Trade Barriers

Answer from Greg Hands

In the past financial year, we have resolved 192 individual trade barriers in over 70 countries. Forty-five of these alone are estimated to be worth around £5 billion to British businesses over the next five years. The Department is working tirelessly to remove the most prominent bilateral trade barriers—work that has the potential to deliver £20 billion-worth of opportunities for businesses across the entire UK.

Answer from Greg Hands

First, I commend my hon. Friend for his work as a former Minister at the Department. He will be delighted to know that we have increased the number of countries with which we have a free trade agreement to 71, in addition to the European Union itself. We had our first ministerial joint economic and trade committee with Thailand in June, and we have agreed to deepen our trade relationship by developing an enhanced trade partnership. There are no current plans in place for an FTA, but this enhanced trade partnership could be the first step in laying the foundations for a potential FTA in the future.

Answer from Greg Hands

My hon. Friend is always looking for opportunities for Blackpool businesses and his constituency. He is right: the UK is negotiating an ambitious trade deal with the Gulf Co-operation Council, and an FTA is expected to boost trade between our economies by at least 16%. We also engage bilaterally with GCC countries. For example, a key recent success was being able to get Holland & Barrett vitamin and food supplements into Qatar, which was worth an estimated £250,000.

Answer from Greg Hands

My hon. Friend hits the nail on the head when he talks about the importance of the services sector. Services are 80% of our economy. We are the world's second largest services exporter. I used to sit at the EU Foreign Affairs Council on trade, and it was often difficult to get the EU to focus as well as it might have done on services possibilities. We now have an independent trade policy, which allows us to give services the focus that UK service companies and service providers deserve, and financial services are very much at the heart of that. We always make sure that our services offer is right at the forefront of our FTA talks and other bilateral trade talks.

Answer from Greg Hands

In successive Government positions, I have always noticed how diverse the businesses are in my hon. Friend's Rugby constituency, right at the very industrial heartland of this country. He is right to raise the matter of trade with China. The UK engages with China. We remain open to Chinese trade and investment, while ensuring that robust protections are in place to safeguard the UK's prosperity, values and security. He raises the issue of GE. We are engaging DIT officials based both in the UK and in China and already engaging with GE.

Answer from Greg Hands

I am delighted that the hon. Gentleman has raised that. He has pointed out the fact that we have done trade deals with 71 countries plus the EU, and that that is about £800 billion-worth of trade with those countries. He may have done this inadvertently, but he draws attention to the fact that the Labour party has failed pretty much to support any of the deals that he is quoting. It abstained on the Japan deal. It abstained on the Australia and New Zealand deals. I bet the right hon. Member for Torfaen (Nick Thomas-Symonds) did not mention that to the Australian Trade Minister when he saw him last week. According to his Twitter feed, the party split three ways on Canada. It has failed to support any of these trade deals over the years. It is a bit rich of the party to raise it now.

Answer from Greg Hands

I do not resile from the fact that we have concluded free trade agreements with 71 countries plus the EU. I notice, of course, that he voted against the EU deal, preferring no deal.

Answer from Greg Hands

The Northern Ireland protocol is an active area of negotiation between my colleagues at the Foreign Office and the Commission. We recognise that the Northern Ireland protocol is not working for the people of Northern Ireland, but a resolution will be seen in due course.

Answer from Greg Hands

I am immensely proud of our teams negotiating free trade agreements with more partners than any other country in the world. I look forward to the day when perhaps the Labour party and Opposition parties might start supporting these deals.