Trade Agreements
(asked on 2nd November 2022) - View Source
Question to the Department for International Trade:
To ask the Secretary of State for International Trade, how much her Department estimates the UK’s GDP to increase by in the next 10 years as a result of current trade deals made since Brexit.
Answered by
Andrew Bowie
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 14th November 2022
Our published impact assessments set out the potential marginal long-run impacts of new free trade agreements on the United Kingdom’s GDP. Agreements with Japan, Australia and New Zealand are part of a set of deals with 71 countries plus the EU that the government has negotiated. These partners accounted for £814bn of UK bilateral trade in 2021.