Continuity Trade Agreements: Parliamentary Scrutiny

Baroness Hayman Excerpts

Wednesday 18th November 2020 Lords Chamber

[Lord Grimstone of Boscobel (Con)]

My Lords, I always consider carefully the points made by the noble Lord. Cheaper imports to the UK benefit the UK economy, so the FTA is not entirely one-sided. I agree that Parliament has to have the information available to allow its scrutiny processes to work effectively.

[Baroness Hayman (CB) [V]]

My Lords, I declare my interests as set out in the register. The scrutiny arrangements in the Trade Bill make no reference whatsoever to climate change or the environment, either in the economic impact assessments or in other reporting mechanisms. Yet the Government’s green recovery plan today shows how a green industrial revolution is essential and how much the future economic health of the UK will depend on success in these areas. Will the Minister look positively at how we can continue our discussions and amend the Trade Bill to include parliamentary scrutiny of these vital issues?

[Lord Grimstone of Boscobel (Con)]

The noble Baroness makes a good point. It is important that the impact assessments that we produce for each of these agreements cover these matters fully. If Parliament has this information, our debates can be more comprehensive and effective. As she says, these are extremely important matters.