Leaving the EU: Airbus Risk Assessment

Sammy Wilson Excerpts
Monday 25th June 2018

(5 years, 10 months ago)

Commons Chamber
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Greg Clark Portrait Greg Clark
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Companies in the aerospace sector—big and small—report very similar requirements: we should avoid frictions and tariffs. That is consistent with many other employers who create valuable jobs in this country. It is important that we listen to not just one voice but them all.

Sammy Wilson Portrait Sammy Wilson (East Antrim) (DUP)
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Since aerospace regulations tend to be made on a worldwide basis rather than on an EU basis, the tariffs on manufactured goods are low or zero, and the UK is an important market for Airbus. Does the Secretary of State accept that we should take some of these warnings with a pinch of salt? If Airbus has concerns, it ought to direct them towards the EU negotiators who seem to be putting every obstacle in the way of the Prime Minister’s objective of frictionless future trade.

Greg Clark Portrait Greg Clark
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We need an agreement. The right hon. Gentleman is right that regulatory standards are increasingly international, but the idea that we would find ourselves unable to operate to the standards required for aircraft produced in Europe would be unacceptable not only to Airbus, but to Bombardier in Northern Ireland, which communicated in very similar terms its requirements for the future.