Next week the second reading of the UK Government’s Trade Bill will take place in the UK Parliament. This will be an opportunity for MPs to enter into serious debate about an issue that will be much discussed in 2018 – how should the UK formulate its post-Brexit trade policy?
The Trade Bill has been widely criticised for being published only a day after a consultation had ended. Its “disappointingly brief” contents include proposals for how the UK will implement 40 existing EU trade agreements once it leaves the EU and the establishment of a new independent UK body, the Trade Remedies Authority, to defend UK businesses against unfair trade practices.
But for a country that has not had a trade policy for 40 years, it is alarmingly silent on how government will negotiate new trade agreements. There is nothing in the Trade Bill which sets out a process of public or parliamentary scrutiny of future UK trade policy, nor individual trade agreements which the UK government seeks to sign. Nor is their any process identified for how the potential impacts of any future trade deals will be evaluated. Campaigning organisations have been demanding that proper accountability and scrutiny mechanisms are included within the Bill.
This is not just a technical dry piece of legislation. It seeks to take important steps towards a future UK trade policy, and frames the issues which the government sees as important priorities within that policy. MPs should be demanding in the debates next week that fundamental principles of accountability for, and scrutiny of trade policy are included within the Bill’s remit.