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EU: UK Trade

House of Lords written question – answered on 24th January 2011.

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Photo of Lord Stoddart of Swindon Lord Stoddart of Swindon Independent Labour

To ask Her Majesty's Government, in light of the recent PricewaterhouseCoopers report The World in 2050 that concludes that Britain is paying a price for its over-reliance on customers in the European Union and the United States, what assessment they have made of the impact of European Union regulations on Britain's trade with the rest of the world.

Photo of Lord Green of Hurstpierpoint Lord Green of Hurstpierpoint The Minister of State, Foreign and Commonwealth Office, The Minister of State, Department for Business, Innovation and Skills

There is no comprehensive assessment of the consequences of European Union regulations on Britain's trade with the rest of the world. However, using the EU single market as a platform for innovation, economies of scale and trade should help British firms to be more competitive internationally and seize global opportunities.

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