Trade Agreements: Newcastle-under-Lyme
The question
To ask the Secretary of State for Business and Trade, what steps he is taking to ensure that a) businesses, b) economic growth and c) higher education institutions in Newcastle-under-Lyme are impacted by trade deals.
Answered by Chris Bryant
As the Honourable Member would expect, we do not direct the effects of individual Free Trade Agreements (FTAs) towards specific organisations within specific constituencies, nor do we monitor the way they are exploited in such granular detail. However, FTAs have an important role to play in delivering economic growth in all constituencies and all sectors. Through FTAs, businesses can benefit from tariff reductions, improved market access, and enhanced protections in investment and digital trade. The Department is working hand-in-hand with UK businesses to ensure firms have the tools and knowledge they need to seize these opportunities. If the Honourable Member knows of specific businesses that need assistance in exploiting our FTAs, he should approach the department and we will be happy to assist.
Last year we concluded trade negotiations with India and the Republic of Korea. Our assessments suggest these deals will have significant benefits across the UK economy and key industrial strategy sectors.
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