Free Trade Agreements Effect on the East Midlands 2020-06-18
2020-06-18
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Response quality
Questions & Answers
Q1
Direct Answer
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Context
The member seeks information regarding how FTAs will impact the economic recovery in their region.
What assessment has been made of the potential effect of future free trade agreements on the economy in the east midlands?
Free trade agreements will aid Britain's recovery from coronavirus by bringing better jobs, higher wages, greater choice and lower prices to consumers and businesses. Lower tariffs and barriers will help businesses in the east midlands diversify supply chains and reduce reliance on any single country.
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Assessment & feedback
Response accuracy
Q2
Direct Answer
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Context
The member asks about concrete steps being taken to prepare local companies for new trading opportunities.
I am pleased that we can now open direct negotiations with some of our oldest and closest allies. What steps are the Government taking to support businesses in the east midlands to make the most of the new opportunities created by these future trade agreements?
As a trading nation, we will champion free trade, remove barriers and tariffs. We have an experienced team supporting companies access exporting opportunities and provide export credit and insurance through UK Export Finance.
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Assessment & feedback
Response accuracy