Trade Agreements

Department for International Trade written question – answered on 3rd July 2018.

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Photo of Philip Hollobone Philip Hollobone Conservative, Kettering

To ask the Secretary of State for International Trade, what proportion of the value of the UK's international trade in (a) goods and (b) services is conducted under free trade agreements.

Photo of Graham Stuart Graham Stuart Parliamentary Under-Secretary (Department for International Trade)

In 2017, UK goods trade with non-EU countries, with which the UK has a preferential trading relationship due to its membership of the EU, accounted for 12.4% (equivalent to £102bn) of total UK goods trade with the world.

In 2016, UK services trade with non-EU countries, with which the UK has a preferential trading relationship due to its membership of the EU, accounted for 11.2% (equivalent to £45bn) of total UK services trade with the world.

Sources

Trade in goods: ONS Trade in goods MRETS (April 2018);

Trade in services: ONS Pink Book (October 2017). The next release is scheduled for 31st July 2018.

The figures referring to non-EU countries with which the UK has a preferential trading relationship exclude those countries with EU trade agreements that have not been provisionally applied yet, according to the European Commission website: http://ec.europa.eu/trade/policy/countries-and-regions/negotiations-and-agreements/#_in-place

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