According to the report, if the UK leaves the European Union without a deal, 88% of total imports by value would be eligible for tariff-free access.
It was reported that following by a new "special review procedure", the system can be reformed from the first day of Brexit if necessary. The aim of this move was to strive to meet the decline in prices without damaging domestic production.
However, here are 23 days from the deadline for Brexit, the prospect of an agreement between the UK and the EU are still uncertain.
Source from Yieh Corp
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