(5 years, 6 months ago)
Commons ChamberAs China and other developing countries have proved so much over the last decades, the real key to unlocking people’s potential and eliminating poverty is, of course, through economic development, and trade is central to that. The great benefit of trade, and of free trade in particular, is that it unlocks the potential not just for consumers and businesses in developing countries but for countries such as our own, too. That is why our programmes in Ethiopia, Bangladesh and, more recently, Jordan are heavily focused on trade.
Is my right hon. Friend aware that a number of local companies in Southend are very keen to be involved in trade and development, including Borough plating and Jota Aviation? Does he see any further business opportunities once we have left the European Union?
First, I pay tribute to those businesses in my hon. Friend’s constituency. It is incredibly important that, through every bit of Government policy, we support small and medium-sized enterprises in Britain. There is huge potential around the world. I would just warn, however, when people start talking about a no-deal Brexit, that we need to be very careful in specifying what kind of tariff levels people are talking about and with whom they are negotiating, because certainly farmers in my constituency, the automotive sector and the aviation sector will suffer terribly if we end up with the wrong arrangements.