Stephen Kerr
Main Page: Stephen Kerr (Conservative - Stirling)Department Debates - View all Stephen Kerr's debates with the HM Treasury
(6 years, 5 months ago)
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Elizabeth Truss
Of course we want trade with the EU to be as frictionless as possible, but I point out to the hon. Gentleman that the UK market is worth £46 billion to the Scottish economy, and his party wants to leave that market.
Stephen Kerr (Stirling) (Con)
Given that Scottish businesses export more to non-EU countries than to EU countries, does my right hon. Friend agree that the opportunity for Scottish businesses from new trade deals is potentially that much greater?
Elizabeth Truss
My hon. Friend is right. Outside the UK, the No. 1 destination for Scottish exports is the US, which accounts for 16% of exports, and of course part of the opportunity of leaving the EU is the ability to negotiate new trade deals, such as with the US.