MIL-OSI UK: Legislation for the UK s independent tariff policy | Global ForeignAffairs co nz foreignaffairs.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foreignaffairs.co.nz Daily Mail and Mail on Sunday newspapers.
| UPDATED: 18:44, Wed, Dec 16, 2020
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Ministers said the UK Global Tariff, which replaces the EU’s Common External Tariff, will be used as the framework to trade independently outside of existing free trade agreements from January 1. International Trade Secretary Liz Truss said the new tariff had been tailored to meet the needs of the UK economy and backed British business to compete on the world stage.
Tariffs suspended on a wide range of goods in the fight against Covid-19
These build on tariff reliefs in place through 2020, are available to all importers and are automatically applied.
Suspensions planned to last for a year, subject to regular reviews
Tariffs on medical products used to help fight against coronavirus have been suspended by the Government in the fight against the pandemic, lowering costs on these critical items for organisations across the UK.
The new measures, which ensure no tariffs will be due on imports of goods including face masks, gloves and other protective equipment, will come into effect from 1 January 2021.
By Ian Quinn2020-12-16T11:54:00+00:00
The retailer said its buying teams would not accept any cost increases as promotions were already “locked and loaded”
The Co-op has told suppliers it expects them to absorb tariff increases for three months, if Brexit negotiations result in a no-deal.
The Grocer has obtained a letter sent from the retailer saying promotions lined up until March are already “locked and loaded” and that its buying teams will not accept any cost increases.
The retailer told The Grocer it would be “almost impossible” to change the prices for agreed promotional activity. It had already committed to major spending on marketing in store and advertising campaigns, it added.
MIL-OSI United Kingdom: UK Foreign Secretary sets out ambition for closer relationship with India foreignaffairs.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foreignaffairs.co.nz Daily Mail and Mail on Sunday newspapers.