Source · Select Committees · Business and Trade Committee
Recommendation 4
4
Acknowledged
GT-EPD scrutiny limited due to informal negotiation and absent economic impact analysis.
Conclusion
We welcome the extension of the treaty parliamentary scrutiny period from 10 to 20 sitting days, as set out in the Trade Strategy. However, we regret that scrutiny of the GT-EPD are limited due to the trade-related provisions having been negotiated outside a formal treaty process, and that an economic impact analysis or framework has not been published. It remains unclear when the House will be able to debate the individual measures already implemented ahead of the finalisation of the Economic Prosperity Deal. (Conclusion, Paragraph 49)
Government Response Summary
The government acknowledges the committee's concerns by listing past statements to the House and committing to continue informing Parliament on EPD developments, with any final agreement subject to established scrutiny procedures.
Government Response
Acknowledged
HM Government
Acknowledged
The previous Secretary of State for Business and Trade delivered statements to the House regarding UK-US trade on 2 April, 12 May and 18 June, and the previous Minister for Trade delivered a statement on 8 May. The current Minister for Trade laid a statement on 13 October. We will continue to keep the House fully informed on EPD developments along with the expected economic outcomes of the final deal. As Ministers have consistently made clear, any final agreement for the EPD will be scrutinised by Parliament in line with established procedures.