Oral Answers to Questions

Tom Randall Excerpts
Thursday 18th June 2020

(3 years, 9 months ago)

Commons Chamber
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Graham Stuart Portrait Graham Stuart
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As I have said, I cannot comment on individual free port bids, but as I am someone who was born and brought up in Carlisle, my hon. Friend can certainly expect support and sympathy in this part of the Government.

Tom Randall Portrait Tom Randall (Gedling) (Con)
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What assessment she has made of the potential effect of future free trade agreements on the economy in the east midlands.

Ranil Jayawardena Portrait The Parliamentary Under-Secretary of State for International Trade (Mr Ranil Jayawardena) [V]
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This is an important question. Free trade agreements will certainly help Britain to bounce back from coronavirus, and will bring better jobs, higher wages, greater choice and lower prices to consumers and businesses across the country. That means that in the east midlands lower tariffs and barriers will help to diversify the supply chain and reduce reliance on any single country for businesses that seek to thrive in the new global trading network which we are going to be at the heart of.

Tom Randall Portrait Tom Randall
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I am particularly pleased that we are now finally able to open direct negotiations with some of our oldest and closest allies. Will my hon. Friend tell me what steps the Government are taking to support businesses in the east midlands to make the most of the new opportunities created by these future trade agreements?

Ranil Jayawardena Portrait Mr Jayawardena [V]
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As a newly independent trading nation, we will be able to champion free trade, fight protectionism and remove barriers at every opportunity. That includes tariffs. We will be trading on British terms with our new global tariff, which will cut red tape and cut costs for consumers and businesses in Gedling and in the region. My Department and our experienced international trade advisers will continue to support companies across the east midlands access exporting opportunities, and to provide export credit and insurance through UK Export Finance.