New Partnership with the EU

Part of the debate – in the House of Commons at 1:51 pm on 17th January 2017.

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Photo of Kate Green Kate Green Labour, Stretford and Urmston 1:51 pm, 17th January 2017

The EU is in the process of concluding international trade deals with, for example, Japan and Canada, which the UK Government have warmly supported, believing they will be good for the UK economy; I understand that the UK Government estimate that the Japanese deal could be worth £5 billion annually to the British economy. How quickly can those deals be replaced when we leave the EU, and what modelling have the Government done of the potential cost to our economy if they cannot quickly be replaced with new deals?