Oral Answers to Questions

Sheryll Murray Excerpts

Thursday 16th June 2022 Commons Chamber

[Mr Jayawardena]

I am not going to comment on live negotiations. Indeed, we were delighted to welcome the Indian negotiators to London this week for a further round of discussions. We have been very clear that we want trade to be a force for good in the world, including green trade, which we believe can create thousands if not millions of jobs across Britain and indeed the world, and I am sure that the Indian Government would agree.

[Mrs Sheryll Murray (South East Cornwall) (Con)]

3. What steps her Department is taking to increase trade with Commonwealth countries.

[The Minister for Trade Policy (Penny Mordaunt)]

Mr Speaker, may I also associate myself with your remarks about Jo Cox and her legacy? My thoughts are with her family today.

Pre-pandemic, the combined GDP of the Commonwealth was $9 trillion, and nearly 80% of that was due to four nations: us, India, Canada, with which we are now negotiating a free trade agreement, and Australia, with which we have already secured a from-scratch FTA. With 27 economic partnerships, we intend to boost our intra-Commonwealth trade to $2 trillion by 2030.

[Mrs Murray]

In this year of the platinum jubilee, what better time could there be to cement our bond with Commonwealth countries? Does my right hon. Friend agree that this would be an excellent year to redouble our efforts to increase trade with those nations, which have such a strong history with our own?

[Penny Mordaunt]

I thank my hon. Friend for raising that. Yes, we have the jubilee, and we also have the Commonwealth games, and the Commonwealth Heads of Government meeting is approaching. It is right that we celebrate and enhance the power of our Commonwealth family. We are united in our commitment to democracy, peace and prosperity, and we will continue to work with our partners to capture the potential of the Commonwealth advantage, which on average allows for 21% lower bilateral trade costs between Commonwealth countries, compared with most non-Commonwealth countries. We should put all our weight behind maximising that.

--- Later in debate ---

[Mike Freer]

I would direct the hon. Lady’s businesses to contact the export support service, which provides practical assistance in overcoming particular issues. On top of that, we also have the internationalisation fund, the shared prosperity fund and the trade access programme. Picking on one pot that is no longer available misses the point. A whole range of financial support pots are available to businesses. If she would like directions to those pots, I am more than happy to write to her.

[Mrs Sheryll Murray (South East Cornwall) (Con)]

Will my right hon. Friend update the House on post-Brexit trade opportunities?

[Penny Mordaunt]

Obviously, we have agreed an enormous number of trade agreements, including several from scratch. We have a new export strategy and more support for British business; we have a new export finance mission; we are an Association of Southeast Asian Nations dialogue partner; we have a voice back at the World Trade Organisation; we have created the Trade Remedies Authority, to help support our own economic interests; we have set our own global tariff regime; we have streamlined nearly 6,000 tariff lines, lowering costs for business, and scrapped thousands of unnecessary tariff variations; we are creating a single trade window; we will have the most effective border in the world by 2025; and Mr Speaker will be very pleased to hear that we are bringing forward measures to ensure that cat fur products are not allowed to be traded. All this is in addition to blue passports and the prospect of the crown stamp on a pint of English beer.