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<p>His Majesty’s Government has conducted its own impact assessment of the benefits
of the Electronic Trade Documents Bill and found that, in our best estimate scenario,
the benefits to UK businesses involved in international trade will be £1.137 billion
over 10 years. We intend to publish the impact assessment shortly.</p><p>There is
a diverse and geographically dispersed range of businesses involved in international
trade in the UK, according to <a href="https://www.ons.gov.uk/businessindustryandtrade/business/businessservices/datasets/annualbusinesssurveyimportersandexporters"
target="_blank">ONS figures</a>. In 2020, there were 263,000 exporting businesses
in the UK, 124,000 of which exported goods; further <a href="https://www.ons.gov.uk/businessindustryandtrade/business/businessservices/datasets/annualbusinesssurveyimportersandexporters"
target="_blank">ONS estimates</a> show that around 75% of UK businesses which exported
in 2020 are based outside London. Current research does not allow us to assess impacts
at the local authority level, however.</p><p> </p>
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