Trade Agreements: USA

Department for International Trade written question – answered on 8th July 2020.

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Photo of Luke Pollard Luke Pollard Shadow Secretary of State for Environment, Food and Rural Affairs

To ask the Secretary of State for International Trade, what estimate she has made of the proportional effect on Gross Domestic Product of the (a) beef, (b) poultry, (c) pig, (d) dairy and (e) egg farming sectors as a result of a free trade agreement with the US; and if she will make a statement.

Photo of Greg Hands Greg Hands The Minister of State, Department for International Trade

Free trade agreements can provide our farmers with a range of new opportunities including access to new markets, a reduction in US tariffs that may be as high as 26% on beef and over 25% on some cheese products, along with cheaper costs for UK agricultural inputs which will benefit our domestic producers.

Our analysis in our Scoping Assessment showed that a Free Trade Agreement (FTA) with the US is estimated to deliver an increase in output (as measured by Gross Value Added) of between 0.05% and 0.5% for the UK’s agriculture sector.

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