Government fine tunes tariffs to keep haulage industry competitive
Following discussions with industry and consumer groups the Department of Industry and Trade (DIT) is making three specific amendments affecting HGVs, bioethanol and clothing.
It has promised to:
Lower tariffs on HGVs entering the UK market
The promise is to level the needs of British producers and the SMEs that run our haulage industry. It is crucial that fleet replacement programmes - which lower carbon emissions - can continue, the DIT says.
Adjust tariffs on bioethanol
UK bioethanol producers must be supported, says the DIT, since the supply of this fuel is vital.
Apply tariffs to additional clothing products
This supports preferential access to the UK market for developing countries.
The trio of amendments is intended to keep our supply chains operating smoothly and peg prices down for consumers. These measures will help prepare the UK to leave the EU on 31 October whatever the circumstances.
Under the temporary tariff, 88 per cent of total imports to the UK by value would be eligible for tariff free access.
The effects of the temporary tariff regime on the UK economy will be constantly monitored the DIT says.
In addition, a new ‘Exceptional Review Process’ will come into force on exit day, to fine tune temporary tariff regimes, when necessary.
Businesses and consumers are being asked to report back the impact of the temporary tariff regime through an online feedback form. The government will then review the evidence and consider the need for further intervention.
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The UK government has announced an update to the temporary tariff regime that was first announced in March this year. The update comes in the wake of the looming Brexit deadline.
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