EU Free Trade Agreements

Tim Loughton Excerpts

Thursday 24th January 2019 Commons Chamber

[George Hollingbery]

I want to be absolutely clear with the House that although it is possible to interpret my last answer as meaning that there has been absolutely no progress on the agreements, that would be an entirely, completely and utterly unfair interpretation of where we find ourselves. There are agreements that have had initialling; there are agreements that are very close to having initialling; and there are very many agreements that we believe will have a signature at the appropriate time. There is not an agreement that has had a formal signature yet, but to focus only on that is to misunderstand, or at least mispaint, how these agreements work. I have said to the House that we believe that we will transition the majority of the agreements by exit day, which necessarily means that they will have a signature, and I have every confidence that they will.

[Tim Loughton (East Worthing and Shoreham) (Con)]

To put this into perspective, is it not right that just five countries—Switzerland, Canada, Korea, Norway and Turkey—account for three quarters of UK exports to the 70 countries that the Minister mentioned? Does he agree that it is just a little tiresome that the Opposition are always revelling in highlighting problems and it might be more constructive if they wanted rather to help to work on some of the solutions?

[George Hollingbery]

My hon. Friend is correct in his analysis of the scale of these deals, and of course we are putting the most resource into the deals of the largest size. However, I want the House to be clear that we are also signatories to a great many development agreements—EPAs. While those agreements may not be of the greatest importance to the UK economically, they are enormously important to the participant countries with whom we have signed them, and we are putting effort into making sure that they are also transitioned.