UK-US Trade

Lord Purvis of Tweed Excerpts

Monday 12th May 2025 Lords Chamber

[Baroness Gustafsson (Lab)]

I agree with my noble friend that our trading relationship with the EU is incredibly important. I do not believe in the premise of false dichotomies or that we are picking between one and the other. This is a continuing relationship and dialogue. I note that there is a very important EU summit coming up in May, which should really endorse and build on our relationship with the EU.

[Lord Purvis of Tweed (LD)]

My Lords, if this is a first step, was the Minister not as confused as I was yesterday to hear our ambassador to the US say on CBS’s “Face the Nation” that this was a finalised agreement? There is no impact assessment that we have been presented with in Parliament, so when is that impact assessment going to be laid before Parliament? He also said that film and technology were included, but there is no reference to that within the text of the announcement last week of the framework to start negotiations. Is it the Government’s intent that this will not be laid as a treaty that would then be ratified by Parliament? If it is not, and it is not a preferential trade agreement, does the Minister agree that we will have to apply all the terms in this framework to all other countries under WTO rules?

[Baroness Gustafsson (Lab)]

To clarify, a lot of key sectors are covered in this framework, and this framework is a final decision on how those key sectors will be treated when it comes to trading between the UK and the US. Those sectors are things such as automotive, steel and pharmaceuticals, but also beef and ethanol, which we have heard so much about. But they are not all the sectors where trade is a part of the UK-US relationship; it could be areas such as technology and how we think about the relationship with that. So yes, this is a final agreement for the sectors that have been covered, but it does not necessarily cover all the sectors. There is still work to be done to understand what those future trading relationships look like with respect to those other sectors.

With regard to how this will be treated within Parliament and whether it will be ratified as a treaty, forgive me—I could not comment on that specifically. I would very quickly run shallow of my parliamentary journey of knowledge, which is still at its earliest stages, but I will be sure to write to the noble Lord on the specifics.