21
Acknowledged
We asked why the National Farmers Union is so pessimistic about the trade agreement.
Conclusion
We asked why the National Farmers Union is so pessimistic about the trade agreement. The Department admitted that there were risks and downsides to the deal and that a body which represents the interests of farmers would be concerned about the downside, although the Department considered the downside to be very unlikely.55 We acknowledged that a trade deal requires compromise on both sides. However, the National Farmers Union may have concerns that farmers have been disadvantaged by the agreement so that the UK can gain access to Australia’s financial services market.56
Government Response Summary
DIT is committed to using monitoring and evaluation (M&E) findings to ensure that the benefits for businesses, workers and consumers are maximised and will publish a biennial FTA monitoring report. DIT will also work with DEFRA to support agricultural, and food and drink exports.
Government Response
Acknowledged
Government Response
Acknowledged
HM Government
Acknowledged
4.2 DIT is committed to using monitoring and evaluation (M&E) findings to ensure that the benefits for businesses, workers and consumers are maximised, and that lessons are learnt which inform the design of the department’s future trade policies. DIT will do this while working closely with DEFRA and other government departments. 4.3 DIT has committed to publishing a biennial FTA monitoring report, which will provide the Department’s analytical evidence base to inform and engage Parliament, the public and other interested stakeholders, including in the agriculture sector. 4.4 DIT will also work with DEFRA to support agricultural, and food and drink exports. DIT are working collaboratively with DEFRA to establish and launch the Food and Drink Export Council and are supporting DEFRA to establish and recruit a new cohort of agri-food attaches in key markets.
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
4.2 yrs
Report published
18 Mar 2022