Lord Chidgey – 2016 Parliamentary Question to the Department for International Trade

The below Parliamentary question was asked by Lord Chidgey on 2016-07-13.

To ask Her Majesty’s Government, in the light of the potential effects on investment of uncertainty around issues of future market access, whether they plan to commit to (1) extending bilaterally the duty- and quota-free access that the least developed countries have had to the UK market since 2001 once the UK’s exit from the EU is completed; (2) honouring the duty- and quota-free market access granted to Caribbean countries since 2008 until new bilateral trade agreements have been concluded; and (3) unilaterally extending the duty- and quota-free access granted to sub-Saharan countries under the transitional arrangements established since 2008 until new bilateral trade agreements have been concluded.

Lord Price

While the UK is still a member of the EU, all rights and obligations will apply. There will be no initial change in the way we trade with developing countries. The new Department for International Trade will work with the Department for International Development on the structure and access to the UK’s markets to be offered to developing countries. This will reflect the UK’s longstanding support for Least Developed Countries and other developing country trading partners including through preferential trade agreements. This recognises that trade can be an effective way of growing economies and reducing poverty internationally.