(6 years, 5 months ago)
Commons ChamberWhat representations has my right hon. Friend made to China with regard to tackling the global overcapacity of steel?
As I have said, through the work that we are doing multilaterally, there are currently 28 outstanding recommendations that we expect China to apply. The Prime Minister raised this matter on her recent visit to China, and we are continuing the conversation. We understand China’s need for the production of aluminium and steel for export and for its domestic use, but if we are going to have a rules-based system, the rules need to be obeyed. They also need to be transparent, and we need to have sufficient information to determine whether the WTO rules are still effective.
(7 years, 1 month ago)
Commons ChamberThe hon. Member for Ilford South (Mike Gapes) does not look worried at all; he looks in a state of high contentment that the Secretary of State agrees with him. Anybody would think, as far as the hon. Gentleman was concerned, that Christmas had come early, but I suppose it is always rather good when people agree with one.
Will my right hon. Friend please tell the House whether, in his view, the High Court had before it all the information it needed to reach the judgment that has been handed down today?
(7 years, 1 month ago)
Commons ChamberWe have made it clear all along that we intend to have maximum consultation and collaboration in that area and, to emphasise the point, in our manifesto we set out a plan to create a new board of trade, which will ensure that trade and investment is equally spread, as far as we can, across all parts of the United Kingdom—the devolved Administrations, as well as the English regions.
T3. As well as an economic opportunity, there is a moral opportunity in trade with the developing world. Will the Secretary of State please tell the House what steps he is taking to support trade with developing countries?
We have made it clear that, post Brexit, we will continue with duty-free access for the least-developed countries, but we need to see whether we can go further and reduce some of the burdens, particularly as we leave the customs union and are outside the common external tariff, by stopping the distortions on value added, which diminish the chance of investment in some of those developing countries.
(7 years, 6 months ago)
Commons ChamberI launched a trade policy dialogue with the New Zealand Trade Minister last October to consider how we can strengthen our economic ties. Last month, my right hon. Friend the Prime Minister met the Prime Minister of New Zealand and agreed that preparatory work should be undertaken on the potential for an ambitious new free trade agreement between the UK and New Zealand, once the UK leaves the European Union.
I very much agree. The UK exported over £1.2 billion-worth of goods to New Zealand last year, and opportunities for our rural businesses and farmers will be a very important part of our work as we take forward the dialogue with New Zealand, which I intend to visit over the summer months.
This year the British New Zealand Business Association, which exists to develop trade between our two countries, reaches its centenary. As someone who has worked in New Zealand, I have first-hand experience of the warmth that exists between our two countries. Does my right hon. Friend agree that there is hope for, and that we look forward to, a great increase in trade between our countries in the years ahead?
I certainly hope that will be possible, given the freedom that we will have outside the European Union to negotiate such a free trade agreement. It is not just our two countries that will benefit; all countries around the globe will benefit from the new global Britain and our attitude towards global free trade, with all the benefits it brings, especially to the world’s poor.