Research and analysis

Trade and investment agreement between EU and USA: estimated impact on UK

Assessment of the potential economic impact of the Transatlantic Trade and Investment Partnership between the EU and USA on the UK.

• From: Department for Business, Innovation & Skills
• Published: 13 May 2013

Documents

Estimating the economic impact on the UK of a Transatlantic Trade and Investment Partnership (TTIP) agreement between the European Union and the United States

Ref: BIS/13/869

PDF, 1.68 MB, 69 pages

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Details

Assesses the likely impact of a free trade and investment agreement between the EU and the USA (the Transatlantic Trade and Investment Partnership or TTIP) on the UK economy.

It uses a computable general equilibrium model to assess the potential impact of tariff reductions and liberalisation of non tariff barriers.

It suggests that there could be signficant gains. In the long run, UK national income could rise by between £4 billion and £10 billion annually, with the main gains being generated by the liberalisation of non-tariff barriers.

The report includes an assessment of the impact on trade as well as national income and includes estimates for the impact on sectors as well as on the UK economy as a whole.

Published 13 May 2013