CPTPP: Conclusion of Negotiations

Paul Bristow Excerpts

Monday 17th April 2023 Commons Chamber

[Madam Deputy Speaker (Dame Eleanor Laing)]

The prize for patience and perseverance goes to Paul Bristow.

[Paul Bristow (Peterborough) (Con)]

Thank you, Madam Deputy Speaker. I remind the House that I serve as the chair of the all-party parliamentary group on Canada, Australia, New Zealand and the UK. CPTPP will bring the UK into an exclusive global free trade bloc with Canada, Australia and New Zealand, on top of individual trade agreements of varying depth with each country. Free trade co-ordination between Canada, Australia and New Zealand and the UK is one of the three key aims of the CANZUK campaign. Does the Minister agree that this alliance is another step closer to what is, I believe, the desirable outcome of stronger economic, diplomatic and cultural ties between all CANZUK countries?

[Kemi Badenoch]

My hon. Friend is absolutely right. He makes the point very well that CPTPP comes on top of bilateral trade agreements. There are many assumptions that if there is already a bilateral deal, there is no additional benefit from CPTPP, but that is definitely not the case—there is an additional benefit of having a broader market. I talked about the rules of origin and being able to use components from different countries, but he is right about the geopolitical perspective and how we can look at our security, and at our economic security in particular. We can look at things such as critical minerals, where we have just signed a memorandum of understanding with Canada, and the supply chain there. There is a lot of good work being done to help integrate us with like-minded partners around the world.