UK Trade with EU

Department for Exiting the European Union written question – answered on 9th January 2018.

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Photo of Lord Pearson of Rannoch Lord Pearson of Rannoch UKIP

To ask Her Majesty's Government what estimate they have made of the total tariffs which (1) EU exporters would pay to the UK, and (2) UK exporters would pay to the EU, under World Trade Organisation rules.

Photo of Lord Callanan Lord Callanan Minister of State (Department for Exiting the European Union)

If the UK were to leave the EU without alternative trading arrangements in place, WTO rules would require that trade between the UK and the EU would be subject to Most-Favoured Nation (MFN) treatment for goods and services.

The total MFN tariffs which would be paid by UK exporters to the EU, and EU exporters to the UK, would depend on the specific MFN tariffs applied on the products traded and on the future value of trade between the UK and EU. The value of trade between the UK and the EU would in turn depend on a range of factors including how UK and EU firms and consumers might respond to any tariffs.

We want the UK to have the greatest possible tariff- and barrier-free trade in goods and services with our European neighbours.

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