Members of the Lords, including a former minister of state in the Department of Business, Energy and Industrial Strategy and a shadow spokesperson for international trade, discussed the key principles and purpose of the Trade Bill during second reading, on Tuesday 11 September
Baroness Meyer (Conservative), made her maiden speech.
Members discussed a range of subjects covered by the bill including border arrangements in Northern Ireland, continued participation in the European medicines regulatory network and Free Trade Agreements.
Committee stage, the first chance to amend the bill and make changes, has yet to be scheduled.
Trade Bill summary
This bill aims to:
- Ensure the UK can implement any procurement obligations arising from the UK becoming a member of the Agreement of Government Procurement (GPA) in its own right.
- Assist with the implementation of UK trade agreement with assisting partner countries.
- Establish a new body, the Trade Remedies Authority.
- Allow HM Revenue and Customs (HMRC) to collect information confirming the number of exporters of goods and services in the UK.
- Establish a date sharing gateway between HMRC and other public and private bodies.