14
We asked what the Department was doing to measure the actual benefits of trade agreements.
Conclusion
We asked what the Department was doing to measure the actual benefits of trade agreements. The Department told us that it is committed to monitoring and evaluating the impacts of agreements.33 For example, it has committed to publishing monitoring reports for the Australia and Japan agreements two years after they enter into force and 26 C&AG’s Report, para 4.2 and Figure 13 27 Q 81 28 Qq 34, 81 29 C&AG’s report, para 4.2; Qq 16, 30, 73 30 Qq 4, 10 31 Q 4 32 Qq 27, 30 33 Q 30, 34, 54 Progress with trade negotiations 13 evaluating the agreements within five years.34 The Department said it recognises that it will be challenging to deliver the forecast impacts and ensure the agreements are being used by businesses.35 Use by businesses
Government Response
A response document is linked to this report, dated 27 May 2022. Response attribution to this conclusion has not been verified. Read the response document.
Source
Committee
Public Accounts Committee
Inquiry
Progress with trade negotiations
Report
Forty-Fifth Report - Progress with trade negotiations
18 Mar 2022
HC 993
Addressee Bodies
HM Treasury
Timeline
Recommendation age
4.5 yrs
Report published
18 Mar 2022