Oral Answers to Questions

Andrew Rosindell Excerpts
Thursday 3rd March 2022

(2 years, 2 months ago)

Commons Chamber
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Anne-Marie Trevelyan Portrait Anne-Marie Trevelyan
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The hon. Gentleman is right. As post-covid markets and industrial sites pick up, the demand for steel across the world is growing at pace. We want to make sure that the high-quality steel that we make across the UK finds the right markets. On my travels in my role, I speak regularly to those across the world who are doing complex infrastructure work where our high-quality steel products will be an important part of their procurement programmes. We are making good progress. As I say, I work very closely with the BEIS Secretary to ensure that we give the steel industry all the support that it needs.

Andrew Rosindell Portrait Andrew Rosindell (Romford) (Con)
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4. What steps her Department is taking to increase trade with (a) Australia and (b) New Zealand.

Anne-Marie Trevelyan Portrait The Secretary of State for International Trade (Anne-Marie Trevelyan)
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The free trade agreements that the Government signed with Australia in December and with New Zealand on Monday this week will end tariffs for British exporters and slash red tape, while making it easier for smaller businesses to break into these important markets. The deals with Australia and New Zealand are expected to increase bilateral trade by 53% and 59% respectively in the medium term. These FTAs are also expected to boost the UK economy by over £3 billion.

Andrew Rosindell Portrait Andrew Rosindell
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I congratulate my right hon. Friend on signing the free trade agreement with New Zealand, which is another positive step in rebuilding the bonds and historic links we have with the Commonwealth nations, but does she agree that we must do all we can to maintain the benefits secured by this deal by ensuring that any changes to alcohol duty will deliver for UK consumers and that they do not see domestic taxes on wine go up as we finally, and rightly, remove the tariffs?

Anne-Marie Trevelyan Portrait Anne-Marie Trevelyan
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Our deal with New Zealand is indeed very good news for UK consumers, increasing choice and helping to lower prices on all New Zealand products that are going to come into the UK. The deal removes all tariffs, saving up to 20p a bottle on New Zealand wine. As my hon. Friend seems keen, he will be pleased to know that the products that British consumers love, such as Marlborough sauvignon blanc, will be more affordable. The question on domestic taxation continues to be one that the Treasury looks at and decides on the basis of the health of our citizens, and I shall continue to allow the Chancellor to make those decisions.

UK-Australia Free Trade Agreement

Andrew Rosindell Excerpts
Wednesday 5th January 2022

(2 years, 3 months ago)

Commons Chamber
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Anne-Marie Trevelyan Portrait Anne-Marie Trevelyan
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I cannot speak for my colleagues in DEFRA, but I know that progress on the environmental land management schemes framework is developing at pace. That framework will be a really important tool to help our farmers make the right choices, not only about the food production that they choose to do, but about managing the environment that they are stewarding on our behalf as we move forward and—to the question of the hon. Member for Bristol East (Kerry McCarthy) earlier—make sure that we look after the biodiversity and the nature that surrounds us.

However, I disagree with the right hon. Gentleman that this deal is bad for his farmers, because there are great opportunities coming. As I mentioned earlier, the release of the lamb imports plan for the US is opening up a whole new series of markets, and as we continue to do more trade deals and with the opportunities in Asia-Pacific, our amazing farmers will have opportunities to move into new markets that they have not had before. However, as I will continue to say and as the right hon. Gentleman knows, there is nothing like eating local. Our farmers continue to advertise and very successfully sell their products to the British markets too, and I know that my colleagues in DEFRA work very closely with farming groups to help ensure that happens.

Andrew Rosindell Portrait Andrew Rosindell (Romford) (Con)
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What a great way to start 2022. I commend not only the Secretary of State and her predecessor, but the Australian high commissioner, the hon. George Brandis, who has been so passionate about the relationship between the two nations, and strongly support all the work that has gone on to make today possible and have this fantastic trade deal become reality. Is it not fantastic that this deal has been achieved? We were told that it would take 10 years to do any trade deal, and this has been done in a matter of just over a year. Does the Secretary of State agree that this is a golden opportunity in this year of the Queen’s platinum jubilee also to extend more trade and more co-operation to the Commonwealth, and other realms and territories? Please let us not forget that trade is not just within the United Kingdom; we have territories and dependencies for which we are also responsible, so can we make that a priority in the coming years?

Anne-Marie Trevelyan Portrait Anne-Marie Trevelyan
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I concur absolutely with my hon. Friend’s comments that the high commissioner, George Brandis, has been a huge advocate and supporter of the deal and indeed has assisted in some of the logistics challenges of carrying out, using mostly virtual methods, the very complex trade negotiations through different time zones to make sure that we were able to deliver this in an incredibly timely manner. That is reflected in the fact that both countries are very keen to build on their very close and long-standing relationships with what is one of the most liberalising trade deals that exists.

Global Britain

Andrew Rosindell Excerpts
Monday 11th January 2021

(3 years, 3 months ago)

Commons Chamber
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Andrew Rosindell Portrait Andrew Rosindell (Romford) (Con)
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After nearly 50 years of being shackled to the European Union, today we can say with confidence that Britain is back—back as a sovereign, independent and truly global nation. Let us, however, reflect that instead of being a nation with its sovereignty restored, trading on equal terms with Europe, we could so easily have been legally trapped in a backstop, which would have left the UK locked into the EU rules with no escape. Had some of us caved in to the pressure that we were under to vote for the withdrawal agreement, I fear that today the integrity and sovereignty of the United Kingdom would have been compromised. With the fresh start that this gave our then new Prime Minister, he was able to free the United Kingdom from the entanglement of the European Union and restore Britain’s sovereignty, which my constituents in Romford, and the British people, voted for.

Of course, our British family of overseas territories and Crown dependencies must always be included as part of global Britain. I cautiously welcome the agreement reached with Spain over Gibraltar, which I am assured by my friends on the Rock does not compromise the integrity of Gibraltar, which is and remains wholly British, as it always must. The Prime Minister reassured the people of the Falkland Islands in his Christmas message that the Government will do everything they can to support the islands, but that support must also be extended to all Crown dependencies and overseas territories; their needs and interests must be secured in future negotiations. Her Majesty’s Government have a duty to represent their interests too.

We also have an opportunity to build a stronger alliance with Canada, Australia and New Zealand. We share so much in common with the CANZUK nations through family ties, history, culture, language, and, of course, with the Queen as our common Head of State, so let us work to make this alliance a reality too. Indeed, there are also all 54 nations of the Commonwealth—young and diverse—which make up almost 2.4 billion of the world’s population. The Commonwealth must also be at the heart of Britain’s global strategy.

Finally, we must never forget our special relationship with our companion nation on these islands, Ireland. We must work to strengthen areas of mutual understanding with our Irish friends, building ever closer and stronger bilateral relations between our two uniquely intertwined nations. As co-chair of the British-Irish Parliamentary Assembly, I look forward to bringing members of both the British and Irish Parliaments together to discuss opportunities to collaborate closely as true friends and allies.

The United Kingdom must be bold in using our rediscovered freedom to go out into the world and reclaim our global leadership on free trade, enterprise and liberal democracy, spreading those values, which have given this nation a history of which we can all be rightly proud.

Global Britain

Andrew Rosindell Excerpts
Thursday 30th January 2020

(4 years, 3 months ago)

Commons Chamber
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Steve Double Portrait Steve Double
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I thank the hon. Gentleman for his predictable intervention. Let me remind him that in 2014 the people of Scotland voted to stay in the United Kingdom. This was a decision that the United Kingdom made as one country, and the majority of people in the UK voted to leave the European Union. As a member of the United Kingdom, Scotland is part of that decision and that process.

Andrew Rosindell Portrait Andrew Rosindell (Romford) (Con)
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I thank my hon. Friend for giving way. I agree with everything that he is saying. He talks about “we” and about our nation, but does he acknowledge that, as part of that British family, the overseas territories and Crown dependencies must not be forgotten in any future free trade agreement? I refer in particular to Gibraltar, which is leaving the EU along with us tomorrow evening at 11 o’clock. Will he make sure that everyone understands that we have a responsibility to our territories and dependencies as well?

Steve Double Portrait Steve Double
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I am very grateful for that intervention, and I wholeheartedly agree with my hon. Friend. One of my hopes is that as we leave the European Union, we can perhaps turn some of our focus more starkly to our overseas territories, which, perhaps in recent years, have felt a little ignored. Leaving the European Union gives us the opportunity to strengthen our relationship with our overseas territories and make more of them, because we will be free from the shackles of the European Union. I absolutely agree with what he says.

It is absolutely vital that this House does now adopt an optimistic and positive vision for our country as we leave the European Union. I have found that since the general election every business I have spoken to now has a much more optimistic and positive view of what we can achieve as a nation as we leave the European Union, and we in this House need to adopt that same attitude.

Leaving the EU presents us with a number of opportunities. We have heard a lot already in this debate, including from the Secretary of State, about the opportunities for free trade and the opportunities that having our own independent trade policy will bring. There is the opportunity for us to have our own immigration policy. I believe that we can have a fairer, more compassionate, more effective and better immigration policy that works for our country and is not tied into the discrimination that the EU policy of free movement has forced on us

As someone who represents a constituency that has a number of fishing communities, I believe that leaving the common fisheries policy will present a great opportunity for us to revive our fishing industry and make sure that it gets a fairer share of the quota. Overall, I like to think that as we leave the European Union we have starkly contrasting choices of what our country could be like: it is the difference between being an oil tanker as part of the European Union, or a speedboat as an independent country outside the EU. No longer will we be tied to 27 other nations and need their agreement before we can do anything. We can be much more flexible, and much quicker to respond to global events and to demands that the world places upon us. That, for me, is in a nutshell how I see the opportunity of our leaving the European Union. We can be much more responsive and much more flexible in today’s ever-changing world.

I am sure that Members of the House would be surprised if I were to speak on this subject without specifically referring to Cornwall. I absolutely believe that Cornwall can play a significant role in ensuring that we deliver on the vision of a truly global Britain outside the EU, but that is not new. Throughout its history, Cornwall has played a significant part in delivering on global Britain. Today many people see Cornwall as a place for holidays, ice creams, pasties and perhaps fishing, but our history is about our being a major contributor to Britain’s global standing.

First of all, Cornwall has not only excelled at mining but has exported around the world. We have contributed our Cornish expertise and ingenuity to many places, particularly to many Commonwealth countries, and to North and South America. In Cornwall we define a mine as a hole in the ground anywhere in the world with a Cornishman at the bottom of it, because so many left after the decline of the tin mining industry that they formed a diaspora around the world.

There is good news, however, because Cornwall has an opportunity to become a global player in the extraction of precious metals once again.

Future International Trade Opportunities

Andrew Rosindell Excerpts
Wednesday 1st May 2019

(5 years ago)

Westminster Hall
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Westminster Hall is an alternative Chamber for MPs to hold debates, named after the adjoining Westminster Hall.

Each debate is chaired by an MP from the Panel of Chairs, rather than the Speaker or Deputy Speaker. A Government Minister will give the final speech, and no votes may be called on the debate topic.

This information is provided by Parallel Parliament and does not comprise part of the offical record

Andrew Rosindell Portrait Andrew Rosindell (in the Chair)
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I call Faisal Rashid. However, I ask the hon. Gentleman to keep his remarks fairly short as we are running out of time for the winding-up speeches.

Oral Answers to Questions

Andrew Rosindell Excerpts
Thursday 25th April 2019

(5 years ago)

Commons Chamber
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Liam Fox Portrait Dr Fox
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I will ignore the hon. Gentleman’s lack of grace in his first comment.

What that shows is the importance to Scotland of services and of access to the single market in the United Kingdom. Financial services are one of the country’s greatest and strongest exports, and Scotland benefits hugely from being part of the United Kingdom’s infrastructure.

Andrew Rosindell Portrait Andrew Rosindell (Romford) (Con)
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T2. I congratulate the Government on the GREAT campaign but, in this week of St George’s Day, as we celebrate all things English, will the Secretary of State confirm that we are going to promote not only everything British but the component parts of the United Kingdom, including England, Scotland, Northern Ireland and Wales, and indeed our cherished Crown dependencies and overseas territories?

Liam Fox Portrait Dr Fox
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My hon. Friend, in his usual way, makes an excellent point. It is not just the fact that we have those very important constituent parts of the United Kingdom to celebrate—we also celebrate our commonality and our unity as expressed through the Union.

Oral Answers to Questions

Andrew Rosindell Excerpts
Thursday 13th September 2018

(5 years, 7 months ago)

Commons Chamber
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Liam Fox Portrait Dr Fox
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That is a very interesting question. Our services exports to the world’s most open market—the United States—comprise 65% of our exports. For non-EU countries, the figure is about 50%, and for the EU itself, it is only 38%. In the future, I would like to ensure that our services exporters are given the free access to European markets that they can currently take advantage of outside Europe.

Andrew Rosindell Portrait Andrew Rosindell (Romford) (Con)
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As the Secretary of State knows, the UK is the largest investor in Tanzania, a proud Commonwealth nation to which I have just been appointed trade envoy. Will he be good enough to outline what Her Majesty’s Government will do to strengthen that relationship as we leave the European Union?

George Hollingbery Portrait George Hollingbery
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I welcome my hon. Friend to his post as the Prime Minister’s trade envoy to Tanzania and wish him luck. As the Prime Minister made clear on the visit on which I joined her at the end of August, partnerships based on mutual interest are key to the UK’s offer. The presence of a proactive Department for International Trade and broader prosperity team, and UK Export Finance’s risk appetite of £750 million for Tanzania, further show that commitment. We are working with the Department for International Development to align trade and investment policies throughout Africa and the developing world.

Oral Answers to Questions

Andrew Rosindell Excerpts
Thursday 28th June 2018

(5 years, 10 months ago)

Commons Chamber
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The Minister for Women and Equalities was asked—
Andrew Rosindell Portrait Andrew Rosindell (Romford) (Con)
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1. What steps the Government are taking with businesses to ensure that women are better represented in the science, technology and engineering industries.

Penny Mordaunt Portrait The Minister for Women and Equalities (Penny Mordaunt)
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The Government are working with business to encourage more women to consider following a science, technology, engineering and maths career path. We are doing this through a range of interventions, from major communication campaigns like the Year of Engineering to specific in-school activities like STEM ambassadors.

Andrew Rosindell Portrait Andrew Rosindell
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Will the Minister join me in commending the Frances Bardsley Academy for Girls in Romford? Retired engineers go into the school to tutor the young girls, particularly in the STEM industries. Does she agree that that is a great way to help young people, and particularly females, into this industry?

Penny Mordaunt Portrait Penny Mordaunt
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I pay tribute to that specific example and to my hon. Friend, who has championed such work in his constituency. Quite often we need to inform people not just about the career possibilities but about the pleasure those careers have given people. The STEM ambassadors programme, which is a network of 30,000 volunteers from a very wide range of backgrounds and employers, is vital to getting the message across.

Commonwealth: Trade

Andrew Rosindell Excerpts
Wednesday 22nd February 2017

(7 years, 2 months ago)

Westminster Hall
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Jake Berry Portrait Jake Berry
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The best way for us to tackle poverty in the Commonwealth is for us to start trading freely and to make every single citizen of the Commonwealth richer. In truth, that is the best way of tackling it, along with other measures to which she referred.

I pay tribute to my right hon. Friend the Member for East Devon and our noble Friend Lord Marland. Together with the Maltese and the Commonwealth Enterprise and Investment Council, they have driven the issue of Commonwealth trade by organising the first ever Commonwealth heads of trade meeting, which takes place in London next month. That meeting has the sole purpose of increasing co-operation and trade between Commonwealth Governments and businesses. I hope it will put Commonwealth trade at the top of our Government’s agenda. Not only is it an exceptional meeting of Trade Ministers, but it is the perfect springboard for a successful meeting of Commonwealth Heads of Government meeting next year. I hope the Minister discusses next month’s meeting in his contribution to this debate, and takes the opportunity to put on record his commitment and that of our Government and his Department to expanding trade with our Commonwealth partners.

Andrew Rosindell Portrait Andrew Rosindell (Romford) (Con)
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I congratulate my hon. Friend on securing this very important debate at this time, as we leave the European Union. It is fantastic that he speaks passionately about the Commonwealth, but does he also include the overseas territories and the Crown dependencies? There are 21 of them and they are not members of the Commonwealth in their own right. Does he agree that we must include them in any discussions about trade and co-operation in future?

Jake Berry Portrait Jake Berry
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I agree absolutely. I was in touch only this week with the Falkland Islands Government, who are watching this debate to see what is said about the Crown dependencies and overseas territories. I will come to how we must absolutely ensure that they are not left behind in any new Commonwealth trade deals.

Doing business in the Commonwealth makes sound economic sense for Britain. This is not a throwback to a sepia-tinted view of the Commonwealth; it is about ensuring that Britain’s economy grows. The facts speak for themselves. The Commonwealth is a market that comprises 52 largely English-speaking countries with a combined population of 2.6 billion, covering a third of the globe. Some 60% of its citizens are under 30, and half of the top 20 global emerging cities are in it. It should be noted that, although the UK has a trade deficit with the EU, it has a trade surplus with the Commonwealth that stood at £1.9 billion in 2015. The Commonwealth contains mature and open economies such as Canada, Singapore, Malaysia, New Zealand and Australia, exciting new emerging markets such as India, and developing economies in Africa, the Caribbean and the Pacific. It has a combined GDP of more than $10 trillion. It includes five G20 countries, with trade projected to surpass $1 trillion by 2020.

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Jim Shannon Portrait Jim Shannon (Strangford) (DUP)
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It is a pleasure to serve under your chairmanship, Mr Davies. I congratulate the hon. Member for Rossendale and Darwen (Jake Berry) on securing the debate. With all the focus on Brexit—we are all looking towards that—and import and export issues to the fore, we must remember that there is a wider market to explore. The aim of $1 trillion of Commonwealth trade by 2020 is a goal we must all work hard to achieve. That should be the focus of Ministers and Members of Parliament, in proud partnership with the Commonwealth.

I can always remember watching the Commonwealth games and being amazed by the number of countries that made up the Commonwealth. I was proud that they were happy to respect and be tied with the Queen and this great nation. There is a natural bond there, which the hon. Gentleman referred to in his introduction. It should be strongly explored and enhanced for the benefit of all those involved. We are all winners from enhanced trade and economic co-operation, but it will take time and effort to build it up.

Plenty of facts about trade are available, and other Members have mentioned them. In 2015, UK exports of goods and services to the Commonwealth were worth £47.4 billion, while imports from the Commonwealth were worth £45.5 billion. That gives an idea of the stats. It is clear that great work is being done, but there is massive potential for more to be done. The UK’s trade is heavily focused on a small number of the 51 Commonwealth countries. In 2015, Australia, Canada, India, Singapore and South Africa accounted for 70% of UK exports to Commonwealth countries and 65% of UK imports from the Commonwealth.

This is not a debate on Brexit, but it would be remiss of me not to point out the opportunity in the Brexit negotiations to enhance trade with our Commonwealth brothers and sisters. The Government have intimated that intention through the response of the Under-Secretary of State for International Trade, the hon. Member for Wyre Forest (Mark Garnier), to a written parliamentary question, in which he stated:

“We cannot negotiate and conclude trade agreements while we are a member of the EU, but we can have discussions on our future trading relationships. We have already announced working groups and dialogues on our future trading relationships with seven markets: Australia, China, India, New Zealand, Norway, South Korea and the Gulf Cooperation Council, which comprises six countries.”

My belief is that negotiations must range more widely to make the most of all avenues and ports of call within Commonwealth countries. That will help to develop those countries and will benefit our own. There should be a mutually beneficial system that allows small businesses and local economies to have access to the global network.

Andrew Rosindell Portrait Andrew Rosindell
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Does the hon. Gentleman agree that this is also a great opportunity to encourage the Republic of Ireland to join the Commonwealth and to include it in any possible arrangements for free trade across the world? There is an opportunity for the British Isles. Does he agree with that?

Jim Shannon Portrait Jim Shannon
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Of course I do; I wholeheartedly agree with that. Indeed, I would go the further mile and make it happen. It would be great to have the United Kingdom of Great Britain and Ireland, and not just Northern Ireland, together as one. That would be special, but I will settle for it being in the Commonwealth.

It is clear that deals with countries such as Australia, Canada and New Zealand will be important. They can open up big areas of new trade. It all depends on the terms we decide we will abide by in coming out of Europe, but we must ensure that we reach further. The initial talks with New Zealand have indicated the position that we will be seeking to establish post-Brexit: a foundation of respect and a hope to see winners in all areas. If we can do that across the Commonwealth and the United Kingdom, we should.

For too long we have had to labour under trade rules that did not allow for the foundations of the Commonwealth to be explored. Now is the time to seize the opportunities and to enjoy the benefits of the ties to our Queen and her aims, which we all hold dear in this place and further afield.

I will conclude, as I am conscious that I got an extra minute for taking an intervention. One Commonwealth charter principle is that

“international peace and security, sustainable economic growth and development and the rule of law are essential to the progress and prosperity of all.”

Let us enhance our links, so that we pay more than mere lip service to that charter principle. Let us start the planning right now.

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Lord Bellingham Portrait Sir Henry Bellingham (North West Norfolk) (Con)
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It is a pleasure to serve under your chairmanship, Mr Davies. I congratulate my hon. Friend the Member for Rossendale and Darwen (Jake Berry) on securing this debate. I declare my interests: I am chairman of the all-party group for the Commonwealth, and I am the former Foreign and Commonwealth Office Minister for the Commonwealth in the Commons, although I was reporting to the right hon. Lord Howell of Guildford at the time.

It is a pleasure to follow my hon. Friend the Member for Mole Valley (Sir Paul Beresford). His expertise on New Zealand is greatly appreciated. I think our total bilateral trade with New Zealand is about £6 billion. With the Republic of Ireland, it is about £32 billion, so there is a lot of ground to be made up.

There has been much discussion about the Commonwealth Enterprise and Investment Council meeting on 15 March. I congratulate my right hon. Friend the Member for East Devon (Sir Hugo Swire) on the work he has done on that superb council and initiative. It is going to be co-hosted by the UK and Malta, and I think it really gives us an opportunity to look at where we go post-Brexit. We can—I hope the Minister will confirm this—start the pre-negotiations with many of these countries. We obviously cannot negotiate trade deals with Commonwealth countries until we actually exit the EU, but surely we can do a lot of the background work. I would be grateful if he could confirm that.

I recently met up with a number of Commonwealth high commissioners, who really want to be fully engaged in this process. They are the key link personnel in London, and they have a vital role to play. May I suggest that before the summit on the 15 March, the Minister has a pre-meeting with the Commonwealth high commissioners in London? I think that would be a really good initiative.

The hon. Member for City of Durham (Dr Blackman-Woods) made an excellent point about Commonwealth migration. I, too, would take student numbers out of migration figures. When we get control of our borders, we need to be sensible and ensure we have the right talent when people come to this country to work. For example, Russell Group universities have on average twice as many non-EU students as EU students. When EU students finish their studies they can do a postgraduate course or work here, whereas many of the non-EU students cannot work and have to go back to their country, as in many cases they find it very difficult to get a work permit or a visa. I think that industry and business need the advantages that will come from our being able to pick the brightest and best without any discrimination in favour of one country or another.

I absolutely agree with what my hon. Friend the Member for North West Cambridgeshire (Mr Vara) said a moment ago about border controls. How we treat Commonwealth citizens is going to be really important in the future, and what clearer and more emphatic innovative signal can we send than changing our border arrival arrangements? I suggest that, post-Brexit, we should have one queue for UK citizens, including citizens of the overseas territories and citizens of the realm—the Commonwealth countries that chose to keep Her Majesty as Head of State—another queue for Commonwealth citizens, or perhaps Commonwealth and EU together, and another for the rest of the world. That would show our trading partners where our loyalties and interests lie. After all, the people side of trade—the services side, and the exchange of people and ideas—is incredibly important.

Andrew Rosindell Portrait Andrew Rosindell
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On that very point, does my hon. Friend agree that the Commonwealth realms have been neglected? The constitutional link that they have with the United Kingdom in sharing Her Majesty the Queen as the Head of State should be cherished. Their citizens should be given preferential treatment not only when they arrive at Heathrow and enter this country, but in other ways. We should build a closer relationship based on sharing Her Majesty the Queen.

Lord Bellingham Portrait Sir Henry Bellingham
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My hon. Friend is absolutely indefatigable on that issue. Of course he is absolutely right. I hope the Minister will take notice of that point and respond to it.

There are huge opportunities out there. It is incumbent on this country and the Government to seize them now.

Oral Answers to Questions

Andrew Rosindell Excerpts
Thursday 3rd November 2016

(7 years, 6 months ago)

Commons Chamber
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Andrew Rosindell Portrait Andrew Rosindell (Romford) (Con)
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T6. Will the Secretary of State give us a progress report on new arrangements to be put in place with Gibraltar to ensure not only that there is a common market between the UK and Gibraltar post-Brexit, but that it has uninterrupted access to financial services for its financial market?

Mark Garnier Portrait Mark Garnier
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My hon. Friend is right to raise that. We have strong economic links with Gibraltar and 20% of the UK car insurance market is underwritten within Gibraltar. I stress that we have an interest not just in Gibraltar but in all the overseas territories. I met many of the leaders yesterday. They will very much be involved in the process of the negotiations of our deal with the EU as we progress through article 50.