Import Controls: Prices
The question
To ask the Secretary of State for Business and Trade, whether his Department has made an assessment of the potential impact of non-tariff measures to consumer prices on different UK Standard Industrial Classification groups.
Answered by Chris Bryant
The Department for Business and Trade (DBT) has not published a specific, comprehensive assessment detailing the potential impact of non-tariff measures (NTMs) on consumer prices across all individual UK Standard Industrial Classification (SIC) groups.
DBT produces indicative valuation estimates for market access barriers using a range of methodologies including ad valorem equivalents (AVEs). The method estimates how export demand, and therefore export value, could change in response to the removal of NTM-associated costs and subsequent price changes. The methodology could be found at Methodologies for valuing market access barriers - GOV.UK. This methodology does not provide an assessment across all individual SIC groups.
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