Tom Tugendhat
Main Page: Tom Tugendhat (Conservative - Tonbridge)Department Debates - View all Tom Tugendhat's debates with the Department for International Trade
(3 years, 10 months ago)
Commons ChamberAlthough I sympathise with the sadness of the hon. Member for Stirling (Alyn Smith) about our now having a trade border about 30 miles south of here, I see no reason why it would be improved if there was a trade border 20 miles south of Edinburgh. That strikes me as a very odd argument for free trade and for improving the lot of people in Scotland—or, as my right hon. Friend the Member for Maidenhead (Mrs May) said, the people of England. It would be a loss to us all.
In fact, free trade has enriched us all. I was delighted to hear my right hon. Friend the Secretary of State refer to Cobden, who spoke of the opportunities for us all. She also rightly spoke about the opportunities in Asia and CPTPP, and I look forward to seeing her bring back that agreement, which is important not just to us but to the Governments of Japan, Australia, New Zealand and, indeed, many others. She also spoke powerfully about the opportunities to reach into different markets in places such as India—I am sorry that the Prime Minister could not make his trip, but I welcome the opportunity to develop that market—but she did not speak about the challenge we have in trade with China. I look forward to her mentioning what she will do about the unfair labour practices we see in parts of China and the implication of that for free trade around the world, and particularly here in the UK.
Trade, of course, is not just good for the people of the UK; it is good for everyone. It is the best form of aid. While I welcome the comments of my right hon. Friend the Member for Maidenhead about the 0.7%, it is certainly true that actually investing in countries around the world would make a transformative difference. I look forward to British businesses investing heavily in Nigeria, Somalia, Somaliland, Kenya and many other places to transform lives by transforming economies.
We can have fair trade and we can have free trade, but that also depends on the rules. That great Scotsman Adam Smith spoke about the rules when he spoke about the market, because the market is nothing without the rules; it is not fair unless there are principles that underpin it. I therefore look forward to the Government taking the opportunity at G7, and indeed when they get to COP, to look at the rules that apply to us when it comes to not just the goods we speak about in the WTO but the data that we see flowing around us.
A company in the United States has just made a decision on who can and cannot communicate on its platform —most famously involving the sitting President of that country. What does that mean for the data exchanges we will have around the world? We need to be shaping those rules and setting them again. There is a huge opportunity for the UK to retake that position at the heart of the international law-based system, restate the importance of the rules in our world and be the leading light in it.