Oral Answers to Questions Debate
Full Debate: Read Full DebateTom Randall
Main Page: Tom Randall (Conservative - Gedling)Department Debates - View all Tom Randall's debates with the Department for International Trade
(3 years, 6 months ago)
Commons ChamberI repeat my offer to have a look at the specifics, of course. The UK Government take all such accusations, allegations or reports extremely seriously. When it comes to Malaysia joining CPTPP, they have signed and it is up to them to ratify. The UK is not currently a member of CPTPP so it is not up to us who joins it at the moment, but I remind the hon. Gentleman that CPTPP does include a comprehensive labour chapter that ensures that the parties protect and enforce labour rights, improve working conditions and strengthen co-operation on labour issues, all of which would be very helpful in the sort of cases that he is talking about.
At the May Trade Ministers’ meeting, we committed to a global trading system with open markets that are not undermined by unfair trade. We agreed to work together to reform the global trading system to be free and fair for all.
I thank my right hon. Friend for the work that she is doing to improve global trading. Does she agree that the international community needs to get tough on China and improve the reputation of global trading?
My hon. Friend is right that we need to tackle unfair market practices, such as subsidies by state-owned enterprises in industries such as steel and aerospace. On Tuesday, I met my US counterpart, Katherine Tai, and we agreed to work together on this issue.
HSBC is an extremely important company and employer in this country. I do not have a problem with Ministers meeting HSBC, let us put that on the record. The hon. Gentleman will also be aware of the very strong action we have taken in relation to China and the measures announced by the Foreign Secretary in this House in January in relation to supply chains in Xinjiang and actions in Hong Kong, which had broad agreement across the House. We will continue to make vigorous representations in relation to China, and we are monitoring the situation very closely.
My hon. Friend is absolutely right. Services are 80% of the UK economy. We are the world’s second largest exporter of services, and a huge number of those are digitally enabled. The digital economy agreement between the UK and Singapore will be a model for global digital trade rules, and I met Singapore Minister Alvin Tan just yesterday to discuss it. Singapore is a global leader in this area. We are looking forward to signing an excellent agreement with Singapore.