Trade Agreements

Department for International Trade written question – answered on 22nd June 2020.

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Photo of Baroness Ritchie of Downpatrick Baroness Ritchie of Downpatrick Non-affiliated

To ask Her Majesty's Government what progress they have made in rolling over UK trading arrangements with countries that have an agreement with the EU.

Photo of Lord Grimstone of Boscobel Lord Grimstone of Boscobel The Minister of State, Department for International Trade, The Minister of State, Department for Business, Energy and Industrial Strategy

As of 31st January 2020, when the United Kingdom left the EU, we had successfully concluded and signed trade continuity agreements with 48 countries.

This accounts for £110 billion of United Kingdom trade in 2018, which represents 74% of the trade with countries with whom we were seeking continuity before the Withdrawal Agreement was signed – and we are continuing our programme to replicate the effects of existing EU trade agreements with other countries to ensure maximum continuity for British businesses following the transition period.

Work continues on these remaining trade continuity agreements in a way that reflects the reality of the current situation and respects public health. An up-to-date list of trade continuity agreements, signed and in discussion, is publicly available at: gov.uk/guidance/uk-trade-agreements-with-non-eu-countries.

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