Trade Agreements: Australia and New Zealand

(asked on 8th June 2022) - View Source

Question to the Department for International Trade:

To ask the Secretary of State for International Trade, what assessment she has made of the economic impact of the UK's trade deals with (a) Australia and (b) New Zealand on farmers in the South West.


Answered by
Penny Mordaunt Portrait
Penny Mordaunt
Lord President of the Council and Leader of the House of Commons
This question was answered on 14th June 2022

Impact Assessments of the Free Trade Agreements between the UK and Australia and the UK and New Zealand have been published by the department and are available on gov.uk. These include impacts on UK nations and English regions and on sectors of the economy.

In the central estimates, the UK-Australia FTA could increase GVA in the South West by £131m, and the UK-New Zealand FTA by £34m, in the long run.

The documents also describe the potential impacts on the agri-food sectors for the UK. Sectoral impacts by nation and region are not available.

Reticulating Splines