UK-EU Trade and Cooperation Agreement

(asked on 27th November 2023) - View Source

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.


Answered by
Greg Hands Portrait
Greg Hands
Minister of State (Department for Business and Trade)
This question was answered on 5th December 2023

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.

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