Brexit and Foreign Affairs — House of Commons, 2017-06-26
Topic: Foreign Trade
Robert Alexander Courts (Conservative, Centre-right): May I say what a pleasure it is to follow the hon. Member for East Dunbartonshire (Jo Swinson) and how lucky we have all been to have listened to so many outstanding maiden speeches, from Members from all parts of the House? They have all described their constituencies with passion and poetry I am also honoured to be returned to this House to represent the people of Witney and west Oxfordshire on whose behalf I pledge to vote in the time ahead. There is a great deal to mention in the Gracious Speech, but, sadly, time will not permit that today. I wish to concentrate on one aspect of the Brexit negotiations. It is a fact of the election that 85% of the people who voted supported parties, which, in their manifestos at least, support withdrawal from the single market and the customs union In the brief time available to me, I would like to focus on the important matter of the customs union. It is important to remember how the European Union, which should be a beacon for free trade, operates as a protectionist bloc, and it is that that troubles me the most because I believe in free trade. I do so because of the power that it has for our economy and because of the help that it gives to the poor across the entire world. It is for that reason that we must have independent control of our own trade policy. In that way, we can focus on the great and emerging markets of the world Six members of the G20 have already expressed an interest in having talks and a possible free trade agreement with us in the future. They are: Australia, South Korea, India, Brazil, China and our greatest single trading partner, the United States. It is a fact that British trade has been moving away from the European Union for many years to the extent that we now have a trade deficit, particularly with regard to services. Markets worth only $4.8 trillion have been opened up to the UK by the European Union, but $35 trillion have been opened up to Switzerland in free trade arrangements. These smaller groups tend to be more favourable to services, and, as we all know, services are a very important part of the UK economy. We are talking about only 68% with the European Union, but up to 90% with these smaller bespoke agreements Free trade is not just about the interests of finance—important though that is to the UK economy—but about helping the poorest around the world and in our society, too. It is anticipated that free trade, which is the greatest tool for reducing poverty that history has ever seen, could reduce the annual food bill for people in the United Kingdom by up to £361 per household. That is a prize worth considering. It may be that there is no need to reinvent the wheel. I urge the Government to look around the country and the world to see whether there are existing arrangements that we may be able to accede to. It may well be that the North American Free Trade Agreement or the Trans-Pacific Partnership would welcome a dynamic, outward-looking free trading Britain, and we should seize those opportunities if they are out there Although I am very aware of the challenges that exist—in west Oxfordshire, there are challenges with regards to agriculture, defence and finances—I wish to emphasise the positives, such as US components, and the fact that we can take the brightest and the best from all over the world and that we can replace the common agricultural policy with a policy that works for us to improve the environment. There is everything to play for. I urge the House to be positive and support the Queen’s Speech.