Transatlantic Trade and Investment Partnership

Owen Thompson Excerpts

Thursday 10th December 2015 Commons Chamber

[Peter Grant (Glenrothes) (SNP)]

Like most of the other speakers in this debate, I am instinctively in favour of trade. Scotland has got a fantastic story to tell given the world-class quality of so many of our goods and services. We want to be able to sell them around the world, and I think that those around the world want to be able to buy them without restrictions. We should instinctively support the principle of free trade, but completely unregulated free trade is not an unmixed blessing.

We have to ask ourselves who ultimately free trade is there to benefit. Is it there to benefit a handful of major corporations, is it there to benefit a handful of well-placed people with the ear of particular Governments, or is it there to benefit the citizens who produce the wealth for all those businesses? I know where my loyalties would lie, and at the moment I am not at all convinced that free trade as envisaged in TTIP is going to give the benefits to the correct place.

We should remember that what we are being asked to agree today is not that TTIP is a good idea or a bad idea, but that TTIP should, before being set in law, be brought back and properly scrutinised and debated in this Parliament, and I would argue in the Parliaments of other EU member states as well. I find it ironic that the party whose leader is going around Europe right now arguing for better protection for the alleged sovereignty of this place in dealings with the EU also seems to be saying to us that we can trust EU officials to sign us up to trade deals and we do not need to bring the deal back to this Chamber or anywhere else in this place for it to be considered and scrutinised. Yes, there will eventually be a binding vote in the European Parliament, but there should be a proper, well-informed debate and a vote in this Parliament at the very least to give a clear indication to UK MEPs as to how we would like them exercise their vote.

[Owen Thompson (Midlothian) (SNP)]

Does my hon. Friend agree that one of the biggest concerns about the whole process is the lack of transparency? Nobody knows exactly what is happening.

[The Minister for Small Business, Industry and Enterprise (Anna Soubry)]

It is on the internet!