It will then become a statutory body to scrutinise future trade deals, following intense lobbying from farm leaders.
“It has been a hard-fought political battle for the statutory body that will replace us,” said Mr Smith.
“And that will lead to quite challenging discussions about who should be included.”
He added: “In transparency is where it will find its strength; the challenge for government is to make the most use of it.”
He said the commission’s report would outline ways to create a “fair and safe food and farming system for all” and he assured farmers its recommendations would focus on preventing a race to the bottom.
“We want no backsliding on standards and no turning back the clock on standards,” added Mr Smith.
‘Transparency key to Trade and Agriculture Commission success’