Commentary
The UK has begun its first working week since it has ceased to be a member of the European Union. Though in most practical ways not much has changed for now, the UK will speak in its own capacity on matters of international trade. On the evening of 31 January the UK formally notified the […]
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Introduction With the decision taken by the UK government to exit the EU there are a myriad of questions and issues for all sectors of the economy including agriculture, the rural environment and the food economy. Although agriculture is a small part of the UK economy (0.59% of GDP in 2017) its importance is far […]
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The political tumult in the UK over the manner in which Brexit would happen has all but drowned out discussions on the UK’s trade policy after Brexit. Admittedly, the matter of a UK-USA free trade agreement periodically resurfaces. But usually in headline-grabbing ways shorn of serious analysis, as was the case during US Vice President […]
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A central plank of the UK Government’s Brexit policy is to re-establish an “independent” UK international trade policy following more than forty years of integration into the Common Commercial Policy (CCP) of the European Union. This would have been hard enough technically, even without the ill-tempered stand-off into which the Brexit negotiations have now declined. […]
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Once the preserve of trade policy wonks, GATT Article XXIV has entered mainstream political discourse in the UK. Ever since the Withdrawal Agreement negotiated between the UK and EU was first voted down in parliament, various political figures (Dominic Raab being the latest) have referred to this Article as paving the way for a “managed […]
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President Trump announced on 10 May 2019 his decision to increase from 10% to 25% tariffs which were imposed in 2018 on $200 billion worth of US annual goods imports from China. The action came after bilateral trade discussions between China and the US on major differences between them failed to deliver an agreement. He […]
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With the UK parliament showing little sign of resolving its differences of opinion with itself on the UK’s departure from the EU, the UK government has published a list of customs duties that would apply “temporarily” in the event of a “no-deal“ exit. The government says that under such arrangements 87% of imports to the […]
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How do you work out a trade deal? If you are a party to one of the 280 or so other free trade agreements (FTAs) in the world[1], your starting point was the commitments you had made at the WTO. This is technically referred to trade on Most Favoured Nation (MFN) terms.[2] You and other […]
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What can be done to save the WTO? The question was on the minds of officials from 13 countries – including Canada, the European Union, Australia, Switzerland, Brazil, Kenya and Mexico – meeting in Ottawa at the end of October. The meeting came on the heels of proposals put forward by Canada and the EU, […]
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On 24 July 2018 the United Kingdom submitted to the World Trade Organisation (WTO) draft new national schedules of tariffs and equivalent charges on UK imports of goods, to come into effect when the UK leaves the European Union. Their contents will become public in due course. For now they are confidential to WTO member […]
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