Trade Agreements: Japan

(asked on 16th September 2020) - View Source

Question to the Department for International Trade:

To ask the Secretary of State for International Trade, what proportion of the estimated £15.2 billion increase in trade as a result of the UK-Japan free trade agreement announced by her Department on 9 September 2020 is additional to the estimated increase in trade already projected as a result of the UK rolling over the provisions of the existing EU-Japan economic partnership agreement beyond the end of the transition period.


Answered by
Greg Hands Portrait
Greg Hands
Minister of State (Department for Business and Trade)
This question was answered on 21st September 2020

The preliminary analysis from the published Scoping Assessment shows that in the long-run a UK-Japan agreement could increase UK-Japan trade by £15.2 billion, compared to a situation where the UK does not have an agreement with Japan. That preliminary analysis does not include an assessment of the proportion of the estimated increase in trade that is attributable to the EU-Japan economic partnership agreement.

Further details on the preliminary analysis is set out in our published Scoping Assessment and can be found here:https://www.gov.uk/government/publications/uks-approach-to-negotiating-a-free-trade-agreement-with-japan

A full Impact Assessment will be published when the agreement is laid before parliament.

Reticulating Splines