Brexit And Preferential Trade Agreements

Countries decide for themselves whether to introduce a GSP and how it is structured. Thirteen national GSP programmes are currently notified to the UNCTAD secretariat. UNCTAD, “On the GSP”: unctad.org/en/Pages/DITC/GSP/About-GSP.aspx [called 6 March 2017] In addition, the EU may want to reduce the tariff quotas granted under these agreements in order to take into account the small size of the EU market after Brexit (and the market access that the UK can grant). The UK`s position under the EU`s post-Brexit preferential trade agreements is expected to become a significant aggravating factor in the negotiations. Companies established in the United Kingdom that rely on such agreements should be warned of possible difficulties that may arise. . . .