14 Accepted

As the Government has accepted, its Impact Assessment of the UK-Australia FTA is based on...

Recommendation
As the Government has accepted, its Impact Assessment of the UK-Australia FTA is based on a relatively limited model of its likely consequences for farming and other sectors of the economy. We welcome the Government’s review of how to improve the quality of its impact assessment process and call on Ministers to take forward the improvements recommended in time to inform the impact assessments for all future FTAs. We welcome the Government’s review of how to improve the quality of its impact assessment process and call on Ministers to take forward the improvements recommended in time to inform the impact assessments for all future FTAs.
Government Response Summary
The Government accepts the recommendations of the Trade Modelling Review Expert Panel to improve the detail, rigour, and presentation of trade modelling and intends to implement them fully, leading to developments in sectoral detail, regional impacts, and adjustment pathways over time.
Paragraph Reference
92
Government Response
Accepted
HM Government Accepted
The Government is committed to considering new analysis, methodology and evidence on environmental, regional, demographic, animal welfare and other social impacts of trade agreements. The published Report of the Government’s Trade Modelling Review Expert Panel (https://www.gov.uk/government/publications/trade-modelling-review-expert-panel- report-and-recommendations/trade-modelling-review-expert-panel-report) includes recommendations to improve the detail, rigour, and presentation of trade modelling. The Government accepts the recommendations and intends to implement them fully. This will lead to developments in sectoral detail, regional impacts, and adjustment pathways over time. These extensions must be implemented carefully and with due quality assurance processes, therefore changes to our Impact Assessments are likely to be incremental, but the direction of travel is clear from the Panel report.
Timeline
Recommendation age 4.0 yrs
Report published 17 Jun 2022