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UK publishes trade bill

[ November 7, 2017   //   ]

The UK Government published its ‘Brexit’ trade bill on 7 November, in which it set out the steps it would take to minimise disruption after March 2019.

It includes provisions for the UK to implement over 40 existing EU trade agreements, making the UK an independent member of the Agreement on Government Procurement so that UK firms can continue to access government contracts in other countries and creating a new trade remedies body to defend UK businesses against injurious trade practices.

It would also ensure the UK Government has the legal ability to gather and share trade information.

The government also laid resolutions for the Customs Bill – Taxation (Cross-border Trade) Bill – which will enter Parliament shortly and which will allow the government to create standalone customs regime and amend VAT and excise regimes.

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