Question to the Department for International Trade:

To ask the Secretary of State for International Trade, what estimate her Department has made of the impact on UK GDP of goods traded under the UK-Australia Free Trade Agreement over the next (a) five and (b) 10 years.

Our impact assessment shows that the UK-Australia FTA could increase trade with Australia by around 53% and boost the economy by around £2.3 billion (when compared to projected levels of GDP in 2035). The modelling in our impact assessment assesses the long-run impacts, typically assumed to be around 15 years in the future.