Banff and Buchan MP encourages businesses to respond to UK Global Tariff consultation.
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A consultation has opened on a new post-Brexit UK Global Tariff that ministers have said will allow businesses to be more competitive while increasing choice and lowering costs for consumers.
The UK Government is developing a new schedule for trading now that the UK has left the EU.
It will ensure that UK businesses can compete on fair terms with the rest of the world while benefiting thousands of households through greater choice on lower prices.
Ultimately, it will also help to make it easier to trade, boost investment and deliver more quality jobs across the UK.
Goods coming into the UK will no longer be subject to the EU’s Common External Tariff, as they have been for the last 50 years.
The new UK Global Tariff will apply to any country the UK does not have a free trade agreement with.
At present, the UK is negotiating free trade agreements with the United States, Australia, New Zealand and Japan.
Banff and Buchan MP David Duguid has welcome the consultation and encouraged all companies that do business with countries outside the UK to have their say.
Mr Duguid said: “Now that we have left, we have a chance to move away from the complex tariff schedule imposed on us by the European Union.
“The UK Government wants to develop a system that can strike a balance that is fairer for businesses while reducing costs for consumers.
“It is vital that the UK’s international trade policy is a success, but it must do so in a way that works for British businesses and consumers.
“I hope that people, businesses and industry bodies and other organisations will respond to this consultation and outline what will work best for them.”
The consultation will be open online for four weeks from today, at https://www.gov.uk/government/consultations/the-uk-global-tariff, closing on March 5.
The new UK Global Tariff regime is due to come into force on January 1, 2021.
