EU Trade Agreements: Replication

Pat McFadden Excerpts

Wednesday 13th February 2019 Commons Chamber

[Dr Fox]

It seems that the country is caught between the irrational pessimism of those who fail to be reconciled to the referendum result and believe that everything to do with Brexit will be disastrous for the UK and those who are irrationally optimistic that it would be no problem whatever to leave the European Union with no deal. The truth is that we would be better off with a deal, which is why the Government want to get that deal with the European Union across the line. I still urge Opposition Members to support it. If we do not achieve it, we will end up with the uncertainties that they have identified today.

[Mr Pat McFadden (Wolverhampton South East) (Lab)]

As the Secretary of State rails against irrational pessimism, I assume that he will tell us that the rest of the world is looking at the United Kingdom right now and saying that Brexit is a great example that it must follow.

I wish to go back to the point that the right hon. and learned Member for Rushcliffe (Mr Clarke) raised yesterday, which is that, under our current arrangements, UK businesses will be part of one of the biggest trade deals ever negotiated between the EU and Japan, but, under the Secretary of State’s policy, UK businesses will not be part of that agreement and we will have to start again. We are told that Tokyo’s trade negotiators are under instruction to extract every advantage possible, as we would expect them to do in a tough trade negotiation. Will he promise UK businesses that their market access to Japan under any deal that he manages to negotiate will be as good as it is under the EU-Japan trade deal, which has already been negotiated?

[Dr Fox]

As I have already said, the Prime Minister and Prime Minister Abe have both indicated that they want a close trading relationship for our countries after we leave the EU, but the Japanese Prime Minister has been very clear that he is hugely encouraging of the UK’s accession to CPTPP, which would then become a trading bloc of almost exactly the same size as the European Union itself. As for his first point, many people are looking to the United Kingdom and saying what a great example it is of democracy that a country wants to take control of its own constitutional future.