2 December 2014
Alok Sharma questions the Government about starting concurrent discussions on bilateral free trade agreements with high-growth economies such as India in case the British people choose to leave the EU.
Alok Sharma (Reading West) (Con): The Foreign Secretary has made it clear that any renegotiation with the EU will have trade at its heart, which my constituents welcome ahead of the referendum, but does the Minister envisage concurrent discussions on bilateral free trade agreements with high-growth economies such as India, which will be needed in case the British people choose to leave the EU, or will any such discussions come after the referendum vote?
The Minister for Europe (Mr David Lidington): As my hon. Friend knows, the treaty provisions are that the EU has exclusive competence over international trade negotiations, which means that we benefit from the collective leverage of a market of about 500 million people in prising open access to third markets. As regards India, the Prime Minister raised with the Indian Prime Minister at Brisbane the need to reopen the EU-India talks on free trade which had been paused because of the Indian election. We hope very much that Mr Modi’s Government will want to take that forward now.
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Alok Sharma (Reading West) (Con): The Foreign Secretary has made it clear that any renegotiation with the EU will have trade at its heart, which my constituents welcome ahead of the referendum, but does the Minister envisage concurrent discussions on bilateral free trade agreements with high-growth economies such as India, which will be needed in case the British people choose to leave the EU, or will any such discussions come after the referendum vote?
The Minister for Europe (Mr David Lidington): As my hon. Friend knows, the treaty provisions are that the EU has exclusive competence over international trade negotiations, which means that we benefit from the collective leverage of a market of about 500 million people in prising open access to third markets. As regards India, the Prime Minister raised with the Indian Prime Minister at Brisbane the need to reopen the EU-India talks on free trade which had been paused because of the Indian election. We hope very much that Mr Modi’s Government will want to take that forward now.
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