Source · Select Committees · Welsh Affairs Committee
Recommendation 23
23
Paragraph: 92
As part of its trade negotiation strategy, we call on the UK Government to publish...
Recommendation
As part of its trade negotiation strategy, we call on the UK Government to publish a Wales-specific impact assessment of any trade agreements, including the recently signed agreement with Japan.
Paragraph Reference:
92
Government Response
Not Addressed
HM Government
Not Addressed
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.