Skip to main content

Overseas Trade

Question for Department for Exiting the European Union

UIN HL5009, tabled on 25 January 2017

To ask Her Majesty’s Government, further to the speech by the Prime Minister on 17 January setting out the Government’s objectives for exiting the EU, whether they have commissioned a comparative assessment of the economic and trade impacts of (1) leaving the EU single market and trading under WTO rules, and (2) negotiating new trade deals; if so, whether this assessment includes negotiating timelines and sectoral impacts; and whether any such assessment will be published, and if so, when.

Answered on

8 February 2017

The Department for Exiting the European Union, working with officials across government, continues to undertake a wide range of data analysis covering the entirety of the UK economy and our trading relationships with the EU. We are looking at over 50 sectors as well as cross-cutting regulatory issues to inform the UK's position for the upcoming negotiations with our EU partners. Furthermore, the government has already started discussions on future trade ties with countries like Australia, New Zealand and India. These discussions will be informed by careful economic analysis. The Department's Officials and Ministers are working closely with other departments, including the Foreign and Commonwealth Office, the Department for International Trade and others to deliver the best outcomes for the UK.

We have however been clear that we are not going to publish anything that might risk harming our negotiating position, and the House of Commons has voted on a motion that endorses that approach.

Answered by

Department for Exiting the European Union