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Trade Policy Update

06 February 2020

Proposing MP
Elizabeth Truss Con
South West Norfolk
Type
Written Ministerial Statement
Department
Department for International Trade
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At a Glance

Issue Summary

The Department for International Trade launched a public consultation to develop the UK's independent tariff policy following Brexit.

Action Requested

The Government is seeking views through a consultation and regional events until March 5th, 2020, to inform the development of the new UK Global Tariff (UKGT) schedule which will replace the EU’s Common External Tariff on January 1st, 2021.

Key Facts

  • The Government is developing a new Most Favoured Nation (MFN) tariff schedule known as the UK Global Tariff (UKGT).
  • The consultation period ends on March 5th, 2020.
  • The UK will implement the UKGT regime starting January 1st, 2021.
  • The new regime replaces the EU’s Common External Tariff applied on imports into the UK.
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