EU Free Trade Agreements Debate
Full Debate: Read Full DebateDepartment: Department for International Trade
Kevin Foster
Main Page: Kevin Foster (Conservative - Torbay)Department Debates - View all Kevin Foster's debates with the Department for International Trade
(5 years, 3 months ago)
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George Hollingbery
We have staff in post in all the markets where we are attempting to transition these deals. An enormous amount of internal resource has been applied to what we in the Department call TAC—trade agreement continuity. Indeed, we have taken resource out of parts of the other workstreams we do to concentrate on exactly this issue. We have been negotiating on all these agreements, not just the larger ones. There is of course a financial incentive to concentrate on the larger ones, for the sake of our own businesses and for the sake of employees and families who want to put food on their table. At the same time, however, there are small businesses, as I know perfectly well, that trade under the preferences enjoyed through EPAs. There are also developmental reasons why we want to continue those arrangements, because it is the right thing to do, and the hon. Lady may be reassured that we are putting effort into all these agreements.
Kevin Foster (Torbay) (Con)
I must say that I welcome the work the Secretary of State is doing out in Davos to push forward the UK’s trade policy. His work is certainly far more welcome than the pontification of the former Member for Sedgefield there. To put these deals into perspective, will the Minister confirm that the Swiss trade deal on its own is worth 21% of the value of all trade done under these 40 agreements?
George Hollingbery
Indeed, I can: that is the correct figure. There are two or three other agreements that will add substantially to that if we manage to transition them, and I am very hopeful that we shall be able to do so.