Thursday 14th January 2021

(3 years, 3 months ago)

Commons Chamber
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Elizabeth Truss Portrait Elizabeth Truss
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I am very clear that we have the authority to impose those tariffs. We have acquired rights as a result of leaving the European Union. But I go back to the point I was making: the hon. Gentleman has advocated putting additional tariffs on products such as sweet potatoes and nuts, so presumably he thinks that we have those acquired rights.

Paul Howell Portrait Paul Howell (Sedgefield) (Con)
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What steps she has taken to help ensure that SMEs in Sedgefield can benefit from future free trade agreements.

Rob Butler Portrait Rob Butler (Aylesbury) (Con)
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What steps her Department has taken to help ensure that SMEs in Buckinghamshire can benefit from future free trade agreements.

Paul Howell Portrait Paul Howell [V]
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The support for SMEs in the trade agreement is great to see, but may I ask the Minister to continue that with a free trade agreement for the USA that supports companies like Kromek in Sedgefield? It manufactures high-radiation detector material ingots that are shipped to the USA, attracting US import duty incorporating the price for worldwide sale, with the waste coming back to the UK for re-manufacture, attracting further UK import duty. The removal of those duties would clearly support high-value jobs in Sedgefield and increase the global competitiveness of an export-led UK business.

Greg Hands Portrait Greg Hands
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I thank my hon. Friend for that excellent question on behalf of his constituency company, and I can tell him that the US and the UK have a shared ambition to improve trade for our SME-focused economies on both sides of the Atlantic, to help companies such as Kromek. There are three specific areas we are looking at. First, we want to reduce or eliminate tariffs. Secondly, we will have a wide-reaching SME chapter. Thirdly, we are also looking at provisions on reimported goods as well. Those provisions will benefit around 32,000 UK SMEs that already export to the US, such as Kromek, but also future SMEs. That will grow that trade, which will suit our bustling and improving SME sector.