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International Trade

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Preliminary discussion on tariff rate quotas during second round of Brexit negotiations

Despite the EU’s hard stance of not negotiating trade until the second phase of Brexit discussions, negotiators began to raise certain aspects of trade in goods. The first substantial round of negotiations was held in Brussels last week where negotiators began to discuss how tariff rate quotas will need to be adjusted due to new import volumes into the EU as well as distribution after Brexit. This is viewed to be a complex topic, given that it will have implications for both the UK and the EU’s WTO schedules that ultimately need to be approved by all WTO members. The goal is to agree on a joint UK-EU proposal on the schedule by autumn of this year.

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EURATEX, EBCA & AAFA Joint-Statement

| EURATEX, EBCA and AAFA are opposed to the imposition of additional tariffs on Travel Goods,Travel Goods, Textiles, & Clothing products in both the EU and US

G20- Agreeing to reforming the WTO

| For the first time, all leaders agreed on the need to reform the WTO at the G20 Summit. However, the real challenge lies ahead.

The European Union gives green light for phase 2 of Brexit negotiations

| After long and arduous negotiations on 7 and 8 December, the European Commission and the UK government reached an agreement to move on to the 2nd phase of Brexit negotiations, which would involve the

Vietnam FTA: Legal scrubbing till April

| The trade agreement between EU and Vietnam may be sent for approval by Parliament and Council in April.

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