EU Free Trade Agreements

Desmond Swayne Excerpts
Thursday 24th January 2019

(5 years, 3 months ago)

Commons Chamber
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George Hollingbery Portrait George Hollingbery
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I am sorry to duck the question, but that matter should be referred to the Department for Exiting the European Union.

Desmond Swayne Portrait Sir Desmond Swayne (New Forest West) (Con)
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We trade very successfully with our largest bilateral partner, the United States. We do not need trading agreements, do we?

George Hollingbery Portrait George Hollingbery
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As we have already made clear, it is entirely possible to trade on WTO terms. However, it is far more preferable to reach trade agreements with third parties, because then we can trade on a preferential basis that allows us access to markets, the lowering of tariffs and the reduction in non-tariff barriers behind the border, which makes life much easier for our companies.