Trade Agreements

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

Alert me about debates like this

Photo of Lord Taylor of Warwick Lord Taylor of Warwick Non-affiliated

To ask Her Majesty’s Government what is their assessment of the International Business Advisory Council's statement that implementing the World Trade Organisation’s trade facilitation agreement should be a priority for governments.

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

The Government strongly supports the World |trade Organisation (WTO) Agreement on Trade Facilitation and encourages other WTO Members to ratify so that the agreement can enter into force as soon as possible.

Implementation of the Agreement will reduce the costs of cross-border trade, benefitting consumers and business alike. Once implemented, studies suggest the Agreement will add over £70 billion to the global economy. Of this, we expect a benefit to the UK of up to £1bn.

Does this answer the above question?

Yes0 people think so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.