Oral Answers to Questions

Stephen Morgan Excerpts

Thursday 10th June 2021 Commons Chamber

[Anna McMorrin (Cardiff North) (Lab)]

What her Department’s trade priorities are for the upcoming G7 summit.

[Stephen Morgan (Portsmouth South) (Lab)]

What her Department’s trade priorities are for the upcoming G7 summit.

[The Secretary of State for International Trade (Elizabeth Truss)]

Happy birthday, Mr Speaker; I am sorry that I did not mention it earlier.

--- Later in debate ---

[Elizabeth Truss]

I refute what the hon. Lady just said. We have changed the rules that govern UK Export Finance to make sure that it is focused solely on financing clean-energy projects, and that is alongside other measures that support our zero-carbon objectives. We are also working hard at the World Trade Organisation and through the G7 to make trade greener and to make sure that zero carbon is part of how the global trading system works.

[Stephen Morgan]

Labour has backed an intellectual property waiver on vaccines to help with the pandemic in the poorest countries. The US agrees, as do the majority of world leaders, but the UK remains steadfastly against the plan. With the G7 giving us the opportunity for breakthrough this weekend, will the Secretary of State tell us why she will not support this life-saving initiative?

[Elizabeth Truss]

I am very proud that the UK Government funded research into the Oxford-AstraZeneca vaccine, which is now producing 98% of the 49 million covid vaccines delivered right around the world. We have played a leading role in that. I am interested in practical measures that have real effect, such as voluntary licensing agreements. If there is any evidence that intellectual property waivers could help, I am all ears and interested to hear it, but we cannot have a regime that destroys intellectual property rights and ends up stopping future innovation.