Extracts from statement on the G20 summit (Commons and Lords) - July 10

Tuesday, 11 July 2017 08:48

Extracts from Lords statement on the G20 summit The Lord Privy Seal (Baroness Evans of Bowes Park) (Con):...The UK will play a leading role in championing all these reforms so that all citizens can share in the benefits of global growth. As we leave the European Union, we will negotiate a new, comprehensive, bold and ambitious free trade agreement with the EU, but we will also seize the exciting opportunities to strike deals with old friends and new partners. At this summit, I held a...Request free trial

Extracts from Lords statement on the G20 summit

The Lord Privy Seal (Baroness Evans of Bowes Park) (Con):...The UK will play a leading role in championing all these reforms so that all citizens can share in the benefits of global growth. As we leave the European Union, we will negotiate a new, comprehensive, bold and ambitious free trade agreement with the EU, but we will also seize the exciting opportunities to strike deals with old friends and new partners. At this summit, I held a number of meetings with other world leaders, all of whom made clear their strong desire to forge ambitious new bilateral trading relationships with the UK after Brexit. This included America, Japan, China and India. This morning I welcomed Australian Prime Minister Turnbull to Downing Street, where he also reiterated his desire for a bold new trading relationship. All these discussions are a clear and powerful vote of confidence in British goods, British services, the British economy and the British people. I look forward to building on them in the months ahead...

Baroness Smith of Basildon (Lab):...The Statement refers to the bilateral meetings with America, Japan, India and China. We have had reports of that meeting with President Trump. I understand that the Prime Minister claimed to be “optimistic” that President Trump could be taken at his word regarding a swift trade deal with the UK. Let us remind ourselves of what President Trump said, because, as we know, he never knowingly understates a case:

“There is no country that could possibly be closer than our countries. We have been working on a trade deal which will be a very, very big deal, a very powerful deal, great for both countries and … we will have that done very, very quickly”...

...Is the noble Baroness able to provide some more information on the other bilateral discussions with Japan, China and India, which do not seem to have received the same attention? At the last G20 meeting in September, following our bilateral with Japan, the Japanese Prime Minister issued a 15-page document on its specific concerns regarding a trade relationship. When the Japanese returned to the bilateral at this meeting, did they discuss that document and have those concerns been addressed? Last time, the Prime Minister was unable to say whether they had discussed car manufacturing. Is the noble Baroness able to do so today, particularly with reference to any financial assurances that have been given for the post-Brexit era? Also, the Statement referred to a meeting today—not at the G20 but today—and discussions at No. 10 with the Australian Prime Minister. I am not quite sure why that is in the Statement: it does not seem any different from the casual assurances and statements made at last year’s meeting, but seems to be just a repetition of an ambition, at some point in the future, post Brexit, to do a trade deal. Can the noble Baroness tell us what those discussions were today and why that is in the Statement?..

Lord Newby (LD):...On our own domestic agenda, the summit did discuss trade, where again the US is in danger of taking a unilateral line which would weaken the world trading system. But clearly the key trade issues for the UK relate to Brexit. The Prime Minister met the leaders of America, Japan, China and India, all of whom, we are told, expressed an interest in having new bilateral trading relationships with Britain post-Brexit. The situation in respect of Japan is particularly concerning. Japan has just signed a deal with the EU which covers 19% of all world trade. It took four years to negotiate and along with the traditional tariff reductions, there are major new levels of co-operation on standards, regulation and opening up public procurement markets. What is rather chilling is the thought expressed by a leading commentator in today’s papers that unless the UK replicates the EU’s trade agreement with Japan, Japan will have a closer trading relationship with the EU than we will. Even if we replicate it, there is a major challenge to the British motor industry if we are not inside the customs union. First, Japanese direct investment is likely to go to the EU, and, secondly, rules of origin mean that unless 50% of a product is made in the country, it does not qualify for free entry into the other country. How many motor cars made in the UK have 50% of their parts made in the UK? Very few. I wonder how the Government hope and expect to be able to, at worst, replicate the trade agreement now entered into or coming into force between Japan and the EU...

Baroness Evans of Bowes Park:...The noble Lord, Lord Newby, asked about North Korea. The Prime Minister raised that issue in her bilateral meeting with President Xi. The noble Lord also asked about trade deals. As he is well aware, we are working to negotiate a good and comprehensive free trade agreement with the EU and are confident we will get a good deal for both the UK and EU. We will talk to countries that have existing relationships and arrangements with the EU about what arrangements we can come to so we can ensure a smooth process as we leave. But we are also talking, as I have said, to countries such as America and India about what we can do in terms of improving our trade relationships and what trade agreements we can have once we leave the EU...

Lord Desai (Lab):...How many of us know that two years from now will be the centenary of Jallianwala Bagh? I would bet that very few people here know what Jallianwala Bagh is, but it means a lot in India. Unarmed people were fired on with machine guns by soldiers led by a British Army officer. That does not matter to us, but you could easily turn—I am deliberately using a non-Muslim example here—a Hindu boy, born and bred in this country, into a sort of terrorist by telling him, “The time has come to wreak revenge for this enmity of 100 years ago”. That is exactly what is going on in Islamism...

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Extracts from Commons statement on the G20 summit

The Prime Minister (Mrs Theresa May):...The right hon. Gentleman (Jeremy Corbyn) talks about trade deals. I am very happy to tell him that we are already working with the Americans on what a trade deal might look like. We already have a working group with the Australians, and we have a working group with India as well. We are out there. He says that what Britain needs is somebody actually standing up and speaking about these things; what we need is somebody doing these things, and that is exactly what we are doing...

John Redwood (Wokingham) (Con): I congratulate the Prime Minister on her many successes at a productive summit, particularly on the trade front. Will she confirm that Ministers are working not just on trade deals with those countries we do not have one with at the moment but will have when we are outside the EU, but on making sure that we transfer the EU ones to the UK on exit?

The Prime Minister: I am happy to give that confirmation to my right hon. Friend. We are working on trade in three areas. Obviously, one area is looking ahead to the trade agreements we can have with those countries we do not currently have them with as a member of the European Union. The second is ensuring that, where there are trade agreements with the EU, we are able to roll those forward as we leave the EU. The third area is working with countries such as India and Australia to discuss what changes we can make now, before we leave the European Union, to improve our trade relationship.

The Prime Minister:...The hon. Gentleman (Ian Blackford (Ross, Skye and Lochaber) (SNP)) raised a number of issues. He asked about trade deals. As I said in my statement, we have indeed started discussions with a number of countries—yes, the United States, but also Japan, China and India—and I was able to speak to representatives of a number of other countries at the G20 about the possibility of future trade deals...

Ms Nusrat Ghani (Wealden) (Con): The Leader of the Opposition has spent his entire life opposing trade deals with countries such as Mexico and India. The Prime Minister’s success at the G20 meeting means that we can look both east and west when securing trade deals. Does my right hon. Friend agree that we should recognise and be proud of the global confidence in British services, British goods and the British economy?

The Prime Minister: My hon. Friend is absolutely right. The fact that several leaders—not only those whom I have mentioned, but others as well—have expressed their interest in trade deals with the United Kingdom is a vote of confidence in the British people.

Kirsty Blackman (Aberdeen North) (SNP): I would be really interested to know when the Prime Minister expects to sign trade deals with Australia and India, how much she expects those deals to be worth, and how much extra immigration she intends to accept as part of those deals.

The Prime Minister: The hon. Lady may know that there is a limit to what we can put in place while we are still a member of the European Union, but that does not mean that we cannot discuss what a future trade agreement might be or how we can improve trade relations now. We can do just that in certain areas that are not covered by EU competences, and those are the discussions that we are having.

Graham Jones (Hyndburn) (Lab): The Prime Minister said in her statement that, “women and children are being enslaved, forced into hard labour, raped, beaten and passed from abuser to abuser for profit.” Does she agree that that is no more true than when it comes to the depravity of child prostitution in India? Did she raise that issue with Prime Minister Modi?

The Prime Minister: I have raised this issue—the question of modern slavery—previously with Prime Minister Modi, as the United Kingdom wants people around the world to address it. We are very clear that we want to see this issue being dealt with. That is one of the reasons why we have put into legislation the requirement for companies here in the UK, which will be manufacturing and will be sourcing products from around the world, to look at their supply chains and report on what they find in them and whether or not modern slavery is taking place within them.

Henry Smith (Crawley) (Con): A quarter of G20 members are also members of the Commonwealth. I welcome my right hon. Friend’s talking about preliminary discussions with Australia and India, but will she also let the House know what discussions have been had with other Commonwealth countries, such as New Zealand?

The Prime Minister: I am happy to let my hon. Friend know that we have indeed also been having discussions with New Zealand. This is an issue I think we can progress with a number of other members of the Commonwealth—not just New Zealand, but Canada.

Mr Philip Hollobone (Kettering) (Con): Kettering is located at the economic beating heart of the nation, so a strong economy and new international trade deals post-Brexit are very important for all of us who live there. The Prime Minister has told the House that over the weekend she met the leaders of America, China, Japan and India to talk about new trade deals. May I say to her that that sounds to me like a very good start and a very good weekend’s work?

The Prime Minister: I thank my hon. Friend for that. May I also recognise the important role that Kettering plays in the economy of the country? When we see these new trade deals come into place, I am sure that his constituents and others across the country will benefit from them.

To read all the exchanges, CLICK HERE