Asked by: Baroness Crawley (Labour - Life peer)
Question to the Department for International Trade:
To ask Her Majesty's Government what plans they have, if any, to seek a trade agreement along similar lines to the EU–Mercosur trade agreement once the UK has departed the EU; if so, whether they have begun any such discussions with Argentina, Brazil, Paraguay and Uruguay; and when they expect any such negotiations to be concluded.
Answered by Viscount Younger of Leckie - Shadow Minister (Work and Pensions)
The EU-Mercosur trade agreement reached political conclusion on 28 June 2019. This means that we have yet to receive the final text, which would be needed to assess the impacts of the final negotiated outcome, including which commercial sectors would benefit. This text is unlikely to be available for some time since the EU and Mercosur are still finalising the details of the agreement, which will then need to undergo legal review and official translation.
We welcome the news of political conclusion between the EU and Mercosur on a Free Trade Agreement. As a global champion of trade, the UK has been a strong advocate for these negotiations. The UK has longstanding positive bilateral relationships with individual Mercosur countries and we look forward to deepening our trading ties as we leave the EU. We will be working with our Mercosur partners to develop our future trade relationship in due course.
Asked by: Baroness Crawley (Labour - Life peer)
Question to the Department for International Trade:
To ask Her Majesty's Government what assessment they have made of the benefits of the EU–Mercosur trade agreement; and which commercial sectors in the UK are expected to benefit from this agreement.
Answered by Viscount Younger of Leckie - Shadow Minister (Work and Pensions)
The EU-Mercosur trade agreement reached political conclusion on 28 June 2019. This means that we have yet to receive the final text, which would be needed to assess the impacts of the final negotiated outcome, including which commercial sectors would benefit. This text is unlikely to be available for some time since the EU and Mercosur are still finalising the details of the agreement, which will then need to undergo legal review and official translation.
We welcome the news of political conclusion between the EU and Mercosur on a Free Trade Agreement. As a global champion of trade, the UK has been a strong advocate for these negotiations. The UK has longstanding positive bilateral relationships with individual Mercosur countries and we look forward to deepening our trading ties as we leave the EU. We will be working with our Mercosur partners to develop our future trade relationship in due course.