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Legislation for the UK’s independent tariff policy
Today the Government has taken the necessary steps to bring into legal effect the UK’s first independent global tariff regime for almost 50 years.
From:
16 December 2020
From the 1 January 2021 the UK Global Tariff will replace the EU’s Common External Tariff as the UK’s Most Favoured Nation tariff – the framework it will use to trade independently outside of free trade agreements.
The UK Global Tariff is tailored to the needs of the UK economy, backing British business to compete on the world stage.
It’s simpler to use, greener, and cuts red tape and other unnecessary barriers to trade. It will make it easier for businesses to import goods from overseas. Today, 16 December, steps will be taken to bring this into law, with the laying of Statutory Instruments before Parliament as part of a wider legislative package.
MIL-OSI UK: Legislation for the UK s independent tariff policy | Global ForeignAffairs co nz foreignaffairs.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foreignaffairs.co.nz Daily Mail and Mail on Sunday newspapers.