Lord Empey – 2016 Parliamentary Question to the Department for International Trade

The below Parliamentary question was asked by Lord Empey on 2016-07-12.

To ask Her Majesty’s Government what tariffs would apply to imports to the UK from the 27 member states remaining in the EU if trade between the EU and the UK was conducted in accordance with WTO regulations, listed by category.

Lord Price

If the UK were to leave the EU without having negotiated a preferential trade deal, then under WTO rules neither the UK nor the EU could offer each other better market access than that offered to all other WTO members.

The bound levels of access for goods and services into the EU under WTO rules are set out in the EU’s schedules of commitments and are publicly available on the WTO website.

The bound levels of access for goods and services from the EU into the UK under WTO rules would be an issue for the government to consider in due course.