Starting 1st January the UK has implemented a new “Global Tariff” regime which closely mirrors the existing EU tariff regime. The tariff codes exactly match those used in the EU’s “Combined Nomenclature”. The UK General System of Preferences (GSP) will provide trade preferences to the same developing countries as the EU GSP. The main point of difference between the UK and EU schedule, at least initially, is that it reduces tariffs on UK imports of a range of products, including some wood products. The UK is either reducing or totally removing tariffs for certain industries ...
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