To ask Her Majesty’s Government, further to the Written Answer by Lord Livingston of Parkhead on 19 November (HL2689), what research they have conducted since 1992 to determine the impact on United Kingdom trade of the free trade agreements negotiated on the United Kingdom's behalf by the European Commission.
The Department conducts Impact Assessments of Free Trade Agreements (FTAs) between the European Union (EU) and other major economies, including, as far as possible, impacts on United Kingdom (UK) trade. Impact Assessments have been published on the FTAs between the European Union and Korea; and between the EU and the Andean countries (Colombia and Peru). These are available at http://www.legislation.gov.uk/ukia/2010/328/pdfs/ukia_20100328_en.pdf and http://www.legislation.gov.uk/ukia/2013/151/pdfs/ukia_20130151_en.pdf.
The Department published research into the potential impact on the UK of an FTA between the EU and the United States (US) in 2013. This research has informed the Government’s approach to the Transatlantic Trade & Investment Partnership (TTIP), currently under negotiation. This research estimates a long-term permanent annual increase in bilateral trade between the UK and US of around £38 billion. The study is available at: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/198115/bis-13-869-economic-impact-on-uk-of-tranatlantic-trade-and-investment-partnership-between-eu-and-us.pdf.
To assess the impacts of other FTAs on the UK, the Department draws on analysis conducted by the European Commission. The European Commission has conducted research into the estimated impact on the EU of FTAs it has negotiated and is negotiating on the UK’s behalf. The studies also consider the impact of FTAs on bilateral trade. These Impact Assessments are available at: http://ec.europa.eu/trade/policy/policy-making/analysis/sustainability-impact-assessments/assessments/
The European Commission has also commissioned an evaluation of the impact on EU trade of several Free Trade Agreements concluded since 1992, including with Chile and South Africa. This found that the FTA with Chile had increased the EU’s exports to Chile by 148% and the FTA with South Africa had increased the EU’s exports to South Africa by 63% compared to what would have been without the FTAs. This study is available at: http://trade.ec.europa.eu/doclib/docs/2011/may/tradoc_147905.pdf.