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Trade Agreements

Department for International Trade written question – answered on 24th September 2018.

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

To ask Her Majesty's Government whether they anticipate any additional costs associated with the necessary renegotiation over trading agreements between the UK and European Free Trade Association countries and Turkey.

Photo of Baroness Fairhead Baroness Fairhead The Minister of State, Department for International Trade

The Department was created in July 2016 following the result of the EU referendum and was specifically established as part of the government’s EU exit strategy. Given DIT’s objectives, all funding contributes to preparing for the UK’s exit from the EU. As per the 2018-19 Main Estimates, DIT’s total funding is £360.6m.

It was announced in March 2017 that DIT would also receive £74m of EU exit funding, which can be found in the Chief Secretary’s Written Ministerial Statement, HCWS540. (https://www.parliament.uk/business/publications/written-questions-answers-statements/written-statement/Commons/2018-03-13/HCWS540/)

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