Queen’s Speech — House of Lords, 2019-10-15
Topic: Foreign Trade
Tariq Ahmad (Conservative, Centre-right): I am glad that noble Lords appreciate that priority. We will have the freedom to champion free, fair, rules-based international trade and to open up new markets for UK businesses through an ambitious trade negotiation programme. We will be able to strike new free trade agreements and help UK businesses to expand overseas while giving consumers here more choice in both goods and services Among other things, we will legislate to provide continuity for businesses and consumers by enabling continued access to the £1.3 trillion of global procurement opportunities each year, and we will create a new independent body, the trade remedies authority, to protect UK manufacturers against unfair trade practices. Supporting UK businesses to export to other countries is a key priority, and our export strategy is designed to help the UK climb the ranks of trading nations by increasing exports as a percentage of GDP. Last year, exports increased by 3% and now stand at more than £650 billion. The export strategy aims to build on that by encouraging firms to expand into new markets, increasing the information available to help them do so, connecting them to new opportunities and helping to provide the finance they need to succeed. Additionally, we plan to create a network of free ports across the UK which will boost growth, create jobs and ensure that towns and cities feel the full benefit of life outside the European Union. We have already established a Freeports Advisory Panel and will release further details on how ports and airports across the UK can bid for free-port authority status. We are committed to maintaining the UK’s position as the number one destination in Europe for foreign direct investment, with stock levels reaching $1.9 trillion last year, creating tens of thousands of jobs for UK workers I turn, finally, to our exit from the European Union. This Government believe that we must respect the referendum result and leave the European Union on 31 October. My right honourable friend the Prime Minister is clear that he wants to leave with a deal, and we are working with energy and determination towards that very goal. Intensive negotiations are progressing. Just last week, the Prime Minister had a detailed discussion with the Taoiseach, and they agreed that they could see a pathway to a possible deal. There have been constructive negotiations with the European Commission over the weekend, and my right honourable friend the Brexit Secretary is once again today attending the General Affairs Council in Brussels The Government’s new proposal means that we can leave on 31 October without disruption and in a friendly way. It is a fair and reasonable compromise for all sides that respects the result of the referendum. If it is not possible to reach a deal, the Government have ramped up preparations for leaving without a deal. The Treasury has made available £8.3 billion to prepare for Brexit, including £2.1 billion in August to boost no-deal preparations. To reduce uncertainty for the more than 3 million EU nationals now living and working in the United Kingdom, we have made an unequivocal guarantee that they will have absolute legal certainty over their future status, whether or not we leave with a deal. We continue to encourage other EU member states to do as much as they can to protect UK nationals living within the European Union The challenges the world faces today may be unprecedented, but the opportunities are plentiful. As the United Kingdom prepares to leave the European Union, we are prepared to address with determination, vigour and confidence our future aspirations and goals with hope and optimism. We are raising ambition around the globe to confront myriad challenges, from intolerance and inequality to climate change. This means that we are bolstering our support for persecuted Christians and broader religious freedoms around the world, by implementing the recommendations of the Bishop of Truro’s review of our work at the Foreign Office; spending more than £200 million to ensure that 1 million vulnerable girls across the Commonwealth receive 12 years of quality education by 2030; helping to reduce tropical deforestation in developing countries through mobilising $5 billion by 2020 in co-operation with both Germany and Norway; protecting more than 4 million square kilometres of British waters by 2020 through working with our overseas territories to establish a marine protection blue belt; supporting trade and investment in least-developed countries by maintaining duty-free access after breakfast—