Oral Answers to Questions

Mary Robinson Excerpts

Thursday 20th January 2022 Commons Chamber

[Mr Steve Baker (Wycombe) (Con)]

2. What progress her Department has made on securing UK membership of the comprehensive and progressive agreement for trans-Pacific partnership.

[Mary Robinson (Cheadle) (Con)]

14. What progress her Department has made on securing UK membership of the comprehensive and progressive agreement for trans-Pacific partnership.

[The Minister for Trade Policy (Penny Mordaunt)]

We have made good progress in negotiations and we hope to have concluded them by the end of this year.

[Penny Mordaunt]

I thank my hon. Friend for the work he is doing to champion his local businesses. He is right: it is an £8.4 trillion market that we are opening up. However, this is about not only the economic benefits, but the benefits of those closer trading ties to enable people to work on problems that we are all facing around the world, in tech, the environment, healthcare and other sectors. That has got to be good for the progress of humanity as well.

[Mary Robinson]

Many people in Cheadle work in the tech sector, where jobs in digital, HealthTech and FinTech provide high-skilled, well-paid work. Given the high rate of northern unicorn start-ups, does my right hon. Friend agree that new trading partnerships can open up markets for future growth and for levelling up in the north?

[Penny Mordaunt]

My hon. Friend is absolutely right; the pay for people working in those sectors is about 50% higher than the UK average, so the more jobs we can create in those growth sectors, the better. I thank her for the work she is doing to champion her local businesses and expand those opportunities for her constituents.