Trade Agreements: Japan

Department for International Trade written question – answered on 16th September 2020.

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Photo of Daisy Cooper Daisy Cooper Liberal Democrat Spokesperson (Education)

To ask the Secretary of State for International Trade, with reference to her Department's estimate that the recently announced UK-Japan trade agreement will result in a £1.5 billion boost to the UK economy, whether that figure refers specifically to an increase in UK GDP; what year was used as a baseline when calculating that figure; and what (a) maximum, (b) minimum and (c) central estimates were used to calculate that figure.

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

Further details on the preliminary analysis is set out in our published Scoping Assessment and can be found here:

https://www.gov.uk/government/publications/uks-approach-to-negotiating-a-free-trade-agreement-with-japan

A full Impact Assessment will be published when the agreement is laid before parliament.

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