LONDON, Oct. 8 (Reuters / EP) –
The UK government has revised on Tuesday the tariffs that will come into force if the country leaves the European Union without agreement and has concluded that 88 percent of imports will not have to pay entry fees.
The country seeks a balance between keeping prices affordable for the consumer and protecting local producers, although agreed values may be modified from the outset through an “exceptional review process”.
“The United Kingdom is a free market nation and British commerce is in a strong position to compete in an open context and free trade,” said the Secretary of State for Trade Policy, Conor Burns.
Just 23 days after the official exit of the United Kingdom from the largest commercial block in the world, and without agreement, the Government is preparing for a possible chaotic exit from the EU. Initially, before the original Brexit date in March 2019, London established a tariff regime as part of the measures.
The revisions, which were motivated by industry recommendations, reduce the tariff imposed on trucks, raise the price to import clothes and adjust the rate for bioethanol, to help local producers of this fuel that is vital for The country's infrastructure.
The Government has imposed some protections for British products, such as car manufacturers and agricultural producers, while other industries will have foreign competition with more competitive prices.