In the same week as the new Prime Minister is announced, the International Trade Committee will examine how leaving the EU without a deal would affect the UK’s trade with non-EU countries, including Japan, Canada and Turkey.
Both the contenders for Prime Minister have indicated that the option of no-deal should remain firmly on the table and the UK should be prepared to walk away from negotiations with the EU if a satisfactory deal is not reached.
The International Trade Committee will meet with trade experts, practitioners, academics and business representatives to examine the impact of no-deal for the UK’s trade with non-EU countries on Wednesday 24 July.
The Committee will consider whether the UK is better prepared for a no-deal in October than it was in March and discuss whether new risks or opportunities have arisen in the interim.
Wednesday 24 July, Room TBC
- Sam Lowe, Senior Research Fellow, Centre for European Reform
- Dr Lorand Bartels, Senior Counsel, Linklaters, and Reader in International Law, University of Cambridge
- Dr Anna Jerzewska, Customs and Global Trade Consultant
- Robert Hardy, Commercial Director, Oakland Invicta Limited
- Mike Hawes, Chief Executive Officer, Society of Motor Manufacturers & Traders (SMMT)
- Stephen Phipson CBE, Chief Executive Officer, MakeUK
- Ian Wright CBE, Chief Executive Officer, Food and Drink Federation
The Committee will look at the technical detail of no-deal in respect of trade with non-EU countries including the Government’s proposed tariffs, issues relating to cumulation and rules of origin – which determine how much of a product much be produced in a country in order to qualify for tariff free treatment within a free trade agreement (FTA) – and the feasibility of using paragraph 5b of GATT 24 to maintain tariff free trade with non-EU countries post-Brexit. It will consider the implications of the Government’s failure to secure ‘roll-over’ agreements with countries that the EU has FTAs with, such as Canada, Japan and Turkey, and the terms and scope of the roll-over agreements it has secured. It will also discuss how no-deal might impact border procedures in respect of goods from non-EU countries.
The Committee will hear how no-deal could affect UK business sectors which trade heavily with non-EU countries. Witnesses representing the automotive, food and drink and manufacturing sectors will discuss preparations for a no-deal Brexit, as well as the impact of a no deal on supply chains and the level of support they have received from the Department for International Trade.
Both panels will also consider how a ‘no deal’ Brexit could affect how the UK Government approaches new free trade agreements, and how this could shape future UK trade policy.