Asked by: Kim Johnson (Labour - Liverpool, Riverside)
Question to the Department for International Trade:
What recent assessment she has made of the potential effect of her Department’s trade policies on growth for British businesses.
Answered by Graham Stuart - Minister of State (Department for Energy Security and Net Zero)
We have set out the potential impacts of Free Trade Agreements in our published Scoping Assessments for the US, Australia, New Zealand and CPTPP. An Impact Assessment has also been published on the recently signed agreement with Japan, which shows that it goes beyond the existing EU deal, providing a long-run boost to the UK economy of around £1.5bn, compared to a situation without the deal. Output in the North West and Wales could increase by £64 million and £34 million respectively.
Asked by: Kim Johnson (Labour - Liverpool, Riverside)
Question to the Department for International Trade:
To ask the Secretary of State for International Trade, what progress she has made on a trade agreement with Ghana.
Answered by Ranil Jayawardena
We are working to secure continuity in our trade arrangements with Ghana after the end of the Transition Period, or as soon as possible thereafter, and continue to engage the Government of Ghana to replicate the effects of our existing Agreement. However, if a deal cannot be reached, Ghana will be eligible for the General Framework of the United Kingdom’s Generalised Scheme of Preferences from 1st January 2021.