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<p> </p><p /> <p>The Department conducts Impact Assessments of Free Trade Agreements
(FTAs) between the European Union (EU) and other major economies, including, as far
as possible, impacts on United Kingdom (UK) trade. Impact Assessments have been published
on the FTAs between the European Union and Korea; and between the EU and the Andean
countries (Colombia and Peru). These are available at <a href="http://www.legislation.gov.uk/ukia/2010/328/pdfs/ukia_20100328_en.pdf"
target="_blank">http://www.legislation.gov.uk/ukia/2010/328/pdfs/ukia_20100328_en.pdf</a>
and <a href="http://www.legislation.gov.uk/ukia/2013/151/pdfs/ukia_20130151_en.pdf"
target="_blank">http://www.legislation.gov.uk/ukia/2013/151/pdfs/ukia_20130151_en.pdf</a>.</p><p
/> <p> </p><p /> <p> </p><p /> <p> </p><p /> <p>The Department published research
into the potential impact on the UK of an FTA between the EU and the United States
(US) in 2013. This research has informed the Government’s approach to the Transatlantic
Trade & Investment Partnership (TTIP), currently under negotiation. This research
estimates a long-term permanent annual increase in bilateral trade between the UK
and US of around £38 billion. The study is available at: <a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/198115/bis-13-869-economic-impact-on-uk-of-tranatlantic-trade-and-investment-partnership-between-eu-and-us.pdf"
target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/198115/bis-13-869-economic-impact-on-uk-of-tranatlantic-trade-and-investment-partnership-between-eu-and-us.pdf</a>.</p><p
/> <p> </p><p /> <p> </p><p /> <p> </p><p /> <p>To assess the impacts of other FTAs
on the UK, the Department draws on analysis conducted by the European Commission.
The European Commission has conducted research into the estimated impact on the EU
of FTAs it has negotiated and is negotiating on the UK’s behalf. The studies also
consider the impact of FTAs on bilateral trade. These Impact Assessments are available
at: <a href="http://ec.europa.eu/trade/policy/policy-making/analysis/sustainability-impact-assessments/assessments/"
target="_blank">http://ec.europa.eu/trade/policy/policy-making/analysis/sustainability-impact-assessments/assessments/</a></p><p
/> <p> </p><p /> <p> </p><p /> <p> </p><p /> <p>The European Commission has also commissioned
an evaluation of the impact on EU trade of several Free Trade Agreements concluded
since 1992, including with Chile and South Africa. This found that the FTA with Chile
had increased the EU’s exports to Chile by 148% and the FTA with South Africa had
increased the EU’s exports to South Africa by 63% compared to what would have been
without the FTAs. This study is available at: <a href="http://trade.ec.europa.eu/doclib/docs/2011/may/tradoc_147905.pdf"
target="_blank">http://trade.ec.europa.eu/doclib/docs/2011/may/tradoc_147905.pdf</a>.</p><p
/> <p> </p><p /> <p> </p><p> </p>
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