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Trade Update

25 April 2022

Proposing MP
Anne-Marie Trevelyan Con
Berwick-upon-Tweed
Type
Written Ministerial Statement
Department
Department for International Trade
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At a Glance

Issue Summary

The statement discusses the UK's agreement to liberalise tariffs on Ukrainian imports and the expansion of sanctions against Russia.

Action Requested

The UK Government is laying secondary legislation to amend domestic law for tariff liberalisation with Ukraine, encouraging other nations to follow suit. Additionally, new import bans and tariff increases on Russian goods are being implemented, totalling over £1bn worth of products affected by these measures.

Key Facts

  • On Thursday 21st April, the UK agreed to liberalise tariffs on Ukrainian imports under a nonreciprocal basis.
  • The UK will lay secondary legislation to amend domestic law for tariff liberalisation with Ukraine.
  • New sanctions include import bans and tariff increases on over £1bn of Russian goods.
  • Tariff increases are being imposed on diamonds, rubber, and other products from Russia and Belarus.
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