Seema Malhotra

I will come to that later in my remarks. My hon. Friend makes a good point. Ratifying the agreement will also make it easier to share the benefits of research more widely and efficiently. That will allow those who might not be able to carry out such research themselves to use it and consider where innovations might be made. That is an important benefit of the Bill. The Bill is the culmination of nearly two decades of international negotiations. The agreement represents a once-in-a-generation step forward in ocean governance, to ensure that areas beyond national jurisdiction are managed sustainably, transparently and equitably. Through the Bill, the United Kingdom will be able to play its full part in that effort. It will allow our scientists, companies and research institutions to participate confidently in the new frameworks on marine genetic resources, to contribute to the development of area-based management tools, and to meet international standards on environmental impact assessments in areas beyond national jurisdiction. Royal Assent early next year—subject to time in the House—will place the UK in a strong position to ratify the agreement and to take its seat at the first Conference of the Parties, which is expected to be in the second half of 2026. It is vital that the UK is at that table.