(4 years, 2 months ago)
Commons ChamberThe system of rules that has been at the core of world trade for the past 70 years is at breaking point. Corporations such as Google, Amazon and Huawei have arrogated to themselves enormous power. They are able to stand up to sovereign Governments, if not always their own, and to undermine fiscal and public policy. Countries such as China are emerging from non-market economy status with labour and utility costs that enable them to dump subsidised products on to western markets that undercut our domestic producers. The response from the USA has been increased protectionism, imposing arbitrary tariffs on aircraft, steel, aluminium and—my personal non-favourite—Scotch whisky, the impacts of which colleagues will be debating later today in Westminster Hall. At the end of last year, the American President made good on his promise to undermine the WTO by refusing to ratify the appointments to the appellate court. These actions go to the heart of the multilateral rules-based order.
None of this is meant as a criticism of Government. It is merely to set out the context against which the prudence of Government action must be assessed, because it is against this background that our country is tomorrow pulling out of the largest and most powerful free trade grouping in the world and, paradoxically, doing so in the name of free trade itself. It has therefore never been more important for this Parliament to articulate its support for an open and fair rules-based global trading system that creates wealth and jobs in a way that protects workplace rights and environmental standards and ensures that vital sectors of our national economy are protected from unfair external competition.
The hon. Gentleman knows that I share his distaste for monolithic multinational companies that do not play by the rules, but the EU has been singularly ineffective at dealing with them, as he illustrated in his opening remarks. Why, then, does he think our departure will not give us a better opportunity to deal with exactly the problems he outlines?
The right hon. Gentleman mistakes me. I am not seeking to reopen the debate about the EU. We are leaving the EU tomorrow, and we must forge a positive and constructive future.
Madam Deputy Speaker, if you feel any sense of déjà vu in what I believe is the fifth debate entitled “Global Britain” in the past two years, then for my part it will only be in asking the Government to set out a coherent strategy as to what that phrase is going to mean in practice. In previous debates, I heard calls from Government Members to bring back the royal yacht and talk of something called empire 2.0, but that does not constitute a strategy. To ask the Government for their strategy is not to talk Britain down or to act against the national interest; it is simply to ask that we work together as grown-ups to devise a new relationship with our closest trading partners and to agree a set of priorities for our country’s future relations with others in an increasingly fraught geopolitical context.