Trade Agreements: Australia and New Zealand

Department for Business and Trade written question – answered at on 23 June 2023.

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Photo of Andrew Rosindell Andrew Rosindell Conservative, Romford

To ask the Secretary of State for Business and Trade, if she will make an assessment of the economic impact of the free-trade deals with (a) Australia and (b) New Zealand as of 14 June 2023.

Photo of Nigel Huddleston Nigel Huddleston Minister of State (Department for Business and Trade)

The Department’s impact assessments of the UK-Australia and UK-New Zealand Free Trade Agreements (FTAs) were published on 17th December 2021 and 28th February 2022 respectively. These impact assessments set out the potential long-run incremental economic impact of these FTAs and are available on gov.uk.

As the agreements only entered in force since 31st May 2023 it would not be credible or proportionate to assess the economic impact to date.

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