Oil: Import Duties

Department for International Trade written question – answered on 3rd April 2019.

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Photo of Stephen Crabb Stephen Crabb Conservative, Preseli Pembrokeshire

To ask the Secretary of State for International Trade, if he will make an assessment of the potential merits of imposing reciprocal tariffs for petroleum products in the event of the UK leaving the EU without a deal.

Photo of George Hollingbery George Hollingbery Minister of State (International Trade)

If the UK leaves the EU without a deal, the UK will implement a temporary tariff: https://www.gov.uk/guidance/check-temporary-rates-of-customs-duty-on-imports-after-eu-exit.

We expect that the EU’s most favoured nation (MFN) tariff regime will apply to UK exports in the event of the UK leaving the EU without a deal, and there is no indication that the EU will modify its tariff regime as a result of our exit.

This decision seeks to ensure that UK importers and consumers do not face potential disruption or price rises that a fully reciprocal tariff policy would create.

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