Overseas Trade

(asked on 15th July 2021) - View Source

Question to the Department for International Trade:

What recent assessment she has made of the potential effect of her Department’s trade policies on growth for British businesses.


Answered by
Graham Stuart Portrait
Graham Stuart
Minister of State (Department for Energy Security and Net Zero)
This question was answered on 15th July 2021

We have set out the potential impacts of Free Trade Agreements in our published Scoping Assessments for the US, Australia, New Zealand and CPTPP. An Impact Assessment has also been published on the recently signed agreement with Japan, which shows that it goes beyond the existing EU deal, providing a long-run boost to the UK economy of around £1.5bn, compared to a situation without the deal. Output in the North West and Wales could increase by £64 million and £34 million respectively.

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