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European Union: Trading Arrangements - Question

Part of the debate – in the House of Lords at 11:22 am on 30th January 2020.

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Photo of Lord Callanan Lord Callanan Minister of State (Department for Exiting the European Union) 11:22 am, 30th January 2020

I thank the noble Lord for his interest in these matters, but the whole point of a free trade agreement is that it is an improvement on WTO terms. The reason that many nations around the world want to adopt them is that people do not want to get into paying tariffs and quotas, which are an impediment to free trade. We are confident, given the agreement and the political declaration, that we can reach an ambitious free trade agreement with the EU before the end of the implementation period, and that is exactly what we will be doing.