Question to the Department for International Trade:

To ask the Secretary of State for International Trade, what assessment she has made of the impact of the UK-Australia free trade agreement on (a) gross value added to, (b) exports from, (c) tariffs paid by and (d) levels of employment within of small and medium sized enterprises in the UK in the next (i) three years and (ii) 10 years.

Our published impact assessments for the Australia and New Zealand free trade agreements (FTAs) set out the potential long-run impacts of these FTAs on UK GDP, sectors, and employment. They also make an assessment of the potential implications for small and medium sized enterprises (SMEs).

These assessments show the proportion of UK SMEs that are present in sectors most likely to be affected by the FTAs. Estimating the impacts of UK FTAs on gross value added (GVA), tariffs and employment specifically for SMEs is not possible using the currently available trade data and modelling methodology.