PUT THE POLITICIANS ON THE MINIMUM WAGE AND WATCH HOW FAST THINGS CHANGE
Civilisation has operated in two ways - To make one part of society more affluent and the other more wretched than would have been the lot of either in a natural state
There are Natural Rights and Civil Rights. Life, Liberty and the Pursuit of Happiness
Where Our Power to Execute Our Natural Rights is Perfect, Government has No Legitimate Jurisdiction
When the Forces for War are Greater than the Forces for Peace   Then the World is in Danger
Politics is not a Dirty Word. It is a Way of Life. How is Your Way of Life Today ?
cheese

BREXIT TRADE AGREEMENTS MUST PROTECT BRITISH MADE GOODS FROM EU DUMPING

 cheese

A tariff is a tax imposed by a government on goods and services imported from other countries that serve to increase the price and make imports less desirable, or at least less competitive, versus domestic goods and services. … The government’s hope is that the added cost will make imported goods much less desirable.

Goods coming into the UK will no longer be subject to the EU’s Common External Tariff as they have been for nearly 50 years, with the UK’s new Global Tariff Policy coming into effect on 1 January 2021 for imports from any country the UK does not have a free trade agreement with.
World Trade Policy on Tariff’s

Tariffs

Customs duties on merchandise imports are called tariffs. Tariffs give a price advantage to locally-produced goods over similar goods which are imported, and they raise revenues for governments. One result of the Uruguay Round was countries’ commitments to cut tariffs and to “bind” their customs duty rates to levels that are difficult to raise. The current negotiations under the Doha Agenda continue efforts in that direction in agriculture and non-agricultural market access.

 

Will free ports help the UK?

In August, the Conservatives said that they are planning to create up to 10 free ports across the UK after Brexit, which is something that the EU is not in favour of, because it believes that they create unfair competition.

The University of Sussex’s UK Trade Policy Observatory has made a video explaining the pros and cons of having free ports.

It argues that free ports merely “defer tariffs” on components, but because the tariffs still have to be paid on completed products, this does not offer much of a benefit when tariffs are already low, so this will not boost trade.

The academics also say that free ports will not necessarily create new jobs, as many jobs are relocated from elsewhere in the country.

Similar Recent Posts by this Author:

Share this post

Share on facebook
Share on google
Share on twitter
Share on linkedin
Share on pinterest
Share on print
Share on email