News and analysis on trade policy in Europe
Tuesday, October 4, 2022
Apart from the ratification of the Australia trade agreement and the launch of FTA talks with Israel, here’s what else happened this week in UK trade. UK and India FTA talks make solid progress The UK and India are making good progress towards concluding at least an interim free trade …
The UK still has no control over its customs border vis-à-vis the European Union….And London is trying to get around lack of market access progress with Washington by talking to individual US states.
While the big global headlines focus on the still-unfolding big Russia-induced events in Brussels, there is some movement on the UK trade front too. By Chris Horseman and Iana Dreyer.
The United States has agreed to lift its Section 232 tariffs on UK steel imports as from 1 June 2022 – but only within an annual tariff rate quota of 500,000 tonnes.
Washington has taken the first steps towards breathing new life into the United Kingdom-United States trade relationship with the creation of a new intergovernmental forum for trade cooperation.
Negotiations are set to begin imminently on how to remove United States ‘Section 232’ tariffs on United Kingdom steel and aluminium exports. The move, announced today, has come just a week after Unites States Trade Representative Katherine Tai had appeared to de-prioritise the resolution of the steel issue with Britain …
The UK is manifestly back of the queue in US trade policy but front of the queue in Australia…
The United Kingdom is set to exempt certain United States biodiesel products from the countervailing duties to which they have been subject since 2009. In a move which will please US biofuel exporters, the Trade Remedies Authority announced on Wednesday (15 December) that it is proposing to drop countervailing duties …
United Kingdom steelmakers’ fears that they will face a competitive disadvantage on the United States market after 1 January 2022 are set to become a reality, following meetings this week between the US and UK government ministers.
The UK-US-EU ‘triangle’ is one to keep watching. The British government is going through a few self-inflicted setbacks in its trade relationships with the United States, giving the European Union an advantage as it settles Trump-era trade irritants. But over time London should – and will – strengthen its diplomacy …
