UK-EU Trade and Cooperation Agreement

(asked on 30th December 2020) - View Source

Question to the Cabinet Office:

To ask the Chancellor of the Duchy of Lancaster and Minister for the Cabinet Office, when he plans to publish a comprehensive and independently-verified economic impact assessment for the UK-EU Trade and Cooperation Agreement.


Answered by
Penny Mordaunt Portrait
Penny Mordaunt
Lord President of the Council and Leader of the House of Commons
This question was answered on 18th January 2021

This is the first free trade agreement the EU has ever reached based on zero tariffs and zero quota. Businesses will be able to continue to trade smoothly, selling to their customers in the EU, and people will be able to continue to buy goods from Europe tariff-free, protecting consumer prices.

The agreement provides for streamlined customs arrangements, including recognising our respective trusted trade schemes, to support the smooth flow of goods at the border and to reduce administrative costs for traders. This deal also enables us to introduce our own modern subsidy system so that we can better support businesses to grow and thrive, in a way that best suits the interests of UK industries.

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