Exports: Energy
The question
To ask the Secretary of State for Business and Trade, what recent assessment he has made of the potential impact of energy price differentials on the volume of UK services exports to CPTPP member nations.
Answered by Chris Bryant
Specific analysis on the impact of energy price differentials on services exports to CPTPP has not been produced.
The Government published an Impact Assessment in 2023 that estimated the potential impacts of UK accession to CPTPP, which found that the majority of services sectors are expected to see an increase in exports as a result of UK accession.
DBT is continually monitoring implementation of the agreement and will conduct a comprehensive evaluation of its impacts.
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