World Trade Organisation Update Debate
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Liam Fox
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World Trade Organisation Update
Liam Fox Excerpts(6 years, 1 month ago)
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The Secretary of State for International Trade and President of the Board of Trade (Dr Liam Fox)
I am pleased to announce to the House that following the circulation of our goods schedule at the World Trade Organisation in Geneva, the period for certification has ended. As expected, some trading partners have expressed reservations about our proposed treatment of tariff rate quotas (TRQs). I am therefore announcing today that the UK intends to enter negotiations with relevant partners under article XXVIII of the general agreement on tariffs and trade. The notification to formally invite claims in that process is now being prepared. Through the article XXVIII process the aim is to reach a mutually satisfactory conclusion that maintains the balance of rights and obligations for the UK and our trading partners.
[HCWS1034]