Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what discussions he has had with the Secretary of State for International Trade on maximising regional benefits for SMEs in trade discussions and negotiations.
My Rt. Hon. Friends the Secretary of State for Business, Energy and Industrial Strategy and the Secretary of State for International Trade regularly discuss a range of issues relating to domestic and international objectives.
Trade is essential to the UK’s success in the longer-term. For example, removing trade barriers with the US through a comprehensive Free Trade Agreement could deliver significant gains to every part of the UK, especially for the 31,600 Small and Medium-sized Enterprises (SMEs) across the UK already exporting to the US and providing new opportunities to businesses and entrepreneurs.
The UK and US have set out a mutual commitment to rapidly agree a standalone SME chapter and continue the UK-US SME dialogue. We will continue to seek SME-friendly provisions throughout a UK-US FTA.