Transatlantic Trade and Investment Partnership

Department for Business, Innovation and Skills written question – answered on 28th October 2015.

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Photo of Tasmina Ahmed-Sheikh Tasmina Ahmed-Sheikh Shadow SNP Westminster Group Leader (Trade and Investment)

To ask the Secretary of State for Business, Innovation and Skills, what assessment the Government has made of the potential economic and employment effects of the proposed Transatlantic Trade and Investment Partnership in each of the constituent parts of the UK.

Photo of Tasmina Ahmed-Sheikh Tasmina Ahmed-Sheikh Shadow SNP Westminster Group Leader (Trade and Investment)

To ask the Secretary of State for Business, Innovation and Skills, if he will assess the potential economic and employment effects of the proposed Transatlantic Trade and Investment Partnership in each of the constituent parts of the UK.

Photo of Anna Soubry Anna Soubry The Minister of State, Department for Business, Innovation and Skills

An independent assessment of the potential economic impact of the Transatlantic Trade and Investment Partnership (TTIP) on the UK as a whole was carried out for the Government by the Centre for Economic Policy Research (CEPR). This assessment demonstrated that TTIP offers an enormous economic benefit: in growth, exports and high quality jobs, worth up to £10 billion a year.

We are currently considering undertaking further research into effects of TTIP in each of the UK regions.

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