New Zealand has agreed to reallocate part of its share of its World Trade Organization bound tariff rate quotas for sheepmeat and beef from the UK to the EU27 – albeit in the knowledge that it will soon have duty-free access to the British market in any case.
UK Australia & NZ
The latest on UK trade policy below.
The Ukraine war is affecting a lot of trade files, also British ones.
Another week another discovery of how the United Kingdom’s post-Brexit trade policy is unfolding in reality. European Commission formalises powers to take action against any UK TCA breaches The European Commission has tabled a proposal which would give it legal powers to suspend all or part of the EU-UK trade …
The United Kingdom and New Zealand can be considered among the countries most open to trade within a strong ruleset, and their recently released free trade agreement text unsurprisingly therefore breaks some new ground. However, with often relatively weak new provisions it isn’t a new model for inclusive trade that …
The UK is playing catch-up with other Western countries’ sanctions and preparing to ratify two prized free trade agreements. UK bans sales of aircraft parts to Russia, expands scope of other sanctions London has responded to Russia’s invasion of Ukraine by deepening and expanding its existing sanctions against Moscow. Foreign …
The big British trade news this week was the formal signing of a prized free trade agreement with New Zealand. But there were other matters on the table too.
The United Kingdom and New Zealand have signed a comprehensive free trade agreement which will establish some of the most liberal terms of trade of any major bilateral trade agreement.
Here some developments in UK trade policy this week.
New Zealand is very close to wrapping up lengthy negotiations on a post-Brexit reallocation of agricultural EU tariff rate quotas between the UK and the EU27 – and may have achieved an overall increase in the aggregate quota volume in the process, according to well-informed sources.