Oral Answers to Questions

Michael Fabricant Excerpts
Thursday 15th July 2021

(3 years, 4 months ago)

Commons Chamber
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Ranil Jayawardena Portrait Mr Jayawardena
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Again, the question seems to have been asked and answered already. The comprehensive and progressive agreement for trans-Pacific partnership has a comprehensive labour and workers’ rights chapter, and I would have thought that the people of Preston would welcome the fact that the CPTPP offers Britain access to two thirds of the world’s middle classes by 2030.

Michael Fabricant Portrait Michael Fabricant (Lichfield) (Con)
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What plans she has to enhance the UK’s trade deal with Israel following her recent visit to that country; and if she will make a statement.

Scott Benton Portrait Scott Benton (Blackpool South) (Con)
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What plans she has to enhance the UK’s trade deal with Israel.

Elizabeth Truss Portrait The Secretary of State for International Trade (Elizabeth Truss) [V]
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We have a strong bilateral trade relationship with Israel worth £5 billion a year. On my recent visit to Israel, I discussed our ambitions for a new free trade agreement to create further opportunities for British business.

Michael Fabricant Portrait Michael Fabricant [V]
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My right hon. Friend will know from her visit to Israel that it has the highest number of high-tech start-ups in the world. Moreover, the latest Intel chips in all our computers were designed in Israel by Intel. Does my right hon. Friend have any plans to enhance the trading relationship in high-tech products with the state of Israel?

Elizabeth Truss Portrait Elizabeth Truss
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My hon. Friend is completely right. The UK and Israel are both leaders in technology, from agri-tech to gaming to med-tech, and there are huge opportunities for us to work together. What we will be seeking in the new trade deal with Israel is an advanced digital data and technology chapter that looks to the industries of the future to give both countries more opportunities.