Trade Agreements

(asked on 18th July 2023) - View Source

Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, how much the then Department for International Trade spent (a) negotiating and (b) implementing free trade agreements in financial year 2022-23.


Answered by
Nusrat Ghani Portrait
Nusrat Ghani
Minister of State (Minister for Europe)
This question was answered on 2nd August 2023

The then Department for International Trade spent £46.2m in 2022-23 on the negotiation and implementation of Free Trade Agreements.

This enabled the Government to ratify new trade deals with Australia and New Zealand, which could lead to a £10.4 billion and £1.7 billion long run increase in bilateral trade respectively, conclude negotiations with the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and progress negotiations with India, the Gulf Cooperation Council (GCC), Canada, Mexico, Israel, and Switzerland.

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