Oral Answers to Questions Debate
Full Debate: Read Full DebateMatt Western
Main Page: Matt Western (Labour - Warwick and Leamington)Department Debates - View all Matt Western's debates with the Department for International Trade
(4 years, 5 months ago)
Commons ChamberI absolutely agree with my hon. Friend. He does an excellent job, for which I thank him, as trade envoy to Ghana. We see enormous potential for development and people’s life chances, particularly on the continent of Africa, in free trade between us and Africa, and around the world. Free trade is the route to prosperity, and it is the route to lift people out of poverty. This Government will always champion it for the most deprived people in the world.
The Minister has just mentioned the Department’s economic impact assessments on future trade deals with Australia, New Zealand, Japan and a CPTPP-type deal, but he will understand that a CETA-type deal—a Canada-style deal with Europe—will hit our economy by 6.2%. To what extent does he believe that the trade deals done with Japan, Australia, New Zealand and so on will compensate for that huge loss to our economy?
We do not see these things as mutually exclusive. We are now going to be an independent sovereign nation, seeking free trade agreements around the world, liberating British business, with the opportunity to tap in to some of the fastest-growing economies around the world. We want a good deal with the EU and with partners around the world, to the mutual benefit and prosperity of all our citizens.