Trade Agreements: Spain
The question
To ask the Secretary of State for Business and Trade, what assessment he has made of the implications of UK-Spain economic co-operation for small and medium-sized enterprises.
Answered by Chris Bryant
- Our bilateral cooperation with Spain is creating opportunities for British businesses, including the Spanish government’s decision to exempt British nationals from a visa requirement for the provision of services in stays of less than ninety days. This could be worth around £250 million in additional exports to UK businesses over a five-year period. This will benefit UK businesses of all sizes exporting to Spain.
- Our cooperation with the EU is also reducing barriers to trade. An SPS Agreement with the EU will make agrifood trade easier, cutting costs and red tape for British producers and retailers, including small and medium enterprises that currently trade or want to trade with Spain and other EU countries.
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