UK-EU Trade and Cooperation Agreement

(asked on 27th November 2023) - View Source

Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, whether her Department has made a recent assessment of the impact of the EU-UK Trade and Cooperation Agreement on levels of trade.


Answered by
Greg Hands Portrait
Greg Hands
This question was answered on 5th December 2023

The UK-EU Trade and Cooperation Agreement (TCA) ensures that UK businesses can trade with the EU tariff-and quota-free. The EU remains a vital export destination for British businesses. In the 12 months to June 2023 total exports to the EU were up 21% on pre-pandemic (2018) levels in current prices.

The UK is now more open to the world. We're using our post Brexit-freedoms to unlock fresh export opportunities. We have already secured trade deals with 73 countries plus the EU that accounted for £1.1 trillion of UK bilateral trade last year.

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