Asked by: Mary Kelly Foy (Labour - City of Durham)
Question to the Department for International Trade:
To ask the Secretary of State for International Trade, with reference to her oral contribution of 25 February 2021, what discussions she has had with Mary Ng regarding the review of procedures for the resolution of investment disputes between investors and states in the UK-Canada Agreement on Trade Continuity.
Answered by Greg Hands - Minister of State (Department for Business and Trade)
The Secretary of State is in regular contact with Mary Ng to discuss the bilateral trading relationship as well as the ratification progress in Canada of the UK-Canada Agreement on Trade Continuity. When in force, the Agreement will commit both sides to begin fresh Free Trade Agreement negotiations, which will include a comprehensive review of procedures for the resolution of investment disputes between investors and states. These discussions will enable the UK and Canada to consider dispute settlement mechanisms that are best suited to the bilateral relationship.