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Written question asked by Lord Redwood (Conservative) on Wednesday, 17 July 2019, in the House of Commons. It was due for an answer on Monday, 22 July 2019. It was answered by George Hollingbery (Conservative) on Monday, 22 July 2019 on behalf of the Department for International Trade.

Import Duties

Question

To ask the Secretary of State for International Trade, what estimate he has made of average price reduction on non-EU goods into the UK from setting a new UK tariff schedule on exit from the EU.

Answer

If the UK leaves the EU without a deal, the UK will implement the temporary tariff which will apply to all trade from partners not subject to alternative trade arrangements. This policy seeks to balance the impact on consumers from price rises and on producers from exposure to global competition. Under the temporary tariff, over 90% of imports by value currently entering the UK from outside the EU will be liberalised, rising from over 50%.

In addition to tariffs, prices for imported goods depend on various factors, including exchange rate fluctuations, shipping costs and on various non-tariff barriers. Given the range of issues affecting prices, the Government does not attempt to estimate goods prices.

Secondary information

Type
Written question
Reference
278326
Session
2017-19
Subjects
Decreases Import duties Brexit
Link
View this Written question on www.parliament.uk