Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, with reference to the oral answer given by the Minister of State for Business and Trade of Tuesday 18 July 2023, Official Report, column 779, what the evidential basis is for the estimate that that in the long run at least £2 billion a year will be added to the economy as a result of membership of the Comprehensive and Progressive agreement for Trans-Pacific Partnership.
The analysis brings together robust evidence from across Government using a range of data and analytical tools including data on historic sectoral trading patterns, future trends from the Global Trade Outlook and factors in economy wide impacts to estimate the potential impacts.
The methodology underlying our analysis is also published in full. This impact assessment has been independently scrutinised by the Regulatory Policy Committee, an independent body.