G7: Charlevoix, Quebec - Statement

Part of the debate – in the House of Lords at 6:16 pm on 11th June 2018.

Alert me about debates like this

Photo of Lord Wallace of Saltaire Lord Wallace of Saltaire Liberal Democrat 6:16 pm, 11th June 2018

My Lords, does the Leader of the House accept that, for some of us, this is an almost surreal communiqué? It talks about the agreement of communiqué, but the President of United States has already resisted it. We are committed to the World Trade Organization, but the United States Administration are currently doing their utmost to undermine the global trading system, including—as I read in my emails this morning—by resisting the appointment of new judges to the arbitration procedures. So we have a crisis in the global trading system that this Statement does not begin to reflect.

Does the noble Baroness also accept that the commitment to a “rules-based trading system”, which is again proclaimed in the Statement, is resisted by many within her own party as incompatible with British sovereignty when it comes to the European Union and that their suggestion that the World Trade Organization will be sufficient does not come to terms either with the weakness of the world trading system or with the necessary compromises of sovereignty which those international rules would require of Britain?

Lastly and most importantly, since the Secretary of State for International Trade and the Foreign Secretary appear to regard the EU as the enemy, and the sooner we get out from co-operating with it the better, can the noble Baroness inform us whether we intend to co-operate with the other members of the EU in imposing countermeasures for the next nine months, for the next nine months plus the transition and implementation period or for longer? We thought that solidarity with the EU was something that we were about to get rid of.