Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign and Commonwealth Affairs, what assessment he has made of the effect on the economies of Commonwealth states of the UK's decision to leave the EU.

My noble Friend, The Rt Hon. Baroness Anelay of St Johns, Minister for the Commonwealth, has recently recently met a range of Commonwealth High Commissioners to hear their views on challenges and opportunities for Commonwealth countries following the EU referendum result. I have also discussed the issue with Ministers from a range of Commonwealth countries in Asia and the Pacific. Some voiced understandable concerns and uncertainty, including around impact on areas like EU development assistance. However, many saw opportunities following the decision, particularly in the areas of trade and stronger relations with the UK. We will continue to be a strong and energetic global advocate for Commonwealth interests, including with European allies. The Government's aim is that our departure from the EU should cause as little disruption as possible for all our trading partners. Leaving the EU will allow the UK to develop new economic relationships and Commonwealth countries will form a key part of our work in this regard. We will be co-hosting with Malta the inaugural Commonwealth Trade Ministers' meeting in London next year. This is an excellent opportunity to discuss how we can increase cooperation. Boosting trade and investment across the Commonwealth will be crucial to achieving the UN Sustainable Development Goals.