China: Market Economy Status

Baroness Armstrong of Hill Top Excerpts

Monday 9th May 2016 Lords Chamber

[Lord Price]

I thank the noble Baroness for her suggestion. There are a number of things we are doing as this process moves through. First, as your Lordships know, the EU is looking at the legal position with Article 15 and we continue to assess that and have discussions with countries that have not yet agreed the protocol with China. Secondly, a piece of work by the Commission will assess the impacts and when we receive that, we will know what position we are actually in. Thirdly, we are discussing a number of mitigations in the event that we find the impacts unfavourable. So a number of things are in train, both legally and in terms of mitigations, to make sure that our position is one where we trade fairly with China.

[Baroness Armstrong of Hill Top (Lab)]

In welcoming the Minister to his position, I wonder whether he would like to comment on the potential effect on the north-east, which is the only region in the country to have a positive balance of trade, because of manufacturing. What effect does he think the suggestion yesterday that we can prosper outside the single market would have on the north-east of England?

[Lord Price]

I thank the noble Baroness for her question about the EU and the north-east. The Government believe that the country is far stronger inside the EU than outside it, for a whole host of reasons, which have now been well documented by the Prime Minister and others.