Trade Remedies

Liam Fox Excerpts

Thursday 10th May 2018 Written Statements

[The Secretary of State for International Trade and President of the Board of Trade (Dr Liam Fox)]

In November 2017, the Government introduced the Taxation (Cross-Border Trade) Bill and the Trade Bill into Parliament. Together, this legislation will establish the framework for a robust trade remedies framework for the UK once we leave the EU, and establish an independent trade remedies authority (TRA) to operate that framework.

On 29 March 2018, the Department secured a technical ministerial direction to authorise spending on the implementation of the TRA prior to Royal Assent for the Trade Bill, in line with the guidance issued by the Permanent Secretaries of HM Treasury and the Department for Exiting the European Union as well as the written ministerial statement from the Chief Secretary to the Treasury in October 2017.

The Government have continued to progress work to ensure that the UK has an effective trade remedies function for when we leave the EU. Following a review of suitable locations, the Government have determined that the TRA will be based in Reading. The high concentration of required skills and excellent infrastructure links to the rest of the UK will provide an ideal basis for the TRA to carry out its essential work to protect domestic industry from unfair trading practices and unforeseen surges in imports.

Following engagement with devolved Administrations and key stakeholders, today the Government will begin the process to recruit and appoint a chair designate to prepare for this important role, ready to take on the leadership of the TRA board once the Trade Bill has completed its passage through Parliament and achieved Royal Assent.

[HCWS672]