Skip to main content

UK-EU Trade and Cooperation Agreement

Question for Department for Business, Energy and Industrial Strategy

UIN HL14239, tabled on 15 March 2021

To ask Her Majesty's Government what assessment they have made of the impact of the UK–EU Trade Cooperation Agreement on the amount of revenue raised by UK manufacturers; and what steps they are taking in response any such impact.

Answered on

30 March 2021

The impacts on the UK economy of the Trade and Co-operation Agreement and our global trade deals will not be fully understood until the new processes and procedures are fully embedded. We have secured a Trade Deal that we believe will sustain the success of the UK manufacturing sector with 100% tariff liberalisation, and modern and appropriate rules of origin. This includes Product-Specific Rules of Origin tailored to the needs of UK businesses in manufacturing sectors such as automotive, aluminium, chemicals, machinery and food and drink.