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<p>HMG publishes scoping assessments to assess the impacts of free trade agreements,
in advance of negotiations. Following signature of an agreement, a full impact assessment
is published prior to implementation. These assessments set out the impact of each
agreement at a sectoral (including agriculture and the food sector) and sub-national
level including Wales.</p><p> </p><p>The exact impacts of future trade agreements
are uncertain and together with the devolved administrations, Defra has established
the UK Agricultural Market Monitoring Group (UKAMMG) to monitor and assess the impact
of market developments across the UK. The group monitors UK agricultural markets including
price, supply, trade and recent developments, enabling it to provide forewarning of
any atypical market movements. The UKAMMG will flag where further investigation of
market developments is required and when policy teams and Ministers should be informed
of any developments. Whilst the UK Government works closely with the Welsh Government
in monitoring the UK agricultural markets it remains sensitive to the fact that agriculture
is a devolved policy area.</p><p> </p><p>In addition, HMG is actively monitoring the
impact of newly implemented free trade agreements and is currently developing the
tools and evidence for future monitoring and evaluation of free trade agreements.</p><p>
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