Question to the Department for Business, Innovation, Science and Trade:

To ask the Secretary of State for Business and Trade, what assessment he has made of the potential impact of the UK-Gulf trade deal on UK exports over the next decade.

The UK–GCC Free Trade Agreement is estimated to increase UK exports to the GCC by £14.3 billion annually (22.6%) in the long run compared to 2040 projections.

The agreement will eliminate tariffs on around 93% of current UK exports, worth an estimated £580 million in duties each year once fully implemented, with £360 million removed on entry into force. It will also reduce non‑tariff barriers, secure market access and provide UK exporters with a competitive edge.

The government will publish a full impact assessment alongside signature which will set out the impacts across sectors, regions and protected characteristics.