Trade Agreements

(asked on 23rd March 2021) - View Source

Question to the Department for International Trade:

To ask Her Majesty's Government what assessment they have made of the UK's trade deals since the UK’s departure from the EU.


This question was answered on 30th March 2021

HM Government is committed to a trade policy that secures opportunities for people in every corner of the country.

Scoping Assessments are published to provide a preliminary assessment of the potential long run impacts of new Free Trade Agreements in advance of negotiations. We have already published Scoping Assessments for agreements with the United States, Japan, Australia and New Zealand. An impact assessment for the United Kingdom-Japan Comprehensive Economic Partnership Agreement (CEPA) – the first major trade deal that the United Kingdom has struck as an independent trading nation – has also been published.

That Impact Assessment shows the United Kingdom-Japan CEPA could increase British Gross Domestic Product (GDP) by £1.5 billion in the long run, compared to trading under World Trade Organisation (WTO) terms.

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