Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what assessment his Department has made of the potential cumulative impact of the UK's trade agreements with South Korea, India and the United States on GDP in the next ten years.
Our impact assessments, published on gov.uk, set out the potential long-run impacts of new FTAs on the United Kingdom’s GDP. It would not make sense to agglomerate the estimates published in individual impact assessments for these deals as the analyses are not directly comparable due to differences in model structure, data, and scenarios.
Our assessments of trade agreements with India and South Korea suggest the deals are expected to have significant benefits for the UK economy. Negotiations with the US are ongoing, and we will publish our analysis of that as soon as practicable after signature.