Source · Select Committees · Welsh Affairs Committee
Recommendation 10
10
Should there be a deal then we urge the UK Government to continue working with...
Recommendation
Should there be a deal then we urge the UK Government to continue working with the EU and business groups in 2021 to explore how non-tariff barriers and additional burdens and costs can be minimised for Welsh producers. For example, we are concerned about the implications of new processes and checks for just in time supply chains. In the event that a deal cannot be struck then we call on the UK Government to write to us with evidence of preparations and proposals to mitigate any specific risks to the Welsh economy as a result of trading with the EU on WTO terms. (Paragraph 44) Customs arrangements and ports of entry post-transition phase
Government Response
Acknowledged
HM Government
Acknowledged
• The Government does not plan to publish a Wales-specific impact assessment for trade agreements. We have published scoping assessments for agreements with the United States, Japan, Australia, and New Zealand.1 These scoping assessments set out the potential economic impacts on the UK including on all UK regions and nations. Impact assessments on future new free trade agreements will also include an assessment of the potential economic impacts on UK regions and nations. • We have published an impact assessment for the Comprehensive Economic Partnership Agreement (CEPA) with Japan, which sets out the potential economic impacts on all nations and regions of the UK, including Wales.2 The CEPA Impact Assessment shows that all parts of the UK could benefit from the CEPA. Output in Wales could increase by 0.05% in the long run, equivalent to £34 million in 2017 terms.