Future International Trade Opportunities

Part of the debate – in Westminster Hall at 4:30 pm on 1st May 2019.

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Photo of Craig Tracey Craig Tracey Conservative, North Warwickshire 4:30 pm, 1st May 2019

I beg to move,

That this House
has considered future international trade opportunities for the UK.

It is a pleasure to serve under your chairmanship, Mr Rosindell.

Leaving the European Union will provide us with a unique set of opportunities to develop trade policy. As we leave influences and restrictions put on us by the EU, we will be offered an exciting opportunity to compete more freely in global markets. That is one reason why I voted to leave the EU, and I know that was first and foremost in the minds of the 67% of my constituents in North Warwickshire and Bedworth who voted the same.

I recognise not only the opportunities but the challenges—we will face stiff competition globally—but we have to take the opportunity to ensure that the benefits of leaving the EU are fully recognised and, importantly, felt throughout the whole UK, not just in small pockets of it. I have discussed that with many businesses in my constituency and more widely in meetings here in Parliament, and I genuinely feel that we are ready and that the UK will be well placed to fulfil our huge potential.

As the Government know, according to International Monetary Fund projections, 90% of world growth is likely to come from outside the EU, so in future a greater proportion of UK trade will be with non-EU countries. That will be the case whether we are inside or outside the EU.