Trade Agreements: Economic Growth
The question
To ask the Secretary of State for Business and Trade, what recent estimate his Department has made of the potential impact of trade deals negotiated since 2020 on economic growth in (a) England, (b) Wales, (c) Scotland and (d) Northern Ireland.
Answered by Mr Douglas Alexander
The Department of Business and Trade (DBT) does not hold an aggregated value for the impact of the signed trade deals on the UK’s nations and regions. Instead, the Department publishes individual Impact Assessments (IAs) for new free trade agreements (FTAs) which set out the potential economic impacts on the UKs nations and regions. These show that all English regions and UK nations are expected to benefit from the new FTAs signed with Japan, Australia, New Zealand and CPTPP.
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