Trade Agreements: New Zealand

(asked on 24th May 2021) - View Source

Question to the Department for International Trade:

To ask the Secretary of State for International Trade, with reference to table 5 of her Department's report, UK-New Zealand free trade agreement: the UK's strategic approach, published on 17 June 2020, what the exact long run percentage change in Gross Value Added is for (a) agriculture and (b) semi-processed food under (a) scenario 1 and (b) scenario 2.


Answered by
Greg Hands Portrait
Greg Hands
Minister of State (Department for Business and Trade)
This question was answered on 27th May 2021

The scoping assessments published back in June 2020 for Australia and New Zealand assessed the potential impacts of a deal in advance of negotiations, under various illustrative scenarios.

The assessments include estimates of the long-run impacts on gross value added (GVA) and employment for various sectors. The sector estimates are subject to a high degree of uncertainty. They are therefore presented as ranges, rather than point estimates, to reflect the lack of precision for these estimates.

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