Trade Bill — House of Commons, 2020-05-20
Topic: Foreign Trade
Antony Higginbotham (Conservative, Centre-right): I welcome the opportunity to speak in this debate, as it represents a major step forward in the UK’s journey to reclaim its role as the independent, global trading nation we all want it to be, delivering on a pledge I made to my constituents and the Government made to the country. Burnley has been a beneficiary of free trade: our largest employers include Safran Nacelles, of France, and Paradigm Precision, of the United States, and only a few weeks ago, Ultimate Visual Solutions, a local business, worked with the Department for International Trade to secure its first order in Vietnam—I am sure it will be the first of many Sadly, however, our area has lost jobs in recent weeks. Lancashire is the fourth largest manufacturing cluster for aerospace in the world, and that is one of the most global of sectors, in terms of both the supply chain and the customers it serves. The sector has been hit hard, and our challenge is to make sure that free and fair trade helps to spur our recovery on, getting the hundreds of thousands of businesses that do not currently export exporting, and generating economic growth and the jobs that go with it. I am committed to doing everything I can to make sure that is the case in Burnley. I was particularly pleased to hear the Secretary of State mention the textiles industry, as anyone who knows Burnley well will know that it was once the centre of global textiles and continues to have a thriving industry, which I know can reclaim that title once again For international trade to work, we need to ensure we have a safety mechanism—a way of dealing with those countries that say they trade freely but seek advantage through anti-competitive means. The proposal in this Bill for a Trade Remedies Authority is therefore welcome. That body will need to have the teeth required to deal with subsidies, dumping and any other measures used to distort the market As we take this step again towards being an independent, global trading nation, it is right that we also consider why trade is important, and not just why we are supporting it. The simple truth remains that free trade creates free people; it has done more to lift people out of poverty than any other measure, and it continues to drive global economic growth. That is why the UK initially joined what was then the European Economic Community; we saw, and continue to see, the benefits of striking trade relationships with like-minded countries. Having left the EU, it is important for us to look at the agreements struck on our behalf over the past 40 years to identify whether to carry them over. This Bill allows us to do that. I congratulate the Secretary of State and the whole departmental team for the way in which they have done this; 48 of these agreements are ready to be rolled over, securing more than £110 billion-worth of trade I have heard some people criticise the way in which the Government are planning to roll over some of the agreements, including the one with Japan, as though trying to be more ambitious, liberalising more trade and securing thousands more jobs in the UK were, in some way, a bad thing. The message from the House in this debate should be clear: the Government have our full support in trying to strike the best trade deals. We should roll them over where we can, where it is in our interests, but we should also build on them where we can, getting the best for Britain, because as we emerge on to the world stage of trade, we should be the leading light. I welcome the Government’s transparency as to where they seek to do that. Last week, we got full sight of the negotiation objectives for the UK-Japanese negotiations, just as we have done in respect of the US ones. The Secretary of State has made herself available to all colleagues on many occasions to discuss the UK-US free trade agreement, and I am sure that similar time will be made available to discuss the Japanese negotiations. Committing to using the affirmative procedure for any secondary legislation required to implement these continuity agreements ensures that there is ample time for debate in both Houses We also need to ensure that our trade agreements—those that are getting rolled over and those we negotiate in the future—are fit for the 21st century. Where we can negotiate new deals that allow UK technology companies to operate globally, including through innovative regulatory mechanisms such as the FinTech bridge, we should do so. Chapters on that, along with those on SMEs, will allow our businesses not just in Burnley but beyond to scale up rapidly in the global market, delivering the economy of the future I warmly welcome the Bill. It puts the UK back on the global trading map with an independent trade remedies body, and it provides the mechanism needed to roll over and expand existing trade agreements. For that reason, I look forward to voting for the Bill later.