argyrotsipi/train-dataset huggingface dataset:
EU Membership: Economic Benefits — House of Commons, 2016-06-15
Topic: Foreign Trade
Peter Lilley (Conservative, Centre-right): It is a great pleasure—a nostalgic pleasure—to follow the right hon. Member for Sheffield, Hallam (Mr Clegg). He reiterated the fears he first enunciated in relation to our leaving the exchange rate mechanism, and those fears proved to be wrong. He next enunciated those fears in relation to our not joining the euro, and they proved the reverse of the truth. It is nostalgic to hear him recycling his damaged goods again today It is even more of a pleasure to follow my right hon. Friend the Member for Wokingham (John Redwood). He and I worked together at the Department of Trade and Industry. I think I am the only serving Member of Parliament, apart possibly from the right hon. Member for Sheffield, Hallam, who has experience of successfully negotiating an international trade deal and of introducing, with my right hon. Friend the Member for Wokingham, the single market programme into this country We have that experience, and I want to apply it to some of the arguments because on this issue, as on most issues, I find that when we in politics do not have that experience, we simply adopt the most plausible argument that supports our case. By and large, that is what happens on matters of trade and economics in this House, because there is so little experience of them. In a way, I am a member of an endangered species as one of the few Members who has such experience Let me first take the very idea that trade agreements are necessary and essential for trade. I hate to say this, because I have a vested interest in claiming to have experience of these things, but trade agreements are less important than people imagine. That is particularly the case for agreements between developed countries, largely because of the success of the Uruguay round, which brought down tariffs between developed countries to negligible levels. The average WTO tariff that would apply to British exports to the EU, in the almost inconceivable circumstance of our having no free trade agreement with it, would be 2.4%. It is better not to have it and I would rather not have it, but compared with the movements in the exchange rate, it is negligible or much less important than it is made out to be. The only important trade deals are those with fast-growing markets in Asia, Latin America and Europe that still have high tariff levels, and we ought to be looking to negotiate trade deals with those markets.
EU Membership: Economic Benefits — House of Commons, 2016-06-15
Topic: Foreign Trade
Robert Alexander Stewart (Conservative, Centre-right): I entirely agree with everything my right hon. Friend has said. We have not so far discussed the fact that people want our market just as much as much as we want their market. It takes two to tango in any trade deal, and trade deals will go on regardless.
EU Membership: Economic Benefits — House of Commons, 2016-06-15
Topic: Foreign Trade
Peter Lilley (Conservative, Centre-right): My hon. Friend is absolutely right. Trade deals take place because they are in the mutual interests of both parties; they are not military conflicts. They take place between two parties, like trade itself A very plausible but incorrect argument is that trade agreements always take a long time. When the Secretary of State for Foreign Affairs was asked whether Ministers had done any study of trade agreements, he sidestepped the question. A freedom of information request has actually revealed that neither the Treasury nor the Government have done any study of the trade agreements about which they talk so knowledgeably. However, such studies have been done. I refer to the study by Professor Moser of the Centre of European Union Studies in Salzburg of every single trade agreement in the past 20 years. There are 88 of them. They took an average of 28 months, but the time for each varied greatly. The deals that took a long time were those that involved lots of countries, which certainly concurs with my experience. Of course, by definition any EU treaty involves 28 countries and takes a long time, because all 28 have vetoes. A lot of EU treaties are being held up now, but bilateral treaties take less than that average of 28 months. We should not start deluding people into thinking that it will take a long time to negotiate bilateral deals with countries that already have bilateral deals with Switzerland, for example. The right hon. Member for Sheffield, Hallam asked rhetorically whether anyone was queueing up for trade deals with us. Well, look not for what they say but what they do. Switzerland has trade deals with countries whose total GDP is four times that of the countries with which the EU has trade deals. Chile has trade deals with countries whose collective GDP is even bigger. Switzerland has a trade deal with China. We are told that it is a bad deal for Switzerland, but clearly the Swiss did not think so. The Swiss published the details of the deal online; Members can look at it themselves. By the time the EU even gets around to negotiating a trade deal with China—which by the way will never succeed because the EU will always insist on human rights terms the Chinese will not accept—the Swiss will have zero tariffs on the vast majority of their exports to China.
EU Membership: Economic Benefits — House of Commons, 2016-06-15
Topic: Foreign Trade
Mark Andrew Pritchard (Conservative, Centre-right): My right hon. Friend is a distinguished former Trade Secretary so knows what he is on about. We come from different sides of the debate on this issue, but does he—with all his experience and wisdom, and all his contacts both in the Commonwealth and the European Union—accept this point? Brexiteers invoke the Commonwealth leaders as wanting to do business with Britain whether we are in or out of Europe. Is it not the case that Commonwealth leaders want a trade deal with the whole of Europe, not just with the United Kingdom?
EU Membership: Economic Benefits — House of Commons, 2016-06-15
Topic: Foreign Trade
Peter Lilley (Conservative, Centre-right): They probably want trade deals with whoever they can negotiate sensible ones with, if they are sensible. They will not say that it is either/or; they will want a trade deal with us, because we are the fifth biggest economy in the world, and they will probably also want a trade deal with the EU. They will find, however, that that deal takes a very long time because all 28 countries will have to agree to it first It is often suggested that the EU will get better deals because it is bigger. Actually, not only is it more complicated to do those deals with lots of countries, and so takes longer, but the result is worse and less comprehensive, because there are 28 times as many exceptions and exclusions. They are even less likely to be in the UK’s interests, as we can see from what has happened so far. A third of the trade deals that the EU has negotiated with other countries do not include services. As has been repeatedly stated, services are very important to this country, but they are less important to the rest of the EU, so it does not bother to include them in the deals. Switzerland also attaches great importance to exporting services, so more than 90% of its trade deals include them—as of course would ours if we were independent and making our own deals.
EU Membership: Economic Benefits — House of Commons, 2016-06-15
Topic: Foreign Trade
Peter Lilley (Conservative, Centre-right): That is a very good point that I was going to come on to. It takes quite a long time for the EU to negotiate a trade deal with Canada, for example, because each country has tariffs against the other, and different product specifications and so on. Each has to trade off, say, a cut in tariffs on steel against one in tariffs on leather goods. We can see how that could take a long time, particularly if there is not much enthusiasm for it. We would start negotiating with the rest of the EU with zero tariffs on both sides and with common product standards. Zero to zero can be negotiated in a fairly short space of time, I would have thought, compared with the time needed when 10,000 different tariff lines are involved, as in other tariff agreements. It should not take long to negotiate a continuing free trade deal, with good will on both sides.
EU Membership: Economic Benefits — House of Commons, 2016-06-15
Topic: Foreign Trade
Peter Lilley (Conservative, Centre-right): I am afraid the hon. Gentleman has burned his boats Another myth, which I am afraid has been proffered by my right hon. Friend the Foreign Secretary, is that we will need to renegotiate trade agreements with all the countries with which the EU currently has trade agreements. That is not the case. There is an accepted principle in international law called the principle of continuity: if a political unit splits into parts—as the Soviet Union or Czechoslovakia did, for example—the component parts continue with the same agreement unless one party objects to it. There is absolutely no reason to suppose that the countries with which we are currently party to free trade agreements will want to end those agreements when we leave. For example, when the Soviet Union broke up it was not a member of the WTO, so had traded under separate trade agreements with other countries. Those trade agreements migrated by agreement, so that within weeks even America had migrated its agreement to Russia and other successor states. There is absolutely no reason—
EU Membership: Economic Benefits — House of Commons, 2016-06-15
Topic: Foreign Trade
Peter Lilley (Conservative, Centre-right): I am sorry, but I am under pressure to finish I will say one final word, on the single market. It is often talked about as some arcane inner sanctum. It is simply the European market. It is like the American single market. We have no agreement with the American single market, and are not members of it; none the less, America is our biggest trading partner nationally in the world. The introduction of the single market consisted simply of standardising the product specification, so that instead of having to have 28 different ranges of refrigerator, lawn mower or whatever, we have one That is very sensible. It is also just as much of an advantage to an exporter from outside the EU exporting refrigerators or lawn mowers to it as it is to member states within it. In fact, others outside the EU have taken more advantage of it than we have, and their exports have gone up more than ours, perhaps because they have to bear the burden of EU regulations only on those aspects of their activities carried out within the EU, not on 100% of their firms. That is another aspect of the benefits we would get from leaving, along with our ability to negotiate free trade agreements with the fast growing but protected markets of the world on which our children’s futures will depend.
EU Membership: Economic Benefits — House of Commons, 2016-06-15
Topic: International Affairs
William Nigel Paul Cash (Conservative, Centre-right): In a minute, but not now People fought and died for the right to govern themselves, and everything else depends on that, including the economic arguments. I urge the British people to consider the consequences for future generations if we get this wrong and vote to stay in the European Union. As a result of successive leaderships since 1972, we have given away more and more of our powers to govern ourselves If I may say so, I predicted the consequences of that in a book in 1990, at the time of the Maastricht treaty. I said there would be protests and riots throughout Europe, and massive unemployment. I said there would be recession and waves of immigration. I said there would be breaches of the rule of law and the rise of the far right. I was concerned about those things then and I remain concerned about them now. The direction in which the European Union is being taken is putting the United Kingdom—our voters, our people—in the second tier of a two-tier Europe dominated increasingly, through the eurozone, by the excessive economic nationalism of the German system of economic government Members must bear in mind that the consequences of the single market are demonstrated by what I said earlier in an intervention: we run a trade deficit, or loss, with the other 27 member states of £67.8 billion a year. That has gone up by £10 billion in the past year alone. Our trade surplus with the rest of the world has gone up by about £10 billion in this year alone to £31 billion. European growth is going down—that is the trajectory of our capacity to have growth and jobs for the young people of this country. In Europe as a whole, youth unemployment in certain countries is as much as 60%. That is a complete disgrace In contrast, the German trade surplus with the same 27 member states is running at £81.8 billion and has gone up by as much as £18 billion in the past year alone. That trajectory is what the third-rate so-called economists are ignoring. They are the ones who got it wrong over and over and over again: they got it wrong over Maastricht, they got it wrong over the euro and they got it wrong over the exchange rate mechanism. I listened to the absolutely absurd nostalgic nonsense of the right hon. Member for Sheffield, Hallam (Mr Clegg). It is evident that those who got it wrong are trying yet again to mislead people.
EU Membership: Economic Benefits — House of Commons, 2016-06-15
Topic: Foreign Trade
William Nigel Paul Cash (Conservative, Centre-right): I can say that I do know. I know because I look at the facts as they are now. The facts I have just given demonstrate that inside the single market we run a monumental trade deficit, while we have an enormous and growing trade surplus with the rest of the world. That surplus is the future. That is the vision. That is the means by which we will get jobs and ensure the future of our children and our grandchildren To conclude, it is very simple: this is about who governs us. If we get this wrong, we will not be able to organise and establish a democracy in this country, which is what people fought and died for in not just one world war but two.
EU Membership: Economic Benefits — House of Commons, 2016-06-15
Topic: Agriculture
Sheryll Murray (Conservative, Centre-right): I want to make a short contribution about the effect of the EU on the economic viability of our fishing industry and to congratulate the fishermen who have taken part in the flotilla on the Thames today to make sure we hear where they stand Our fishing industry is a ghost of its former self. Before we joined the EU, we had a successful, viable fishing industry all around the coast. I remember seeing fishing boats in south-east Cornwall moored three or four deep along the quayside. I do not see that today. Although fishing is no longer the largest employer in Looe—tourism is—people come to traditional fishing towns and expect to see fish being landed. A highlight they often mention is tasting fish and chips from one of the award-winning restaurants or buying fresh catch from fishmongers such as Pengelly’s in Looe. Where would tourism be without our fishing In 1971, just before we joined the EU, we had a thriving fishing industry bringing home millions of tonnes of fish and directly employing over 21,000 people. Last year, it caught about 600,000 tonnes and employed under 12,000 fishermen. According to a report co-ordinated by the New Economics Foundation, there was a 12% fall in the number of fishermen between 2003 and 2013. My late husband, Neil, was one such fisherman. He was forced to fish alone on his boat as a result of economic pressures arising from reducing quotas while still trying to meet the costs of increasing insurance, harbour dues and landing charges, not to mention repair costs and gear replacement The report attributes the decreasing employment to a decline in the number of vessels owing to the forced scrapping imposed by successive Governments to meet the artificial targets from the European Commission and to vessels investing in new technology—the latter might be true for larger vessels, operating with several deckhands, but is certainly not the case for small fishermen like Neil. It was a simple economic decision taken because he often could not land and sell the fish that swam into his net. The report also says that the trend of declining numbers of fishing vessels and fishermen is likely to continue The report does not mention the declining fish quotas that the EU sets each year. Haddock is just one example. The UK gets 10% of the total allowable catch, while France gets 70%, and the same applies to many other species in many other areas. Would hon. Members go into a bank alongside a French person, each of them with a bundle of notes to the value of £70, and throw £60 into the wastepaper bin, while the French person invests it all? That is effectively what fishermen in Looe are being forced to do today because of the quota share-out agreed by the EU in 1983 known as "relative stability".
EU Membership: Economic Benefits — House of Commons, 2016-06-15
Topic: Agriculture
Sheryll Murray (Conservative, Centre-right): My hon. Friend makes a good point, and I will come to it in a moment I will not get into arguments with those who want to remain, further sacrifice this great industry and abandon the economic wellbeing of our coastal fishing towns, which would be disproportionately affected. I cannot say that Neil died as a result of the common fisheries policy, but I can say that it contributed to the economic pressure he felt when deciding to fish alone. We talked about it and decided that it was better that he work alone in less rough water than work in storms to provide for two families I say we throw our fishermen a lifeline. Our Fisheries Minister has been to Brussels and seen for himself how little he can deliver through horse trading in the Council of Ministers over proposals put forward by the unelected European Commission. I say, in response to my hon. Friend the Member for Beckenham (Bob Stewart), that if we vote to leave, the Minister could make the decisions that apply to fishermen in the UK’s 200-mile median line limit As someone who has lived and breathed the UK fishing industry for 30 years, I say there are no economic benefits to UK fishermen from EU membership. About 92% of UK fishermen are calling for the UK to leave. I say we throw them a lifeline, vote to leave and take back control of our 200-mile line—80% of the total EU pond. We would not necessarily have to say to member states, "You can’t come and fish in our waters", but it would be on our terms, not those arising from horse trading among 28 states sitting around the EU table debating proposals from the unelected, appointed, bureaucratic European Commission in Brussels.
EU Membership: Economic Benefits — House of Commons, 2016-06-15
Topic: Foreign Trade
Robert James MacGillivray Neill (Conservative, Centre-right): A few moments ago, my hon. Friend the Member for Stroud (Neil Carmichael) made a passionate and magnificent speech in support of our membership of the European Union. He and I have been on the same side on this matter for many years, and I endorse every word that he said Let me begin by referring, like the hon. Member for Copeland (Mr Reed), to matters that particularly affect my constituents. The largest employment sector in Bromley and Chislehurst, in Greater London, is its business and financial services sector. According to the Office for National Statistics business and employment survey, 32.4% of my constituents and their families work in that sector. It is critical to their local economy—and that is leaving aside all the jobs in the supply chain that result from the income that it provides. It is crucial to the London economy, which benefits the whole of the United Kingdom. Leaving the European Union would, without question, damage the interests of the financial services industry, in which Britain is a world leader. This is an issue in which I have taken some interest in my capacity as secretary of the all-party parliamentary group on wholesale financial markets and services We have a winner here, and we have an opportunity not just to make it survive, but to make it better and stronger in a reformed European Union. That is why, when I intervened on the Foreign Secretary’s speech, I wanted to stress the importance of the Prime Minister’s renegotiation achievements. There were two key achievements. First, there was the commitment that British financial firms based here in the UK, and therefore outside the eurozone—of which we will never be members: we will never be subject to its internal governance rules or their bail-outs—will none the less have the significant advantage of being able to trade freely within the eurozone and the rest of the single market. That puts us in a unique position which no other free trade agreement replicates If we add to that the commitment in that renegotiation to completion of the capital markets union, that gives us a double opportunity to push forward in this area, at which we excel. It would be lunacy to walk away from that opportunity. Of course the Prime Minister is right to say we could survive outside the EU; London and the financial services industry, and my constituents, would survive, but I believe there is a real risk that they would be impoverished and I see nothing patriotic in running the risk of impoverishing my constituents or the people of this country.
EU Membership: Economic Benefits — House of Commons, 2016-06-15
Topic: Macroeconomics
Alexander John Gervase Chalk (Conservative, Centre-right): My hon. Friend is making a powerful speech and makes an important point about patriotism. Does he agree that key to Britain’s national security is our economic security, and at a time when as a nation we are still borrowing as a nation more than the entire defence budget we need every single penny of public revenue to ensure our economy is strong, our finances are strong and our country is strong?
EU Membership: Economic Benefits — House of Commons, 2016-06-15
Topic: Macroeconomics
Robert James MacGillivray Neill (Conservative, Centre-right): My hon. Friend is absolutely right. The economic interest is a national strategic interest of the United Kingdom. It is a damaging thing to this country for anyone to put that at risk; there is nothing patriotic in that.
EU Membership: Economic Benefits — House of Commons, 2016-06-15
Topic: International Affairs
Robert James MacGillivray Neill (Conservative, Centre-right): I would not like to speculate as to the motives of those who, sometimes from genuine belief, but maybe sometimes from cynicism, want this country to leave the EU. The hon. Gentleman is right, however, that the issue was debated then. He and I can remember it—we both voted in that referendum, I suspect. Of course the EU needs reform, as everybody has said, but any businessperson will tell us, "You don’t walk away from a major market that you’re in just because it isn’t perfect; you stay in there, you negotiate your trade and you make the market work better for you." That is basic common sense, and frankly I am amazed and mystified that some people who really ought to know better cannot get that.
EU Membership: Economic Benefits — House of Commons, 2016-06-15
Topic: Foreign Trade
Victoria Mary Boswell Prentis (Conservative, Centre-right): My hon. Friend is making a passionate speech about various areas of the economy. Has he considered how leaving the EU might affect manufacturing industries, including a company in my constituency that has today told me that it has written to its employees to implore them to vote to remain?