January 27, 2021

United Kingdom informs the WTO of the new commercial terms of services that will apply after the Brexit

United Kingdom informs the WTO of the new commercial terms of services that will apply after the Brexit


The British Secretary of State for International Trade, Liam Fox, has indicated in a letter sent to the Parliament of the United Kingdom that the new list of concessions "replicates as much as possible" the current obligations of London within the WTO.

Fox has stressed that this decision is "necessary" when he leaves the European Union and falls outside his own list of concessions. "This does not prejudge, in any way, the result of negotiations of trade agreements between the United Kingdom and the EU," he added.

"We will continue to work with WTO members to resolve any concerns they may have, and the UK can continue to trade with the current terms with an uncertified concessions list without impact on trade flows," the UK Secretary of State assured.

On July 19, London began the same process with the WTO in relation to the new terms related to trade in goods.

.



Source link