The UK left the European Union on 31 January. We now have the opportunity to develop an independent trade policy. The UK has always been a champion of free trade and firm believer in the vital role trade plays in boosting wealth and raising billions out of poverty. We will seek to use our new powers to catalyse free trade across the world.
The Department for International Trade (DIT) is the UK’s international economic department responsible for securing UK and global prosperity by promoting and financing international trade and investment, and championing free trade. It is working to establish deeper trade and investment relationships with countries across the world. It is also preparing the UK’s first independent tariff policy (or Most Favoured Nation (MFN) policy) in nearly fifty years
The UK Global Tariff (UKGT) will apply to goods imported into the UK on 1 January 2021 and thereafter unless an exception such as a preferential arrangement, e.g. under a free trade agreement, or a tariff suspension applies. This tariff will not apply to goods coming from developing countries that benefit under the Generalised System of Preferences, or to goods originating from countries with which the UK has negotiated a Free Trade Agreement. The Northern Ireland / Ireland Protocol in the Withdrawal Agreement provides for certain specific arrangements as regards Northern Ireland.
The Government is committed to taking account of the views from the general public, business and civil society and international stakeholders and launched a 4-week public consultation on the UK Global Tariff on 6 February 2020. This consultation will close on 5 March 2020 at 23:59 GMT.
For more information, or to contribute to the consultation please click on the below link: