Asked by: Lord De Mauley (Conservative - Excepted Hereditary)
Question to the Department for International Trade:
To ask Her Majesty’s Government, given the importance to the UK economy of the export of services, whether they intend that any trade agreements that they negotiate in future will give as great a prominence to services as to goods.
Answered by Lord Price
Services exports are of great importance to the UK economy - the UK ran an £89.9bn surplus on services exports in 2015. The UK is a strong advocate for services trade liberalisation, and leaving the European Union presents an opportunity for the UK to become a world leader in the free trade of services. The Government will consider all options in the design of future bilateral trade agreements.