G20 and Leadership of EU Institutions

Vince Cable Excerpts

Wednesday 3rd July 2019 Commons Chamber

[The Prime Minister]

I thank my right hon. Friend for her kind words. I agree that it is important that, once we have left the European Union, we continue to have a strong and deep partnership and relationship with the European Union and obviously with the individual member states within the European Union. I believe the best way of achieving that is to leave with a good deal and I am only sorry that Parliament was not able to find a majority for that good deal. It is obviously up to my successor to find a majority in Parliament that can enable us to leave in a way that is in this country’s national interest.

[Sir Vince Cable (Twickenham) (LD)]

The Prime Minister’s statement says that

“the best way to resolve trade disputes is through a reformed and strengthened WTO”.

Is it not the case that the dispute settlement mechanism no longer works because the United States does not recognise it and there are insufficient judges, and that those who would have Britain dependent on so-called WTO rules are making Britain dependent on a very weak and damaged organisation?

[The Prime Minister]

The right hon. Gentleman is right to focus attention on the important dispute resolution mechanism at the WTO. That plays an important part in enforcing the rules the WTO has. Obviously, if appellate body member appointments continue to be blocked, that risks the effective operation of the dispute settlement system. That would not be in our interests and it would not be in the interests of any of the members of the WTO, so we are strongly supporting an informal process that has been launched by the general council at the WTO to seek a resolution to this issue of the appellate body. Proposals put forward so far by WTO members bring the right ingredients to many of the concerns raised and we are urging all members to engage constructively in those ongoing discussions.