Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, whether his Department has updated its computable general equilibrium models to incorporate post-2024 trade flow data.

DBT uses data provided by the Global Trade Analysis Project (GTAP) for CGE modelling. The latest publicly available data is GTAP 11 with the latest reference year 2017. As a consortium member of the Project, we have early access to forthcoming newer versions before they are published. Making use of this we used the pre-publication GTAP 12 dataset, with latest reference year 2019, for the modelling presented in the Impact Assessment of the UK-India Free Trade Agreement.