Service Industries: UK Trade with EU

Department for Exiting the European Union written question – answered on 2nd August 2017.

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Photo of Baroness Neville-Rolfe Baroness Neville-Rolfe Conservative

Her Majesty's Government what assessment they have made of the impact of relying on agreements under the WTO for trade with the EU27 should an agreement with the EU not be reached by April 2019 in the following services sectors: (1) financial services, (2) professional business services, (3) digital services, (4) creative services, (5) air services, (6) tourism, (7) education, and (8) health-related travel services.

Photo of Baroness Anelay of St Johns Baroness Anelay of St Johns Minister of State (Department for Exiting the European Union)

The Department for Exiting the EU is working with officials across government and undertaking a programme of analytical work to assess the economic impacts of exiting the European Union across a range of scenarios.

As part of our analysis we are looking at more than 50 sectors within the areas of goods; services; financial services; network industries; and agriculture and fisheries as well as cross-cutting regulations. This will inform the UK's position for the negotiations with our EU partners.

However, Parliament has asked the Government to protect information that could undermine the UK's negotiating position and the Government will respect this.

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