World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search

 

UK notifies WTO on implications of withdrawal from the EU

UK notifies WTO on implications of withdrawal from the EU for itself and other members

The United Kingdom has notified the other 163 WTO members of its status in the organization given its withdrawal from the European Union on 1 February. In a document sent on 1 February, the United Kingdom explains the WTO-related implications of Brexit for itself and other WTO members.

The United Kingdom has been a WTO member since 1 January 1995 and a member of the General Agreement on Tariffs and Trade (GATT) since 1 January 1948. Until 31 January 2020, it was a member state of the European Union. The European Union and the United Kingdom have agreed a Withdrawal Agreement pursuant to Article 50 of the Treaty on European Union, which provides for a time-limited transition period during which European Union law, with limited exceptions as provided for in the Withdrawal Agreement, will apply to and in the United Kingdom.

The communication from the United Kingdom states that the transition period provides continuity in the trading relationship between the United Kingdom and the European Union, and with other WTO members, with the United Kingdom remaining part of the European Union's customs union and single market during that time.

For further information, see the UK page on the WTO website.

ends

© Scoop Media

 
 
 
World Headlines

 

Gordon Campbell: On The Rise Of Klobuchar And Bloomberg

Oh, the burden of being the front-runner. In 2016, when he was still the feisty underdog, Vermont senator Bernie Sanders set his campaign alight by beating Hillary Clinton in neighbouring New Hampshire by a resounding 60-39% margin. Yesterday, Sanders won again in New Hampshire. This time though only by a 1.3% margin over Pete Buttigieg, with Minnesota senator Amy Klobuchar reasonably close behind in third place. More>>

ALSO:

Crisis and Opportunity: The ‘Deal of the Century’

After several postponements, US President, Donald Trump, has finally revealed the details of his Middle East plan, dubbed ‘Deal of the Century’, in a press conference in Washington on January 28. More>>

ALSO:

Gordon Campbell: On The Iran Aftermath

So, evidently, you can get away with murder. It looks as though a further escalation in the ongoing war between Iran and the US has been avoided – mainly thanks to Iran NOT responding in kind to the recklessly unhinged behaviour by the United States. ... More>>

ALSO: