Division of TRQs Based on Trade Flows Among EU, UK Commitments for Post-Brexit WTO Membership
The United Kingdom and the European Commission told World Trade Organization members in an Oct. 11 letter that post-Brexit tariff-rate quotas should be divided between the U.K. and the EU based on trade flows under each current EU TRQ. “In…
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
doing so, we propose to follow a common approach, [for, among other things,] data and methodology, and to engage actively with WTO Members on these,” says the letter by EU Permanent Representative to the WTO Marc Vanheukelen and Julian Braithwaite, UK Permanent Representative to the International Organizations in Geneva. The U.K. will have separate schedules than the EU for goods and services commitments for the WTO, to take effect immediately upon leaving the EU, scheduled to be completed in March 2019, the letter says. The UK intends to “replicate as far as possible” its obligations under current EU commitments to the WTO, including remaining subject to the rights and obligations it currently has under the WTO Government Procurement Agreement (GPA) as an EU member state, the letter says. The EU will remain party to the GPA, the letter says. “The UK and the EU are committed to engaging with the WTO Membership in a spirit of cooperation, inclusiveness and openness on these matters over the course of the coming weeks and months.”