BBC :
Major trade partners are seeking compensation from the United Kingdom and the European Union over Brexit uncertainty that has disrupted pre-Christmas trade.
Some 15 countries – including Australia and the United States – raised concerns over their commercial losses at a meeting of the World Trade Organization’s goods council in Geneva recently.
Australian officials said their beef and lamb exporters had already been hit after several Brexit delays.
Brazil said Brexit plans for Northern Ireland could breach WTO rules.
The main issue for the fifteen countries is a system which allows them easier access to the EU’s large market for limited quantities of some of their goods, mainly farm produce. It’s a system known as “tariff rate quotas”.
World Trade Organization members generally apply tariffs – taxes on imports – to many of the goods they buy from abroad.
For some products they have made commitments to allow specified amounts to be imported with tariffs that are lower than what they usually apply. In some cases the reduced tariff is zero.
Major trade partners are seeking compensation from the United Kingdom and the European Union over Brexit uncertainty that has disrupted pre-Christmas trade.
Some 15 countries – including Australia and the United States – raised concerns over their commercial losses at a meeting of the World Trade Organization’s goods council in Geneva recently.
Australian officials said their beef and lamb exporters had already been hit after several Brexit delays.
Brazil said Brexit plans for Northern Ireland could breach WTO rules.
The main issue for the fifteen countries is a system which allows them easier access to the EU’s large market for limited quantities of some of their goods, mainly farm produce. It’s a system known as “tariff rate quotas”.
World Trade Organization members generally apply tariffs – taxes on imports – to many of the goods they buy from abroad.
For some products they have made commitments to allow specified amounts to be imported with tariffs that are lower than what they usually apply. In some cases the reduced tariff is zero.
