Free Trade Agreements 2020-09-03
2020-09-03
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Q1
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Context
UK's interest in expanding its trade relationships beyond traditional partners like the US, Japan, Australia, and New Zealand.
Mr. Longhi acknowledges his experience living and working in South America for five years and highlights the potential benefits of a free trade agreement with South American countries for high-tech manufacturing bases in Dudley and Black Country. He asks Ranil Jayawardena to update the House on discussions to open these markets.
My hon. Friend is absolutely right to raise the untapped potential of South American markets. Britain used to do more in this part of the world, so my Department is working to reignite those trading relationships through regular ministerial discussions, including with Brazil, to open up opportunities for trade. We have already secured a number of free trade agreements to ensure continuity of access for British businesses, and we are interested in further opportunities to deepen these relationships in the region, including through Mercosur.
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