Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, whether her Department has made a recent assessment of the impact of the EU-UK Trade and Cooperation Agreement on levels of trade.
The UK-EU Trade and Cooperation Agreement (TCA) ensures that UK businesses can trade with the EU tariff-and quota-free. The EU remains a vital export destination for British businesses. In the 12 months to June 2023 total exports to the EU were up 21% on pre-pandemic (2018) levels in current prices.
The UK is now more open to the world. We're using our post Brexit-freedoms to unlock fresh export opportunities. We have already secured trade deals with 73 countries plus the EU that accounted for £1.1 trillion of UK bilateral trade last year.