Impact of the UK–US trade deal on the domestic ethanol industry and the green economy

That this House recognises and applauds the historic trade deal established between the UK and the UK as a major achievement for the UK economy and a testament to the Government's commitment to enhancing international trade relations; acknowledges the potential boost that this agreement represents for various sectors across the nation, further solidifying the UK's standing within the global market; expresses concern, however, regarding the impact of the tariff removal on ethanol imports from the US, which allows volumes that are equivalent to the entire current UK market; believes that this adjustment poses significant challenges to local companies, whose competitiveness may be adversely affected by the influx of US ethanol, threatening jobs and growth in the UK's domestic ethanol industry; notes the importance of the green industry in Hull and East Yorkshire, which plays a crucial role in the sustainable energy landscape of the UK; and calls upon the Government to carefully consider the potential economic repercussions on local producers and ensure measures are taken to protect and nurture this vital sector of the UK economy, promoting a balanced trade approach that supports both international and domestic growth.