Transatlantic Trade and Investment Partnership

Oral Answers to Questions — Foreign and Commonwealth Office – in the House of Commons at 11:30 am on 20 January 2015.

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Photo of Neil Carmichael Neil Carmichael Conservative, Stroud 11:30, 20 January 2015

What recent discussions he has had with his EU and US counterparts on progress in negotiations on the proposed Transatlantic Trade and Investment Partnership.

Photo of David Lidington David Lidington The Minister for Europe

My right hon. Friend the Prime Minister discussed TTIP this month with both Chancellor Merkel and President Obama. My right hon. Friend the Foreign Secretary and I regularly raise the subject of TTIP, and the benefits that it would bring to businesses and consumers, in our conversations with both European and United States colleagues.

Photo of Neil Carmichael Neil Carmichael Conservative, Stroud

Given that misinformation verging on conspiracy theory is emerging from various quarters about the impact of TTIP, what more can the Minister and his colleagues do to promote and highlight the economic and trade advantages that a successful agreement would bring to this country?

Photo of David Lidington David Lidington The Minister for Europe

Ministers continue to speak up for the benefits of TTIP, with my noble Friend Lord Livingston in the vanguard. A successful TTIP deal would benefit the average British family by about £400 a year by delivering a greater choice of products at lower prices, and would give our small businesses much better access to the 300 million consumers in the United States.