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Trade Agreements

Asked by Alison GriffithsConservativeDepartment for Business and TradeTabled Answered 18 December 2025UIN 100056

The question

To ask the Secretary of State for Business and Trade, whether his Department has updated its computable general equilibrium models to incorporate post-2024 trade flow data.

Answered by Chris Bryant

DBT uses data provided by the Global Trade Analysis Project (GTAP) for CGE modelling. The latest publicly available data is GTAP 11 with the latest reference year 2017. As a consortium member of the Project, we have early access to forthcoming newer versions before they are published. Making use of this we used the pre-publication GTAP 12 dataset, with latest reference year 2019, for the modelling presented in the Impact Assessment of the UK-India Free Trade Agreement.

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