Grahame Morris
Labour, Easington
To ask the Secretary of State for Business, Innovation and Skills, what assessment he has made of the potential economic costs and benefits of the Transatlantic Trade and Investment Partnership for the North East of England.
Matthew Hancock
Minister of State (Department for Business, Innovation and Skills), Minister of State for Portsmouth, The Minister of State, Department of Energy and Climate Change
The Transatlantic Trade and Investment Partnership could deliver a substantial economic boost for people living in the North East. For example the chemicals sector, which has a large presence in the region, could particularly benefit. Based on independent economic analysis, the Government estimates that the North East’s share of increased exports could be up to £1.05 billion.
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