can use it—[Interruption.] Well, not my hon. Friend the Member for Lichfield (Michael Fabricant). We would like to make sure that people are aware of it, so they can utilise this free trade agreement as soon as it is on our statute book and ratified across the 11 countries. That is something that our export commission and support service in the Department for Business and Trade will be carrying out, and we will also be supporting MPs in their constituencies during International Trade Week to highlight opportunities that come from all our free trade agreements.
(1 year, 4 months ago)
Commons ChamberUrgent Questions are proposed each morning by backbench MPs, and up to two may be selected each day by the Speaker. Chosen Urgent Questions are announced 30 minutes before Parliament sits each day.
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Again, I am so disappointed to hear Opposition Members never missing an opportunity to talk Britain down. CPTPP will benefit every nation and region of the UK, to the tune of billions and billions of pounds—[Interruption.] The hon. Member says that is tiny, but if we put it in his bank account tomorrow, he would probably be quite happy. We are talking about huge amounts of money and lots of jobs right across the United Kingdom. It would be great to see the Opposition support one of these deals, which will benefit their own constituents, at some point.
I join others in congratulating the Secretary of State, her predecessors and all the Ministers involved in delivering this excellent deal, which, as has been said, is really good news for the UK. It is depressing to hear Opposition Members’ comments; they clearly have little confidence in British companies. Businesses in the Yorkshire and Humber region will certainly benefit from the new deal. Will the Minister elaborate a little more on how he sees those businesses being able to take advantage of it?
I thank my hon. Friend for his work in championing international trade over many years. He is right that signing this deal and other deals is one thing, but we must ensure that businesses are aware of the opportunities. Therefore, we will be, and are already, working through export support services, trade advisers and other programmes to ensure that we take full advantage of the opportunities available. We want businesses large and small, some of whom have probably never exported before, to realise that there is a whole world of opportunities out there in the EU, but also way beyond that.
(1 year, 6 months ago)
Commons ChamberThe hon. Lady will know that I was not privy to those conversations. If she writes to me with the specifics, I should be able to provide an answer. What we have talked about changing is the bureaucracy around reporting, and that does not sound like what she raised.
As a committed Brexiteer, and having voted in the 1975 referendum to leave the European Economic Community, as it then was, I want to see the benefits of Brexit delivered as soon as possible. But I do recognise the concerns that have been expressed to me by businesses in my constituency, and I think the approach being taken by the Secretary of State is the best one. Could she give an assurance that if I or any Member bring forward recommendations for measures to include in the list, she will make those changes as quickly as can be arranged?
I thank my hon. Friend for his comments. That is exactly what this approach is trying to generate. We need to find the things that we know are holding Britain back, rather than just delete things because no one has found a reason to keep them. I think that if he speaks to businesses in his constituency, he will have many suggestions for measures that may require not complete revocation but reform, and if they are going to be reformed, we need to first keep them and then reform them, rather than first delete them then try to reform them. That is what this approach does.