I regularly meet with my ministerial colleagues to discuss a range of topics, including our future trade agreements. This includes the quarterly Inter-Ministerial Trade Advisory Groups, in addition to regular bi-lateral meetings.<\/p>
Leaving the EU has given us the ability to strike our own trade deals, creating new opportunities for our excellent businesses in Wales to trade internationally. The Australia Free Trade Agreement (FTA) is the first we have negotiated from scratch since leaving the EU and shows what we are capable of as a sovereign trading nation. This trade deal can boost Wales\u2019 economy by around £60 million. We have further achieved an agreement in Principle with New Zealand, and through this Welsh automotive companies will benefit from the removal of tariffs of up to 10% and build on their £3.4m of exports to New Zealand in 2020.<\/p>
Further trade agreements in the pipeline include agreements with India, the US, Gulf Co-Operation Council, along with the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Joining CPTPP puts us into the dynamic economies of the Pacific region, with UK exports to current CPTPP countries already set to increase by 65% by 2030, equating to £37 billion for the UK as whole.<\/p>
In addition to this, we are also renegotiating FTAs with Canada and Mexico later in the year to build on our existing bilateral trade relationship with these countries. These exciting trade deals will open up new markets to Welsh businesses and create exciting new export opportunities.<\/p>
Businesses across Wales and the UK have the ability to seize the opportunities provided by these trade agreements, and the UK Government will continue to support businesses to achieve their trading potential. To support this vision, the UK Government has announced its new Export Strategy called \u2018Made in the UK, Sold to the World\u2019, with the aim of helping UK businesses hit £1 trillion in exports. This twelve-point strategy includes support for businesses through the UK Export Academy, UK Export Finance, and a new UK Tradeshow Programme, all designed to provide UK businesses with the tools they need to promote and export their products abroad, and help the UK become a nation of exporters.<\/p>
<\/p>
<\/p>
<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/3944", "label" : {"_value" : "Biography information for Simon Hart"} } , "answeringMemberConstituency" : {"_value" : "Carmarthen West and South Pembrokeshire"} , "answeringMemberPrinted" : {"_value" : "Simon Hart"} , "dateOfAnswer" : {"_value" : "2022-01-18", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2022-01-18T14:28:31.593Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "28"} , "answeringDeptShortName" : {"_value" : "Wales"} , "answeringDeptSortName" : {"_value" : "Wales"} , "date" : {"_value" : "2022-01-12", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Trade Agreements: Wales"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Secretary of State for Wales, what discussions he has had with Cabinet colleagues on how people in (a) Newport West constituency and (b) Wales can benefit from trade agreements signed by the Government.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4716", "label" : {"_value" : "Biography information for Ruth Jones"} } , "tablingMemberConstituency" : {"_value" : "Newport West"} , "tablingMemberPrinted" : [{"_value" : "Ruth Jones"} ], "uin" : "102767"} , {"_about" : "http://data.parliament.uk/resources/1169607", "AnsweringBody" : [{"_value" : "Wales Office"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1169607/answer", "answerText" : {"_value" : "
We are working with countries across the world to explore the best ways to develop our current trade and investment relationships and ensure that Britain becomes a global leader in free trade once we leave the EU.<\/p>
<\/p>
The UK\u2019s exit from the EU creates an opportunity for the UK to send a positive signal that our markets are open and we are determined to promote business with the developing world.<\/p>
<\/p>
Increased trade and investment with developing countries creates opportunities for UK firms and consumers, for example lowering prices, and opening fast-growing markets for UK exporters.<\/p>
<\/p>
My Department and others, including the Department for International Trade, are determined to ensure that the needs and interests of Wales are well represented and that any future trade deal works for the whole of the UK. We consult closely with the Welsh Government on this work.<\/p>
<\/strong><\/p>"}
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, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
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], "questionText" : "To ask the Secretary of State for Wales, what recent assessment he has made of the potential benefit to the Welsh economy of new free trade deals with developing countries.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/1447", "label" : {"_value" : "Biography information for Andrew Rosindell"}
}
, "tablingMemberConstituency" : {"_value" : "Romford"}
, "tablingMemberPrinted" : [{"_value" : "Andrew Rosindell"}
], "uin" : "1312"}
, {"_about" : "http://data.parliament.uk/resources/732364", "AnsweringBody" : [{"_value" : "Wales Office"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/732364/answer", "answerText" : {"_value" : " The Welsh economy approaches its departure from the EU in a strong position. Such strength is demonstrated in Wales\u2019s ability to attract globally recognised brands such as Aston Martin and Qatar Airways.<\/p> <\/p> As we leave the EU we are seeking to take advantage of all opportunities available to us. We want to ensure that Britain becomes a global leader in free trade, and Ministers and officials in DIT are working with counterparts in a range of markets to promote the UK, including Wales as a great place to do business and with which to trade.<\/p> <\/p> The UK Government is developing a trade policy that will work for every part of the United Kingdom, and will continue to champion the interests of companies and citizens across the UK, including in Wales.<\/p> <\/strong><\/p> <\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4086", "label" : {"_value" : "Biography information for Alun Cairns"}
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, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
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], "questionText" : "To ask the Secretary of State for Wales, what steps he is taking to ensure that Wales is not adversely affected by trade deals negotiated when the UK leaves the EU.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/545", "label" : {"_value" : "Biography information for Paul Flynn"}
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, "tablingMemberConstituency" : {"_value" : "Newport West"}
, "tablingMemberPrinted" : [{"_value" : "Paul Flynn"}
], "uin" : "1000"}
, {"_about" : "http://data.parliament.uk/resources/636303", "AnsweringBody" : [{"_value" : "Department for International Trade"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/636303/answer", "answerText" : {"_value" : " The Department for International Trade does not hold the requested information for trade in Welsh goods and services. According to departmental analysis of ONS statistics, approximately 11% of UK goods exports benefitted from reduced or zero tariffs under trade agreements between the EU and third countries in 2015. This figure takes into account preferential agreements that are not free trade agreements.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4074", "label" : {"_value" : "Biography information for Mark Garnier"}
}
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, "answeringMemberPrinted" : {"_value" : "Mark Garnier"}
, "dateOfAnswer" : {"_value" : "2016-11-22", "_datatype" : "dateTime"}
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, "questionFirstAnswered" : [{"_value" : "2016-11-22T16:37:11.793Z", "_datatype" : "dateTime"}
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, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
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], "questionText" : "To ask the Secretary of State for International Trade, what proportion of trade in Welsh goods and services was undertaken on a tariff-free basis in accordance with free-trade agreements negotiated through the EU in the last 12 months.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/3943", "label" : {"_value" : "Biography information for Jonathan Edwards"}
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