DIT guidance on existing free trade deals under no-deal Brexit

Says the government would try and bring into force bilateral UK-third country trade agreements upon exit day, or as soon as possible afterwards, to replicate existing EU arrangements ‘as far as possible’

Document title: Existing free trade agreements if there's no Brexit deal

Summary: Says the government would try and bring into force bilateral UK-third country trade agreements upon exit day, or as soon as possible afterwards, to replicate existing EU arrangements ‘as far as possible’. Adds the government is currently engaging with third countries to complete this work, but if an agreement is not made with certain partners trade would revert to the WTO’s most-favoured nation terms, with trader to pay the ‘most-favoured nation tariff’. Warns companies that there may be ‘practical changes’ to how they make use of trading preferences under new agreements with third countries, depending on the outcome of current negotiations.

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